Patrick (Pat) Hayes has retired from BNP Paribas, after a 10-year stint that included head of the UK for the securities services business and, most recently, global head of alternative investors, running the alternatives administration business. Hayes has been based in Dublin since joining State Street in 2007. All my very best wishes to Pat…
Category: State Street
State Street upgrades in KSA
State Street’s fully owned subsidiary, State Street Saudi Arabia Financial Solutions, has upgraded to a Managing Investment and Operating Funds (MIOF) licence from the Capital Market Authority in Saudi Arabia, enabling the firm to offer local fund administration services in Saudi Arabia. While State Street has previously supported clients in Saudi Arabia through its global…
Principal expands with State Street
State Street has been selected by Principal Financial Group, a financial services company specialising in retirement solutions, asset management and insurance, to provide custody, fund accounting and administration services for Principal Funds. The mandate builds on a relationship between State Street and Principal that spans more than a decade, during which State Street has supported…
State Street signs MoU in Oman
State Street has signed a memorandum of understanding with Jadwa Investment, a Middle Eastern investment management and advisory firm, to collaborate in the Sultanate of Oman. The two firms will jointly identify and develop opportunities to expand their offerings to institutional clients in Oman, with a focus on asset servicing and global custody. State Street…
Northern Trust promotions within asset servicing
Following the recent appointment of Clive Bellows and Guy Gibson as co-presidents of asset servicing, Northern Trust has made changes within its asset servicing business. Nick Gilbert has been appointed head of asset servicing, EMEA, a newly expanded role with responsibility for both asset owners and asset managers, aligning the EMEA region’s structure with Northern…
Carne hires from State Street
Carne Group, Europe’s largest third-party ManCo and a provider of fund regulation and governance solutions, has appointed Daniel Osborne as head of ETF solutions, based in London. He reports to Des Fullam, chief regulatory & client solutions officer at Carne. He was most recently COO and MD of the ETF business at State Street, where…
Maiuri joins Ultimus board
Ultimus has appointed Lou Maiuri as an independent member of its board of directors. Maiuri is currently chairman and group CEO of AssetMark, and was previously, president, COO and head of investment services at State Street.
State Street to launch tokenised fund service
State Street intends to deliver a tokenised fund servicing capability from Luxembourg by the end of 2026. State Street Investment Management is expected to be an early adopter of the service. The capability will be delivered through State Street’s digital asset platform.
Thornburg expands with State Street
State Street has been appointed by Thornburg Investment Management to provide end to end servicing support for Thornburg’s new ETF share classes. Thornburg is a privately owned investment firm with c. USD57bn AuM. Under the expanded mandate, State Street will deliver ETF servicing for Thornburg’s new share classes, including custody, accounting, ETF basket creation, create…
Dimensional appoints State Street
State Street has been appointed as service provider for Dimensional Fund Advisors’ newly approved ETF share class structure. This is the first in the U.S. under SEC’s final exemptive relief, allowing Dimensional to introduce ETF share classes within its actively-managed mutual fund lineup. State Street will provide end-to-end service support, including custody, fund accounting, ETF…