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…
Category: Capital Markets
State Street hires Sam Edwards to head AsPac collateral management
State Street has hired Sam Edwards as head of collateral management for Asia Pacific. Based in Hong Kong, Edwards will report globally to Staffan Ahlner, global head of collateral management, and regionally to Michele Hardeman, head of global markets, Asia Pacific. Edwards joins State Street from Credit Suisse, where he was most recently head of…
State Street hires new head of TM for Asia Pacific
State Street has appointed Elliot Graham as a managing director in the bank’s portfolio solutions team, heading the transition management business in Asia Pacific. Based in Sydney, Graham will report to James Woodward, head of portfolio solutions for State Street Global Markets in Asia Pacific. He was most recently with Macquarie Securities and previously with…
UBS joins Broadridge’s repo platform
UBS has joined the distributed ledger repo (DLR) platform launched by Broadridge Financial Solutions earlier this year. DLR provides a single platform where market participants can agree, execute and settle repo transactions. Under DLR, collateral can be detached from the trade agreement, while the cash remains off-chain. DLR allows for the immobilisation of the underlying…
Andy Clayton retires from Northern Trust
Andy Clayton has retired from Northern Trust after a 35-year career with the firm. Clayton held a number of senior positions with the securities finance and capital markets business lines, most recently as head of Northern Trust’s capital markets division in EMEA. He has also run the global securities lending business. His retirement is the…
EquiLend acquires majority stake in Stonewain
EquiLend, the fintech company for the securities lending, collateral and swaps industries, has acquired a majority stake in Stonewain Systems, an independent provider of software and solutions for the securities finance industry. EquiLend’s stake in Stonewain comes after a two-and-a-half year-partnership for EquiLend Spire.
L&G expands relationship with State Street
Legal & General Investment Management (LGIM) is extending its existing partnership with State Street by expanding its usage of Charles River technology and to deliver middle office servicing. LGIM says that the appointment of State Street, as well as the expansion of its use of Charles River technology across a number of its investment management…
State Street to deploy Canoe’s ML technology for private markets
State Street plans to implement a cloud-based, machine learning technology to transform private markets processing and document management. Through State Street’s partnership with Canoe Intelligence, allocators and managers in the private markets sector will have an integrated experience where traditionally onerous and manual alternative investment workflows will be automated and streamlined, reducing processing time and…
Euroclear appoints Citi veteran as new chairman
Euroclear has appointed Francesco Vanni d’Archirafi as chairman of the Euroclear group boards, subject to shareholder approval. He joins Euroclear from Citi, where he was vice chairman of banking, capital markets and advisory for EMEA. In his 38-year Citi career, Vanni has been CEO of Citi Transaction Services, and Citi Holdings, where he managed the…
Broadridge launches DLT repo platform
Broadridge Financial Solutions, a fintech provider, has gone live with its its distributed ledger repo (DLR) platform. The launch comes after multiple pilots with sell-side and buy-side firms. DLR provides a single platform where market participants can agree, execute and settle repo transactions. DLR allows for the immobilisation of the underlying securities in the repo…