Zodia Markets, a UK-headquartered digital asset trading business backed by Standard Chartered, has agreed with Elwood Technologies, a provider of digital asset execution and portfolio management software, to acquire Elwood Capital Management Ltd, Elwood’s digital asset OTC trading business based in Jersey, C.I., and regulated by the Jersey Financial Services Commission. Following completion of the…
Category: FinTech
Bonanno moves to Citi Wealth
Joe Bonanno has been appointed global head of data analytics and innovation for Citi’s wealth management business. Bonnano, who joined Cit in 2022 as global head of data, digital and innovation for the securities services business, spent almost 12 years with Morgan Stanley’s wealth management unit.
BNY & BlackRock to support AIA
BNY has struck an agreement with AIA and BlackRock. AIA will implement BlackRock’s Aladdin platform, with BNY’s investment operations and data management services and technology, to create a connected and scalable ecosystem to support AIA’s investment activities. AIA and its subsidiaries are the largest independent publicly listed pan-Asian life insurance group. It had total assets…
IDR expands in U.S.
IDR, the private markets onboarding hub, has expanded its U.S. presence with additional hires. Brian Hwang joins IDR as commercial development director. Based in New York, he was previously at Visible Alpha, where he was global head of partnerships. Rory Blazeby, head of CRM, will also spend the remainder of the year in the U.S.…
Tetragon works with HUB
Tetragon, a C.I.-based asset management business, has deployed HUB Position Oversight, a SaaS solution that creates a unified view of portfolio data across internal and external systems for month-end NAV reporting processes. The solution onboards data from multiple systems, enabling Tetragon to automate position matching and streamline exception management through embedded workflow. HUB is a…
Pirum hires U.S. sales director
Pirum, the fintech focused on securities finance and collateral management, has appointed Richard Marquis as director, sales, North America. Based in New York, Marquis joins Pirum from MUFG Securities, where he ran the securities finance regulatory project for 10c-1a compliance. He has also worked at BNY, J.P. Morgan and UBS.
AccessFintech hires product head from J.P. Morgan
AccessFintech, the provider of real-time data insights across financial markets, has appointed Naveen TV as head of product. He most recently spent 12 years at J.P. Morgan as global head of data strategy and AI. He has also served as a board director at Saphyre and AccessFintech.
BlackRock to acquire Preqin
BlackRock has agreed to acquire Preqin, an independent provider of private markets data, for GBP2.55bn (USD3.2bn) in cash. The combination of Preqin with eFront, Aladdin’s private markets solution, brings together the data, research, and investment process for fund managers and investors across fundraising, deal sourcing, portfolio management, accounting, and performance. Preqin will also continue to…
Goldman Sachs supports AI ETF launch
Goldman Sachs has won the first fund launched by a client in EMEA through the Goldman Sachs ETF Accelerator platform with the listing of a new AI-driven equity ETF on the German market. The AI-Enhanced Eurozone Equities UCITS ETF is aimed at institutional and semi-institutional investors, as well as private investors. Ultramarin GmBH, a tech…
Baird selects Confluence analytics solution
Baird, the employee-owned, international wealth management, asset management, investment banking/capital markets and private equity firm, has selected PARis, the portfolio analytics solution from Confluence. PARis will enable Baird to service its institutional clients with data aggregation efficiencies, analytics, and flexible reporting capabilities to support different institutional client types on a single platform. With PARis, data…