State Street has appointed James Day as global head of product development for securities finance. Based in London, he will be responsible for delivering new products, managing regulatory change and providing business solutions. He will report to Martin Tell, global head of securities finance. He was most recently head of securities finance in EMEA at…
Category: State Street
State Street to support new active ETFs for Natixis
State Street has been appointed to provide a range of ETF servicing solutions for three active ETFs for Natixis Investment Managers. Natixis is leveraging the NYSE Proxy semi-transparent model. State Street will provide basket creation, NAV dissemination, settlement, custody, financial reporting, fund accounting, order-taking, performance and investment analytics, and transfer agency services. Nick Elward, head…
State Street makes board appointments in Saudi Arabia
State Street Saudi Arabia Financial Solutions, a subsidiary of State Street, has appointed Haifa Al Khaifi as chairperson of the board, and Rasha Saleh to the board of directors. Al Khaifi serves as the chief financial officer of Oman’s leading oil and gas exploration and production company, Petroleum Development Oman (PDO). Saleh was most recently…
State Street bolsters Asia Pacific senior management team
State Street has appointed Mostapha Tahiri as head of Asia Pacific, and Joanne Chen as head of China. Tahiri, who is based in Singapore, will report jointly to Andrew Erickson, chief productivity officer and chief executive officer for State Street’s international business, and Francisco Aristeguieta, chief executive officer of State Street Institutional Services. Tahiri succeeds…
Vanguard consolidates MM funds on Charles River IMS
A major coup for Charles River Development, which is owned by State Street, where Vanguard has consolidated management of its taxable money market funds on the cloud-based Charles River Investment Management Solution. Vanguard is already live on the platform, using Charles River IMS across the investment process, from pre-trade to post-trade and compliance. Paul Malloy,…
State Street opens in Riyadh
State Street has opened its first Saudi Arabia office, located in Riyadh. The new office will provide both institutional services and asset management. State Street Saudi Arabia has appointed Abdullah Saleh Bakhrebah as chief executive officer and managing director. Bakhrebah has more than 12 years’ experience in Saudi Arabia’s banking and finance industry, and was…
Citi takes USD9bn of John Hancock fund assets from State Street
A major breakthrough for Citi in the ’40 Act space, where John Hancock Investment Management has transferred the custody of USD9bn in fund assets to Citi from State Street. Citi has assumed custody for three Hancock funds: the Fundamental Large Cap Core, the Balanced and the Disciplined Value International, Citi has an existing mutual fund…
BNY Mellon adds senior talent across asset servicing business
BNY Mellon has made some significant hires across its asset servicing business. Mark McKeon joins as global head of front-to-back solutions, based in Dublin. He is charged with expanding asset servicing’s front-to-back solutions platform globally, connecting the front, middle and back office to deliver a seamless platform for clients. His remit will include OMS partnerships,…
State Street to service four new actively managed ETFs for T. Rowe Price
State Street has scored another major coup in the ETF sector, having been appointed as service provider for four recently launched T. Rowe Price active ETFs. For the past three years, State Street has supported T. Rowe Price in the development of service models and launch planning, culminating in the funds’ public availability. As part…
State Street’s BestX launches equities TCA module
BestX, State Street’s FX and fixed income best execution analytics platform, has expanded its execution analytics software and launched a post-trade transaction cost analysis module for equity markets. State Street, which bought TCA specialist Elkins/McSherry in 1999, intends to integrate both platforms to deliver a single TCA offering.