CI Financial Corp., the Canada-based manager with c. CAD518.1bn (USD368bn) in client assets, has entered into a definitive agreement with an affiliate of Mubadala Capital, the alternative asset management arm of Mubadala Investment Company, to take CI private in a transaction that values CI’s equity at c. CAD4.7bn (USD3.3bn) and implies an enterprise value of…
Category: FinTech
BNY integrates collateral platforms
BNY has integrated its LendingLite service with its new CollateralOne for buy-side platform, which expands its triparty offering for the buy-side by connecting clients to other areas of BNY’s ecosystem, helping clients centralise how they manage their collateral and financing activities, while providing the option of specials-only lending. Connecting BNY’s LendingLite service with the CollateralOne…
Montis hires senior managers
Montis Group, the Luxembourg-based fintech focused on the development of DLT-based post-trade solutions, has hired Steve Smith as COO. He previously served as COO at Linear Investments. Terry Gibson also joins as head of product. His previous roles include head of post trade solutions at LSEG Technology, head of product management at SGX, executive director…
BNY hires for D&A
BNY has hired two senior managers for its data & analytics business. Jay Hinton joins from Forge as global head of product, and Muthian Ratinasabapati joins from AWS as global head of services.
Phoenix deploys Allvue
Phoenix Fund Services Group, LLC, a woman and minority owned and led fund administration provider, has selected Allvue Systems to enhance its fund administration services. Phoenix is now live with Allvue’s fund accounting and investor portal solutions.
BBH partners with BestX
BBH has partnered with BestX, the State Street-owned FX TCA vendor, to provide its currency administration platform users with independent TCA. This will improve transparency through independent execution analysis, adding to BBH’s existing FX hedging solutions, which include multi-bank agency execution and performance analytics.
Apex partners with 1fs Wealth
1fs Wealth, a UK-based global wealth intelligence provider, has established a strategic partnership with Apex. 1fs Wealth’s AI-driven platform enables wealth owners to consolidate their assets, control risk, manage ownership and derive insights around their portfolio. Through the partnership, Apex clients will have access to 1fs Wealth’s digital infrastructure, which has the potential to help…
Taskize appoints CEO
Taskize, the Euroclear-owned fintech, has appointed Diederik Geeraerts as CEO. He was most recently, global head of client service within Euroclear Bank and deputy branch manager of Euroclear’s Poland branch office. James Pike, currently Taskize’s interim CEO, will assume the role of chief revenue and business strategy officer. He replaced Philip Slavin, who decided to…
Pirum extends Euroclear linkages
Pirum, the fintech for securities finance and collateral management, has extended its CollateralConnect service integration with Euroclear’s triparty collateral management platform to support mutual clients’ collateral optimisation needs. The extended connectivity between Pirum and Euroclear allows mutual clients to direct collateral allocations to Euroclear’s triparty collateral management environment. To determine their optimal collateral allocation, mutual…
CBAM upgrades with SEI
Close Brothers Asset Management and SEI have formed a partnership to support CBAM’s operational transformation and growth. CBAM will adopt the SEI Wealth Platform (SWP) and SEI Data Cloud, which provides access to real-time data and analytics to leverage a fully integrated technology and operational outsourcing solution. A number of CBAM employees will also join…