State Street has appointed Henry Quek to head the global markets business for Asia Pacific. Based in Singapore, he has oversight of FX, securities finance and portfolio solution businesses across the APAC region. Quek joined State Street in 2004.
Category: Capital Markets
Northern Trust makes senior management changes
Northern Trust has appointed John Turney as global head of Front Office Solutions. Turney, who has led the foreign exchange business (GFX) since 2018, reports to Melanie Pickett, head of asset owners, Americas. Marisa Kurk replaces him as head of GFX. Kurk joined Northern Trust as chief operating officer for GFX in 2019 and was…
Northern Trust teams up with Commcise
Northern Trust has enhanced the commission management process for its Integrated Trading Solutions clients through a collaboration with Commcise, a provider of cloud-based software solutions, including commission management and aggregation services, research valuation, consumption tracking and share-of-wallet reporting. The Commcise platform provides managers with automated soft dollar reconciliation, invoice/contract management, commission targeting, broker voting, commission…
DB transacts first two ESG repos
Deutsche Bank’s New York agency securities lending team has transacted its first two ESG off balance sheet investments. The trades, which amounted to USD550m, were transacted on behalf of two of the bank’s U.S. based state pension fund clients which aimed to demonstrate their commitment to tackling climate change, ensuring gender diversity, better working conditions…
Nexo launches PB platform
Nexo, a regulated institution for digital assets, has launched Nexo Prime, a proprietary prime brokerage platform that enables institutional, corporate, and high-net-worth investors to trade, borrow, lend, and securely store their digital assets through a single product. Nexo Prime’s custody framework combines solutions from BitGo, Fireblocks, Ledger Vault, and Fidelity Digital Assets. All digital assets…
Sharegain raises USD64m
Sharegain, a UK-registered securities finance fintech, has raised USD64m in a series B round led by WestCap and joined by Citi, EJF Capital LLC and Optiver PSI. Participating existing investors include Maverick Ventures Israel, Blumberg Capital, SixThirty, Rhodium, and the Kessler family office.
Charles River partners with Precisely
Charles River Development, a State Street company, has formed an alliance with Precisely, a data integrity specialist. Precisely’s data governance solution, Data360 Govern, will be incorporated into the State Street Alpha data platform to provide streamlined governance, lineage, and cataloguing capabilities.
Charles River partners with LedgerEdge
Charles River Development, a State Street company, has partnered with LedgerEdge to provide investment managers with access to corporate bond liquidity from the LedgerEdge ecosystem through the Charles River inventory hub and order and execution management system (OEMS). LedgerEdge uses DLT to modernise institutional-grade trading services and protocols. Charles River’s inventory hub delivers an aggregated,…
Sandie O’Connor joins BNY Mellon’s board
BNY Mellon’s board of directors has elected Sandie O’Connor as an independent director. With the addition of O’Connor, the board will have 13 directors, 12 of whom are independent. O’Connor retired as the chief regulatory affairs officer for JPMorgan Chase, where she set the firm’s regulatory strategy and led engagement with G-20 policymakers. Prior to…
State Street deploys DLT for FX margin calculation
State Street, alongside Vanguard and Symbiont, have jointly completed the margin calculation process for a live trade of a 30-day foreign exchange forward contract through the use of Assembly, Symbiont’s distributed ledger technology. The firms have been actively exploring the application of blockchain technology to undertake margin processing for FX forwards and swaps, with the…