SIX Digital Exchange has appointed David Newns as CEO, replacing Tim Grant, who is moving to Galaxy Digital. Newns joins from State Street, where he was global head of GlobalLink Execution Services, which includes the FXConnect and Currenex trading platforms.
Category: FinTech
Preqin acquires Colmore
Preqin, the UK-based provider of alternative assets data, analytics and insights, has acquired Colmore, a private markets technology, services, and administration business. Colmore’s solutions include LP portfolio monitoring, analytics, fee tracking and validation, and fund administration services for its allocator clients. Colmore monitors more than 3,000 private market funds and more than 40,000 holdings.
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…
BNY Mellon wins award for best workplace for innovators
Whilst it is my editorial policy not to feature news about industry awards – most of which are worthless – this one is notable, as it demonstrates how far BNY Mellon has come in the last three years. BNY Mellon has been named one of Fast Company’s Best Workplaces for Innovators for 2021. This annual…
GK8 partners with Securrency
GK8, an Israel-based cybersecurity and digital asset custodian, has partnered with fintech company Securrency to provide banking clients with institutional-grade blockchain services. The partnership centres around GK8’s enterprise-grade custody solutions, which will become available to Securrency’s clients as it builds its tokenisation infrastructure. Securrency’s main focus is tokenising real-world assets such as stocks, commodities and…
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.
Wyn James joins Burgiss to head AsPac client coverage
Burgiss, a provider of data, analytics and technology solutions for private capital investors, has appointed Wyn James as head of client coverage for Asia Pacific. Based in Singapore, he will report to Jay McNamara, president of Burgiss. He has spent the last nine years in a variety of financial technology roles, including his most recent…
State Street partners with Lukka for crypto asset admin
State Street is to provide digital and cryptocurrency asset fund administration capabilities for the firm’s private funds clients in partnership with Lukka, a crypto asset data and software provider. State Street will support its private fund clients with collection, standardisation, enrichment, reconciliation, processing and reporting related to crypto and other digital assets. The partnership comes…
Hill Country appoints Arcesium/J.P. Morgan
Hill Country Asset Management, a U.S.-based alternatives manager, has appointed Arcesium LLC, a financial technology and professional services firm, to deploy Arcesium’s joint offering with J.P. Morgan’s Securities Services. Arcesium will provide technology and services for enterprise data management, internal books and records, reconciliation, and treasury workflows, and J.P. Morgan will act as Hill Country’s…
GSAM appoints Enfusion for AIMS business
Goldman Sachs Asset Management’s alternative investments & manager selection business (AIMS), has appointed Enfusion, a U.S.-based fintech focused on the investment management sector, to provide investment management technology solutions and middle- and back-office managed services. Enfusion created a customised solution via API so that AIMS can import data into the Enfusion platform in real-time, providing…