Following Linda Gorman’s recent departure, U.S. Bank has confirmed Didier Delvaux as head of its global fund services business in Europe. Delvaux is currently head of the Luxembourg operation. Ken Somerville is confirmed as head of global fund services in Ireland.
Category: U.S. Bank
Ultimus hires from U.S. Bank
Ultimus Fund Solutions, a U.S.-based provider of fund services, has hired Gail Zess as VP of relationship management, and Catherine (Catie) Pfeifer as AVP of control accounting. Both join from U.S. Bank.
Neuberger leaves U.S. Bank
Joe Neuberger, president of U.S. Bank’s global fund services business, has left to pursue an external opportunity. Neuberger spent 28 years at U.S. Bank. Whilst the bank searches for a replacement, Christine Waldron, chief product officer for the Wealth Management & Investment Services unit (WMIS), will act as interim head. This follows the news that…
Gorman steps down from U.S. Bank
Linda Gorman has stepped down from her role as CEO of U.S. Bank Global Fund Services – Europe. She joined U.S. Bank following its acquisition of Quintillion in 2013. Gorman will be replaced by Ken Somerville, currently COO.
Darren Hodges steps up at U.S. Bank
Darren Hodges has been named COO of U.S. Bank Wealth Management and Investment Services. He joined U.S. Bank in 2020 to lead trust technology and support services custody services.
U.S. Bank simplifies alts data reporting
U.S. Bank has launched a suite of lifecycle data metrics, with faster reporting of private equity, hedge fund and other alternative fund data. This capability, designed for custody clients, is made possible by new automated data extraction technology. This new process of pulling essential data from private markets is made possible in part by U.S.…
U.S. Bank hires CCO for Ireland
Tony O’Brien has joined U.S. Bank Global Fund Services as chief commercial officer for Ireland. O’Brien was previously at BNY Mellon, where he spent 25 years, most recently as a senior business development manager in Ireland.
BNY Mellon to administer new Grayscale European ETF
BNY Mellon in Ireland has been appointed as custodian and administrator for Grayscale’s first European ETF, launched through the HANetf platform, for which BNY Mellon provides custody and administration. The Grayscale Future of Finance UCITS ETF (GFOF) will list on the London Stock Exchange, Deutsche Börse and Borsa Italiana and will be available to investors…
Securrency secures FSP for ADGM
Securrency Capital, a broker-dealer based in the Abu Dhabi Global Market (ADGM), has secured a Financial Services Permission (FSP) from ADGM’s Financial Services Regulatory Authority (FSRA) to deal in investments as a matched principal and provide custody for those investments. The license enables Securrency Capital to provide trading of digital assets to a variety of…
U.S. Bank implements ESG solution
U.S. Bank has deployed Sustainalytics, the provider of ESG research and ratings owned by Morningstar, to offer ESG data solutions to its global fund services clients. U.S. Bank has integrated Sustainalytics’ research and ratings to support portfolio analysis which enables regulatory compliance and investor and financial reporting capabilities to address regulatory and investor reporting demands.…