Ultimus Fund Solutions, the U.S.-based provider of fund administration, accounting, and investor solutions, has hired Steve Scaringe as a senior vice president, business development. In this role, he will focus on providing enterprise-wide service solutions to institutional investment managers. Scaringe has worked for J.P. Morgan and, most recently, State Street.
Category: State Street
State Street consolidates in India
State Street is streamlining its operating model in India and intends to assume full ownership of the company’s joint venture with the Atos Group (originally established with Syntel, Inc.). This consolidation is expected to be complete by the fourth quarter of 2023. State Street has a long-standing presence in India and has partnered with Syntel/Atos…
State Street launches ETF portal in Australia
State Street has launched its Fund Connect ETF Portal in Australia. The portal offers online access for the creation and redemption of ETFs. This follows the 2022 launch of the platform in Singapore. Fund Connect ETF acts as a conduit between APs and issuers globally. It provides a single point of access to approximately 1,100…
Andrew Capon – RIP
It is with great sadness that I have to announce the death of Andrew Capon. Andrew was one of the most gifted journalists of his generation, covering both investment management and administration. He had a formidable intellect, and a wicked sense of humour. He was just 54 years old.
State Street to service abrdn’s European ETF
State Street has been appointed by abrdn, the UK-based asset manager with GBP500bn (USD643bn) AuM, to service its first actively managed ETF in Europe, the abrdn Global Real Estate Active Thematics UCITS ETF. State Street will provide abrdn with custody, fund accounting, order-taking, transfer agency and ETF servicing.
State Street wins in Chile
State Street has been appointed to provide custody and fund order services for Confuturo, a Chile-based insurance company that is one of the largest providers of annuities in the country. In 2022 State Street opened an office in Chile.
Promotion for Donohue at State Street
State Street has appointed Jessica Donohue as head of global investment insights, sustainability and impact. Donohue succeeds Rick Lacaille who announced his retirement earlier this year. She will report to Lou Maiuri, president, chief operating officer, and head of investment services. In this role, Donohue will oversee State Street’s sustainability efforts with a focus on…
State Street opens in Colombia
State Street has continued its expansion into Latin America with the opening of an office in Bogota, Colombia. Andres Zambrano Burgl will manage the office and lead sales in the country, reporting to Maria Ximena Vasquez, State Street’s head of sales for Latin America and The Caribbean (ex Brazil). State Street opened an office in…
State Street hires from SGSS
Olivier Blanc has joined State Street as head of global delivery for France. He was previously at Société Générale. In 2022 State Street hired Christophe Baurand, who had been global head of sales, marketing & solutions for SGSS, as country head for France.
State Street upgrades ETF E2E service
State Street has expanded its Alpha front-to-back asset servicing platform to support the entire ETF lifecycle with front, middle and back-office capabilities, underpinned by the State Street Alpha Data Platform. The new offering integrates Charles River Development’s front office products with State Street’s ETF servicing capabilities to deliver end-to-end processing for ETF issuers across the…