State Street has gone live in Singapore with Fund Connect ETF, a global primary market ETF portal with access to more than 960 ETFs. Fund Connect ETF is an online fund portal for the creation and redemption of ETFs, designed as a single point of access for sponsors. The portal’s automated order placement solution and…
Category: State Street
State Street Digital hires senior tech managers
State Street Digital has appointed Rob Otter as head of blockchain engineering and Nitin Gaur as digital technology strategy lead. Otter, based in London reports to Aman Thind, chief technology officer of State Street Digital. Gaur, based in Austin, Texas, will report to Otter. Otter joins State Street from JPMorgan Chase, where he was CTO…
State Street partners with Paxos in T+0 pilot
Paxos, the regulated blockchain infrastructure platform, has partnered with State Street to integrate State Street’s custody services into the Paxos Settlement Service. As part of the pilot, State Street was able to simulate the settlement and custody of shares on the Paxos platform and asset movements more efficiently. State Street was able to send settlement…
State Street to administer crypto ETF in Australia
K2 Asset Management has appointed State Street Australia Limited as the fund administrator and custodian in Australia for the Cosmos Purpose Bitcoin Access ETF (Cboe: CBTC), Australia’s first cryptocurrency ETF ultimately backed by physically settled Bitcoin. CBTC’s underlying asset is the Purpose Bitcoin ETF which is managed by Purpose Investments and quoted on the Toronto…
State Street makes senior management changes
State Street has made senior management changes. Lou Maiuri, currently COO, has been appointed as president and head of Investment Services and Eric Aboaf, CFO, to vice chairman. Maiuri and Aboaf will both continue to report to Ron O’Hanley, chairman and chief executive officer. Maiuri now has end-to-end responsibility for all facets of State Street’s…
HSBC hires new head of ANZ fund services
Chrys Wickremeratne has joined HSBC as head of fund services operations for Australia & New Zealand. He previously spent nearly eight years at BNP Paribas Securities Services. His appointment follows the recent hiring of Sinclair Scholfield from State Street as head of sales and client management for its securities services business in Australia and New…
State Street appoints global head of asset owners
State Street has confirmed the appointment of Jessica Donohue as global head of its asset owner segment business. Donohue assumes this leadership role following her most recent position leading the global clients division, where she was responsible for relationship management of the firm’s largest and most complex global clients. She will report to Francisco Aristeguieta,…
Ultimus teams up with FundGuard for contingent NAV solution
Ultimus Fund Solutions is to offer its investment manager clients an enhanced contingent NAV solution utilising FundGuard’s platform. The FundGuard solution allows Ultimus to offer clients additional services to calculate real-time contingent NAVs for their registered funds. Clients can also use the solution for shadow NAV monitoring as an oversight to the normal daily NAV…
FundGuard closes USD40m funding round
FundGuard, the AI-powered SaaS investment management and asset servicing enterprise platform, has closed a USD40m Series B funding round. The investment round included large strategic investors, Citi and State Street, who joined initial investors Blumberg Capital, LionBird Ventures, and Team8 Capital, inter alia, to back the company’s future-ready technology approach to asset servicing. This latest…
State Street hires new head of global clients division
State Street has appointed Michael Knowling to head of its global clients division (GCD). Knowling will report jointly to Joerg Ambrosius and Chris Coleman. In this role, Knowling will manage a team of senior client executives, global relationship managers, and client analysts as part of State Street’s client coverage model focused on delivering cross-enterprise solutions…