Northern Trust has appointed Kate McCabe to lead the OCIO strategy for its asset servicing business unit. In this newly established role, McCabe will be responsible for developing strategic relationships with outsourced chief investment officer firms and the associated investment consultant community. She will report to Melanie Pickett, head of asset servicing, Americas. McCabe was…
Category: State Street
Ultimus hires fund services chief
Ultimus Fund Solutions, an independent provider of fund administration, accounting, and investor solutions, has appointed Teresa Connors as executive vice president, fund services. Connors will oversee the fund accounting, financial administration, tax, and portfolio compliance teams. She was most recently at State Street.
State Street hires new CFO
State Street has appointed John Woods to CFO. Woods, who will join State Street in late August, succeeds Mark Keating, who has served as interim CFO following the 2024 departure of Eric Aboaf, vice chairman and CFO, who left to join S&P Global. Upon joining State Street, Woods will report to Ron O’Hanley, State Street’s…
State Street onboards UK TA client
State Street has onboarded River Global as a client of its newly launched transfer agency service in the UK, supported by ZILO, a fintech specialising in global asset and wealth management software. State Street participated in ZILO’s Series A fundraising round in January 2024. State Street offers institutional transfer agency services in 14 markets.
State Street to acquire Mizuho businesses
State Street has agreed with Mizuho Financial Group, Inc. to acquire Mizuho’s global custody and related businesses outside Japan. These businesses support the overseas investments of Mizuho’s Japanese clients. Mizuho currently operates its global custody and related business outside Japan through its local subsidiaries Mizuho Trust & Banking (Luxembourg) S.A., owned by Mizuho Trust &…
IFDS to be restructured in Europe
State Street and SS&C Technologies plan to restructure the European component of their International Financial Data Services (IFDS) LP joint venture arrangement in Luxembourg and Ireland, following an almost 20-year collaboration. Under this plan, transfer agency services delivered by IFDS in Ireland and IFDS in Luxembourg will transition into each organisation’s respective operations. State Street…
NPS goes live on Aladdin
NPS, the Korean pension system, has gone live on BlackRock‘s Aladdin platform, integrating State Street‘s and BNY’s middle office and investment operations services for equity and fixed income assets respectively.
HUB wins new mandate
HUB, the fund services provider in which State Street has a stake, has been appointed by Gresham House Ireland to provide HUB Performance Reporting, a SaaS solution designed to automate and simplify performance reporting and factsheet production. Gresham House Ireland, an alternative asset manager, will use HUB to automate performance reporting, standardise factsheet generation, and…
State Street hires NA head
State Street has appointed Sarah Salih as EVP and head of North America for its investment services business. Salih is based in Boston and reports to Joerg Ambrosius, president of State Street Investment Services. She joins from HSBC Securities (USA), where she was most recently head of regional coverage, Americas.
HUB wins NAV oversight mandate
HUB, the fintech that is partly backed by State Street, has won a mandate from Acer Tree Investment Management for HUB NAV Oversight, a SaaS solution designed to optimise and automate NAV processes. Acer Tree, a mid-sized UK-based asset manager specialising in alternative investments, will leverage HUB NAV Oversight to streamline its NAV oversight process.