Archer, a service provider to the investment management industry, has appointed John Lehner as a member of its board of directors. Lehner has previously worked at State Street, BNY Mellon and Eagle Investment Systems.
Category: State Street
State Street launches GIPS solution
State Street has struck a partnership with The Spaulding Group, a provider of investment performance measurement services, to launch its Global Investment Performance Standards (GIPS) asset owner solution. The combination of State Street’s core performance services and operational support with The Spaulding Group’s educational, consulting, and verification capabilities aims to provide asset owners with the…
State Street to buy BBH’s investor services business for USD3.5bn
State Street and Brown Brothers Harriman & Co. have entered into a definitive agreement for State Street to acquire BBH’s Investor Services business, including its custody, accounting, fund administration, global markets and technology services, for USD3.5bn in cash. Following the transaction, BBH will continue to independently own and operate its separate private banking and investment…
my529 appoints State Street for investment servicing solutions
State Street has been appointed by my529 to provide investment servicing solutions, covering accounting, daily NAV calculations, performance reporting, and daily cash settlements, as well as dynamic cash allocations, trading, and rebalancing services. my529, Utah’s official nonprofit 529 educational savings plan, is available to residents of any state and currently has over USD20bn AuM.
Eric Chng joins State Street in APAC
State Street has appointed Eric Chng as an SVP within its client segments group, focused on the alternatives and insurance sectors in Asia Pacific. He is based in Singapore, and joins from Citco, where he was head of business development and sales across APAC.
State Street to add 400 tech jobs in Ireland
State Street is to establish a new 400-strong team in Ireland to provide technology infrastructure and cybersecurity services to support group operations globally. State Street currently employs approximately 2,000 staff in Ireland across Dublin, Drogheda, Naas and Kilkenny. The new unit will be located at IDA Ireland Business and Technology Park in Kilkenny, where State…
State Street appoints new head of global markets for Europe
State Street has appointed Simona Stoytchkova as its new head of Global Markets, Europe. Global Markets is State Street’s capital markets business, providing research, trading, and securities lending services for foreign exchange, securities and derivatives. Based in Frankfurt, Stoytchkova joins from IG Europe, where she was country head for Germany & Netherlands.
Rob Rushe joins CACEIS to head ETF solutions
Robert Rushe, one of the pioneers of the European ETF industry, has joined CACEIS as head of ETF solutions, based in Ireland. Rushe was part of the BoISS ETF team that joined Northern Trust after its acquisition in 2011, and most recently worked at BNY Mellon as head of the ETF business for EMEA.
State Street goes live with DTCC’s MTU
State Street’s Collateral + business has gone live with DTCC’s Margin Transit Utility (MTU), which has been designed for simplifying the transfer of collateral among market participants. By leveraging MTU, State Street’s Collateral+ business will now be able to more efficiently validate, enrich, settle, report and monitor third party collateral while connecting to and sharing…
State Street expands relationship with ANIMA
State Street has entered into an agreement with ANIMA SGR, the independent Italian asset manager with EUR198bn (USD232bn) AuM, to provide front office IT platform solutions and back-office administration services for certain ANIMA institutional and retail managed accounts (s.c. gestioni patrimoniali). Services provided by State Street in Italy cover approximately EUR24bn (USD28bn) AuM for retail…