Euroclear has launched a U.S. Treasury DVP repo service. The new solution is designed for U.S. Treasury repo market participants operating in the U.S. settling USD transactions. The first trade was completed between Euroclear Bank and Toronto Dominion Bank London. The service offers cash lenders similar operational efficiency for DVP repo transactions as triparty repo…
Category: FinTech
ZILO hires head of wealth
ZILO, the UK-based fintech specialising in global asset and wealth management software, has appointed Doug Boyce as managing director, wealth. He reports to Phil Goffin, CEO and founder at ZILO.
Mondrian partners with FundGuard
Mondrian Investment Partners is partnering with FundGuard, the cloud-native, AI-enabled investment accounting platform, as part of its initiative to modernise its investment operations platform. FundGuard’s solution includes real-time investment accounting, ABOR and IBOR, as well as general ledger capabilities for both funds and separately managed accounts, across equities, fixed income and derivatives.
iCapital to acquire Passthrough
Passthrough, the fintech focused on the alts sector, is to be acquired by iCapital, the fintech platform for alternative investments.
Saphyre hires new COO
Saphyre has hired Damian Handzy as COO. Prior to joining Saphyre, he was managing director of analytics at Confluence Technologies, where he led the performance, risk and reporting businesses. He replaces Ray Shivers, who joined in 2022 from BlackRock. He will take on a new role as chief partnership officer, focused on expanding and strengthening…
Gen II upgrades waterfall solutions
Gen II has appointed Beverly Shealy as head of waterfall solutions. She was previously at J.P. Morgan. Gen II has signed a long-term licensing agreement with S7 Fund Ops, a provider of automated waterfall solutions for private capital funds.
Pielow returns to Taskize
Taskize, the investment operations collaboration platform owned by Euroclear, has hired Ben Pielow as senior sales executive. Most recently, he was director of strategic accounts at Genesis Global, a software application development business backed by Bank of America, BNY and Citi.
BBH partners with SimCorp
BBH has struck an alliance with SimCorp, the Deutsche Börse-owned fintech, to address the needs of global asset managers requiring an integrated, end-to-end technology, data, and services solution. The solution uses BBH Infomediary to integrate SimCorp One’s front and middle office capabilities, including a real-time IBOR provided by SimCorp’s managed business services, with BBH’s fund…
OCBC deploys Citi’s sec lending platform
OCBC Group, the Singapore-based bank, has deployed the Citi Securities Lending Access platform, to roll out a securities lending programme. The programme is available to retail and corporate customers of OCBC Securities, as well as clients of its private banking arm, Bank of Singapore,
BNY loses senior AO manager
BNY has lost a senior manager from its already underpowered asset owners team. Anders Reinertsen, who was head of the asset owners sector for the Americas, has joined Clearwater Analytics as market principal for asset owners, based in New York.