Franklin Templeton, the U.S.-based investment management firm that manages USD1.56trn in assets globally, has agreed with FIS, the U.S. based fintech, that FIS will assume operation of Franklin Templeton’s global TA function as a sub-agent or delegate, depending on the jurisdiction. All Franklin Templeton TA employees affected by this change will be given job opportunities.…
Category: FinTech
State Street partners with RIMES
State Street has struck a deal with RIMES, the U.S.-based data partner for asset managers, asset owners, and service providers, to enhance State Street Alpha, its front-to-back solution. Through this partnership, State Street Alpha clients will benefit from RIMES’ expertise and experience with the global index provider marketplace, leveraging its operational capabilities and infrastructure. This…
Northern Trust partners with Snowflake
Northern Trust and Equity Data Science (EDS), in which Northern Trust has a strategic stake, have collaborated with Snowflake, the data cloud company, to enhance secure data sharing and onboarding for asset servicing clients using Northern’s Investment Data Science capabilities. Leveraging Snowflake’s data-sharing and cloud technology, Northern Trust and EDS can provide a better, faster…
Fred Perard joins SuisseTechPartners
Frédéric (Fred) Perard has joined SuisseTechPartners as head of Europe. STP is a fintech company providing front-, middle- and back-office solutions with a portfolio management system called PMplus. Perard left BNP Paribas Securities Services in 2020, where he was most recently head of Luxembourg and the international financial centres. He will remain in Luxembourg.
IQ-EQ acquires Greyline Partners
IQ-EQ, the Luxembourg-based investor services provider, has acquired Greyline Partners, LLC, a U.S. provider of governance and regulatory compliance solutions for private capital, hedge funds and investors. Founded in 2016, Greyline has 56 people across its six offices located in San Francisco, Dallas, New York, Chicago, Boston and London. Also part of Greyline is GCM…
Confluence strikes deal with FundHero
Confluence, a U.S.-based fintech provider helping the investment management industry solve complex investment data challenges, has secured a multi-year agreement with FundHero S.A., a Luxembourg-based fund service company, that will combine Confluence’s cloud-based Revolution platform with its own technology to provide clients with an exclusive managed software offering. FundHero uses technology and expertise to support…
BNY Mellon adds MSCI ESG ratings to collateral management
Collateral management clients using BNY Mellon‘s electronic collateral schedule manager, RULE, now have the capability to digitally express their ESG preferences by leveraging ESG ratings and indexes. The firm’s U.S. clients are able to take advantage of these same ESG eligibility capabilities by updating their schedules using current U.S. methodology. The functionality draws on MSCI…
Clearwater hires new head of private assets
Clearwater Analytics, a U.S.-based provider of SaaS-based investment accounting, reporting, and analytics solutions, has appointed Jonathan Flitt as global head of private assets. In this capacity, he leads product management, strategy, and execution to deliver platform capabilities and solutions that provide total portfolio transparency for the private markets space. Flitt joins from BNY Mellon, where…
SEI acquires Novus Partners
SEI has acquired Novus Partners, a global portfolio intelligence platform company. Novus’ platform streamlines data management, performance measurement, reporting, attribution and look-through analysis in a single digital tool. Founded in 2007, Novus works with more than 140 clients who collectively manage over USD4trn in assets. Following the acquisition, operations will continue in all four of…
Northern Trust deploys ML to research for asset allocators
Northern Trust has launched a feature within its Front Office Solutions business that uses machine learning to help asset allocators gain better control of their research process. The new feature leverages knowledge of a user’s past behaviour to tag research management documents with intelligently suggested attributes before uploading them to the Front Office Solutions platform.…