Citi has emerged as the major winner in BlackRock’s rebalancing of its provider panel for the USD2.3trn iShares’ assets in U.S.-domiciled ETFs. The decision is the culmination of a nearly two year-long due diligence process with the selection of four of the leading custody banks to support the growth of U.S. iShares ETFs and strengthen…
Category: State Street
State Street deploys DLT for FX margin calculation
State Street, alongside Vanguard and Symbiont, have jointly completed the margin calculation process for a live trade of a 30-day foreign exchange forward contract through the use of Assembly, Symbiont’s distributed ledger technology. The firms have been actively exploring the application of blockchain technology to undertake margin processing for FX forwards and swaps, with the…
State Street hires performance expert from BNY Mellon
After a 19-year career at BNY Mellon, Marc Rubenfeld has joined State Street as MD, Alpha Platform Management – Investment Performance, based in the U.S. Most recently he was head of EMEA sales for data & analytics solutions at BNY Mellon.
State Street partners with Cassini to enhance optimisation
State Street has added pre-and post-trade optimisation and margin analytics capabilities to its Collateral+ service. In partnership with Cassini Systems, a provider of pre- and post-trade margin and collateral analytics for derivatives market participants, Collateral+ now offers an integrated, modular approach to optimisation, which addresses collateral efficiency from multiple angles. It Through Cassini’s technology, Collateral+…
State Street partners with RIMES
State Street has struck a deal with RIMES, the U.S.-based data partner for asset managers, asset owners, and service providers, to enhance State Street Alpha, its front-to-back solution. Through this partnership, State Street Alpha clients will benefit from RIMES’ expertise and experience with the global index provider marketplace, leveraging its operational capabilities and infrastructure. This…
State Street to support new VanEck Bitcoin ETF
VanEck, the U.S.-based manager with USD82.2bn AuM, has announced the imminent launch of its VanEck Bitcoin Strategy ETF (XBTF), an actively managed ETF that seeks capital appreciation by investing in standardised, cash-settled bitcoin futures contracts. XBTF is expected to list on Cboe on November 16, 2021. XBTF is the first ETF in VanEck’s suite of…
Cesar Estrada joins Arcesium
Cesar Estrada has joined Arcesium, a U.S.-based fintech and administrator that is partly backed by J.P. Morgan, as its private markets segment head. He was previously at State Street.
CRD names new head of EMEA
Charles River Development, a State Street company, has appointed Caroline O’Shaughnessy as head of EMEA, where she will be responsible for all business oversight within the region. She joins from The London Stock Exchange Group, where she was chief client officer, global head of sales and marketing for its information services division, and group head…
State Street combines FX platforms
State Street has combined its FX execution and post-trade platforms – FXConnect, Currenex and TradeNeXus – into a single platform, GlobalLink FX.
State Street names new chief risk officer
State Street has named Brad Hu its chief risk officer, effective January 1, 2022. Hu succeeds Andrew Kuritzkes, who is retiring from State Street. Hu was previously the chief risk officer at Citigroup.