Steven Scally has joined SS&C in the UK as technology solutions director. He had a brief spell at HSBC after working at BNY Mellon for four years.
Category: FinTech
Fundnode launched in Singapore
Marketnode, the Singapore-based joint venture between Temasek and SGX, has launched Fundnode, an industry-wide investment funds utility using distributed ledger technology. Fundnode will begin by streamlining fund processes, facilitating simplified subscription, redemption, and record-keeping workflows for funds offered to retail investors (Authorised Collective Investment Schemes). Pilot phase participants of Fundnode will include fund distributors, fund…
Titanbay links with Apex for ESG ratings
Titanbay, the Luxembourg-based private markets investment platform, has appointed Apex to provide an ESG rating on all new funds added to the Titanbay platform. Under the agreement, a consolidated ESG report will be made available to investors alongside other fund due diligence materials to provide investors with assurances that selected funds meet the highest sustainability…
Davy selects Torstone platform
Davy Capital Markets, a member of the Bank of Ireland Group, has agreed to deploy the post-trade platform from Torstone Technology, a UK-based SaaS platform provider for post-trade securities and derivatives processing. The Davy Group has over 800 people managing >EUR16bn (USD16bn) of client assets, with offices in Dublin, London and throughout the island of…
Hazeltree secures USD14m funding
Hazeltree, the U.S.-based provider of treasury and liquidity management technology for the alternative asset and investment management industries, has secured a USD14m strategic investment. The investment round was led by FINTOP Capital, a venture capital firm focused on fintech B2B SaaS companies, and joined by Hamilton Lane, a leading private markets investment management firm. Rick…
Fairlight selects SS&C
Fairlight Asset Management, an Australia–based global equity manager, has selected SS&C’s Eze Eclipse as its front-to-back investment management platform.
Enfusion loses CEO
Enfusion, a U.S.-based fintech provider of cloud-based investment management software and services, has appointed Oleg Movchan, currently a member of the board, as interim chief executive officer. Movchan succeeds Thomas Kim, who has resigned as CEO and as a director of the company so that he can “spend more time with his family”.
U.S. Bank simplifies alts data reporting
U.S. Bank has launched a suite of lifecycle data metrics, with faster reporting of private equity, hedge fund and other alternative fund data. This capability, designed for custody clients, is made possible by new automated data extraction technology. This new process of pulling essential data from private markets is made possible in part by U.S.…
StonePine selects CIBC Mellon
StonePine Asset Management, a Montreal-based manager with CAD60bn (USD46bn) AuM, has appointed CIBC Mellon to provide asset servicing solutions including fund accounting and administration, global custody, unitholder recordkeeping, and investment information data access and reporting via the NEXEN investment data platform. Earlier this year StonePine signed an agreement with SimCorp, a provider of SaaS investment…
Gen II automates PE sub process
Gen II Fund Services, a U.S.-based independent private capital fund administrator with USD900bn AuA, has launched E-Subdocs, a digital offering that automates the private fund subscription process, significantly improving the investor experience and providing PE managers with real-time information on their fundraising. E-Subdocs, which is powered by Anduin, streamlines fund subscriptions from start to finish.…