Matthew Yazdi has been appointed as head of investor services technology for Citi. He is based in New York. He joined from BNY Mellon.
Category: FinTech
AP3/AP4 retool with SimCorp
The third and fourth Swedish National Pension Funds (AP3 & AP4) have completed a comprehensive modernisation of their system infrastructure through a new, integrated front-to-back solution from SimCorp. This replaces multiple systems that support the entire workflow – from analysis and order placement to portfolio management, risk, performance, compliance, and financial reporting. The transition to…
CWAN to be acquired
Clearwater Analytics, the U.S.-based accounting fintech, has entered into a definitive agreement to be acquired in a transaction valued at approximately USD8.4bn by an investor group led by Permira and Warburg Pincus, with participation from Temasek. The investor group has support from Francisco Partners. The CWAN board of directors has approved this transaction. Permira recently…
Al West steps down from SEI
Alfred (Al) West, Jr., SEI Investments’ founder and executive chairman of the board, has stepped down from his role as a director and board chair as part of a planned transition effective Jan. 1, 2026. The board has appointed Carl Guarino, an independent director of SEI’s board since 2014, as chairman. West will become chairman…
DTCC partners with Digital Asset & Canton
DTTC has partnered with Digital Asset and the Canton Network to enable the tokenisation of DTC custodied assets on the Canton Network. The partnership follows DTC’s recent receipt of a No-Action Letter from the SEC to implement and operate a new service to tokenise real-world, DTC-custodied assets. Through this partnership, DTCC plans to enable a…
SimCorp moves ahead with alts business
SimCorp, the Deutsche Börse-owned fintech, has appointed Hugues Chabanis to the newly-created role of head of SimCorp Alternatives, as the company focuses on the growing importance of innovative solutions within private markets. Chabanis, who has been with SimCorp for 10 years, will also become COO of Domos by SimCorp, the Paris-based organisation SimCorp acquired earlier…
DTC to tokenise real-world assets
DTC, a subsidiary of DTCC, has received a No-Action Letter from the Securities and Exchange Commission to offer, under federal securities laws and regulations, a new service to tokenise real-world, DTC-custodied assets in a controlled production environment. DTC anticipates beginning to roll out the service in the second half of 2026. The No-Action Letter authorises DTC…
SimCorp appoints CPO
SimCorp, the Deutsche Börse-owned fintech, today has appointed Iyan Adewuya to the newly-created role of chief product officer. He will be based in New York, reporting to Marc Schröter, chief product & technology officer. Most recently, he was head of product for enterprise and private markets solutions at S&P Global Market Intelligence. Prior to S&P…
FactSet and Arcesium join forces
FactSet, the digital financial platform and enterprise solutions provider, has partnered with Arcesium, an investment administrator in which J.P. Morgan has a stake, to deliver a unified investment management offering designed to integrate front, middle, and back-office asset management workflows across public, private, and alternative markets. Integrating analytics engines, data pipelines, and AI-powered workflows, this…
Covercy partners with NAV
Covercy, a provider of end-to-end investment management solutions for commercial real estate, has formed a partnership with NAV Fund Services, a U.S.-based administrator with USD350bn AuA. The partnership combines Covercy’s integrated investment management and banking platform with NAV’s fund administration capabilities, providing clients with a full-service solution for fund accounting, reporting, and investor servicing. The…