State Street has appointed Tim Helyar as head of Australia and Kevin Hardy as head of Singapore and Southeast Asia. Both report to Mostapha Tahiri, chief executive officer for Asia Pacific. Helyar joins after almost two decades at J.P. Morgan Investor Services where he was most recently head of fund services product development for Asia…
Category: State Street
State Street records first P2P repo trade
State Street has closed the first transaction within its peer-to-peer repo program following its launch earlier this year. The trade was executed between a large asset owner and a non-traditional investment manager. The program seeks to facilitate overnight and term repo trading between buy-side counterparties, including traditional and non-traditional asset managers, asset owners, insurers, corporates,…
State Street wins digital custody mandate
State Street has been appointed to provide custody services to the Digital Securities Depository Corporation (DSDC). DSDC operates a cross-border securities settlement infrastructure with third-party regulated financial institutions to create, issue and service digital depositary receipts (DDRs) in the US public market. The securities underlying the DDRs will include the non-US listed equity securities DSDC…
State Street adds convertibles for P2P lending
State Street has expanded its peer-to-peer securities finance product, Direct Access Lending, which enables direct, principal loans between its lending and borrowing clients. It now enables borrowers to post U.S. convertible bonds as collateral to facilitate the participation of new clients and strategies. The same operational support provided for equity-for-equity loans in Direct Access Lending…
Harbor Capital Advisors appoints State Street for ETF servicing
State Street has been appointed as the servicing agent for Harbor Capital Advisors’ first actively managed fully transparent fixed income ETFs, launched in September in the U.S. The two funds are the Harbor Scientific Alpha Income ETF (SIFI), and the Harbor Scientific Alpha High-Yield ETF (SIHY). State Street will provide various ETF servicing solutions, including…
John Lehner joins FundGuard as president
FundGuard, the U.S./Israel AI-powered investment management and asset servicing enterprise SaaS platform, has appointed John Lehner as president. Lehner, who previously served as global head of State Street’s investment manager services unit and CEO of BNY Mellon Technology Solutions, is responsible for driving the firm’s go-to-market strategy and client-facing activities including broader expansion globally, onboarding…
J.R. Lowry joins Janus Henderson as COO
J.R. Lowry is leaving State Street to join Janus Henderson Investors as COO. At State Street he was COO of its Alpha business.
Water Island Capital converts mutual fund to ETF
Water Island Capital has converted the Water Island Long/Short Fund (Nasdaq: ATQIX), a mutual fund within The Arbitrage Funds series trust, to the AltShares Event-Driven ETF (NYSE Arca: EVNT). State Street facilitated the conversion.
State Street goes live with Acadia
State Street’s Collateral+ business is now operational with Acadia’s Initial Margin Exposure Manager (IMEM) and Margin Manager (MM) service. This integration provides automated dispute management for initial margin agreements and electronic margin call messaging across multiple products.
Duncan Christie joins Gen II in Luxembourg
Gen II Fund Services, the specialist private assets administrator which has USD600bn AuA, has appointed Duncan Christie as head of operations and client services and a member of the executive committee in Luxembourg. He joins from IFDS in Luxembourg, where he was COO, responsible for operations, client service, business transformation, and research & development.