Ocorian, a C.I.-based administrator, has appointed Alan Booth as global head of capital markets. Booth joined Ocorian in 2017 and is currently head of its UK offices, a post he will retain. Ocorian’s capital markets business line includes the provision of SPV administration, debt, CLO, escrow, captive insurance/ILS, maritime and aviation services.
Category: Capital Markets
HSBC launches sec lending solution for TTFs
HSBC has launched new custody and fund administration technology and an operating model for tax transparent funds (TTFs), where ‘look-through’ is applied at the share class level for securities lending, in what it claims to be a market first. This approach improves the tax transparency of securities lending opportunities in TTFs for institutional investors, while…
BP2S adds CLSA to broker panel for China-Hong Kong Stock Connect
BNP Paribas Securities Services has confirmed CLSA, the Kong Kong-based subsidiary of CITIC Securities, as the latest partner broker for its multi approved partner broker (MAP) model for the China-Hong Kong Stock Connect scheme. The MAP model allows investors to choose from a variety of brokers whilst benefiting from guaranteed real DvP settlement through internalised…
Carlyle leads new equity investment for Apex
The Carlyle Group has led a preferred equity investment for Apex Group, the Bermuda-based global financial services provider. Apex will use the capital to support ongoing growth and acquisition activities, including its previously announced acquisitions of Luxembourg-based FundRock and Banco Modal’s alternative fund administration business in Brazil. Carlyle recently agreed to buy a majority stake…
BP2S opens agency sec lending desk in Hong Kong
BNP Paribas Securities Services is expanding its market and financing services for clients in Asia Pacific with the launch of a new agency securities lending desk in Hong Kong. This desk will complement existing services offered in Sydney, London and New York. BNP Paribas has appointed Anthony McDonald to head up the Hong Kong agency…
HSBC facilitates new sec lending transactions in mainland China
HSBC has facilitated securities lending transactions conducted by China Asset Management (Hong Kong) Limited in mainland China. The two transactions, executed on the Shanghai Stock Exchange and Shenzhen Stock Exchange, are among the first batch of securities lending transactions via the Qualified Foreign Institutional Investors (QFII) scheme. HSBC is the custodian, providing services including investment…
State Street upgrades Fund Connect client interface
State Street has marked the twentieth anniversary of its Fund Connect platform with a new user interface, featuring the addition of a widget enabled customisable dashboard. Fund Connect is a global trading, analytics and cash management tool with access to more than 400 money market funds.
Bloomberg links BSKT with Brown Brothers Harriman
Bloomberg has established a new streamlined workflow between BSKT, its primary market solution for ETFs, and Brown Brothers Harriman. It claims to be the first real-time solution that provides authorized participants with a single interface for ETF order taking and negotiating ETF baskets. BSKT is a primary market solution for negotiation, ticketing and routing ETF…
Broadridge links LTX corporate bond trading platform to CRD
Broadridge Financial Solutions, the U.S.-based fintech solutions provider, has integrated its new AI-driven digital trading platform, LTX, with Charles River Investment Management Solution as part of a strategy to improve efficiency in the corporate bond market. Broadridge recently appointed Art Certosimo as chairman of LTX.
State Street & SimCorp to partner on EMEA insurance sector solutions
State Street and SimCorp, an investment management solutions and service provider, have announced their intention to form a business partnership to provide a fully integrated, front-to-back investment outsourcing solution for insurance firms in EMEA. EMEA-based insurance companies will have access to SimCorp Dimension’s cloud-based, multi-asset class capabilities, advanced accounting functionality and managed services, together with…