State Street has completed its acquisition of CF Global Trading, a UK-based firm specialising in outsourced trading on an agency basis for a variety of asset classes, including equities, listed derivatives and fixed income. Financial terms are not being disclosed. State Street currently provides outsourced trading to clients in the Americas, APAC and Middle East,…
Category: State Street
ZILO adds four to board
ZILO, the UK-based fintech specialising in the global asset and wealth management sectors, has added four new directors to its board: Cuan Coulter from State Street, Pervaiz Panjwani from Citi, Adam Felesky of Portage, and James Devlin from Fidelity International Strategic Ventures. All four companies participated in ZILO’s recent GBP25m (USD32m) funding round.
State Street appoints UK head
State Street has appointed Michael Eldridge as UK country head and State Street Bank & Trust London branch manager. Reporting to Cuan Coulter, Eldridge will oversee all aspects of State Street’s business in the UK and the execution of the firm’s strategy across product deployment, client relationships, risk and compliance, employee development and community engagement,…
Aztec appoints RE head
Aztec Group, the C.I.-based administrator, has appointed Claire Stapleton as group head of real assets. Based in Kilkenny, Ireland, she joins from BNY Mellon, where she was global head of real estate accounting. Prior to that, she was head of the Kilkenny real assets & private equity team at State Street International (Ireland) Limited. Her…
VanEck selects Gemini
VanEck, the U.S.-based fund manager with USD76.4bn AuM, has named Gemini as BTC custodian for its recently approved bitcoin ETF under the ticker HODL, which is listed on the Cboe BZX Exchange. State Street is the custodian of cash, fund accountant, transfer agent, ETF basket servicer and order-taker.
ZILO raises GBP25m
ZILO, the UK-based fintech specialising in the global asset and wealth management sector, has completed a GBP25m (USD32m) Series A funding round. The fundraising, which was oversubscribed, was co-led by Fidelity International Strategic Ventures and Portage, with participation from State Street and Citi. In 2023 ZILO onboarded the first client to its global digital transfer…
State Street appoints Ireland country head
State Street has appointed Terri Dempsey as country head of Ireland. Dempsey will oversee the delivery of services and strategy for all of State Street’s operations in Ireland and reports to Cuan Coulter, UK country head. Dempsey moves into the role formerly held by Tadhg Young, who recently assumed the position as head of State…
Nebraska moves to Northern Trust
The Nebraska Investment Council (NIC) has selected Northern Trust to provide asset management and asset servicing solutions, including custody, portfolio analytics and securities lending, for its pension fund. The NIC is an independent state agency that manages USD37.5bn across 32 investment programs. NIC provides investment services to the state of Nebraska and is responsible for…
BMO GAM completes Alpha implementation
State Street has completed implementation of State Street Alpha, its front-to-back asset servicing platform for institutional investment and wealth managers, with BMO Global Asset Management. BMO GAM is a Canadian asset manager with a range of mutual funds, ETFs, alternative funds, and other investment products. BMO GAM began the implementation of State Street’s Alpha platform…
State Street further consolidates in India
State Street and HCLTech are finalising plans for State Street to assume full ownership of Statestreet HCL Services, the India-based JV formed in 2012 to provide business operations services. This consolidation is expected to be completed in Q2 2024. State Street has partnered with HCLTech for more than a decade. Earlier this year, State Street…