BBH has expanded its markets strategy team with the appointment of Elias Haddad as senior markets strategist. Based in London, he will provide insights and research that help clients navigate and understand the global economy and make informed decisions about their FX strategy. Prior to joining BBH, Haddad spent eight years with the Commonwealth Bank…
Category: Capital Markets
MUFG hires from Credit Suisse
MUFG Investor Services has hired Tim Bulmer as global head of asset-backed fund financing, based in London. He was previously at Credit Suisse.
Waverton outsources to Northern Trust
Waverton Investment Management, a UK-based manager with GBP9.1bn (USD11.6bn) AuM, has appointed Northern Trust to provide outsourced trading services through its Integrated Trading Solutions business. Northern Trust will cover equities, derivatives and fixed income assets as Waverton’s sole provider of trading services. The appointment followed a review by Waverton of its operating model intended to…
Northern hires global head of collateral
Northern Trust has appointed Barney Binder as global head of collateral. Based in London, he reports to Nadia Ivanova, head of business services for the asset servicing business. Binder joins from HSBC, and has also worked at Morgan Stanley.
Citi appoints new FX head
Citi has appointed Diana Shapiro as global head of FX for its securities services business, based in New York. She was previously head of FX & collateral services for North & Latin America.
BNPP strengthens U.S. agency lending team
BNP Paribas has announced three new hires to its agency lending business in the U.S., including the appointment of John Fox as head of U.S. agency lending. Fox was most recently head of client management and sales – North America for BNY Mellon. Based in New York, he will report to Andrew Geggus, global head…
HSBC goes live with Broadridge
HSBC is the latest client to go live on the recently launched sponsored repo solution built on Broadridge’s DLT-enabled distributed ledger repo (DLR) platform. Through DLT and smart contracts, clients can anticipate substantial improvements in settlement costs, streamlined processes, enhanced scalability, and a marked decrease in operational risks. HSBC is the second client to go…
Citi invests in Transcend
Transcend, a U.S.-based provider of liquidity, funding, and collateral optimisation solutions, has onboarded Citi as its latest investor. The investment was made through Citi’s strategic investments arm. Citi’s funding will support Transcend’s ongoing global roll-out of its solutions. Citi as the third global bank to invest in the fintech firm. Additionally, a long-term business agreement…
AirFund gets EUR6m funding boost
Amundi and Indosuez Wealth Management have acquired a stake in AirFund to promote the marketing of private asset funds. AirFund is a digital platform created in 2021 to facilitate the link between management companies and distributors of private markets funds with retail investors It raised EUR6m in a recent funding round jointly led by Amundi…
RBC expands sec lending coverage
RBC Investor Services has expanded its securities lending market coverage to client assets held in Malaysia, its 34th market.