U.S. Bank has appointed Kai Sakstrup as chief product officer for its Wealth, Corporate, Commercial and Institutional Banking (WCIB) division. Sakstrup previously served as chief strategy officer for U.S. Bank for more than six years. He joined U.S. Bank in 2015 as senior vice president of corporate strategy. He replaces Christine Waldron, who recently joined…
Category: Headlines
Chansky joins SS&C
Neal Chansky has joined SS&C as head of the registered funds business, based in the U.S. Chansky was most recently global head of consultant relations at BNY Mellon, and previously spent 10 years at State Street.
FundGuard expands to London
FundGuard, the provider of a cloud-native SaaS investment accounting platform, has opened a London office. It has also appointed Antony Slee as sales director and Ravi Patel as sales engineering director to lead local commercial initiatives. Both Citi and State Street are investors in FundGuard.
AccessFintech appoints president & COO
AccessFintech, the provider of real time data and insights across financial markets, has appointed Gayatri Raman as president and COO, and a member of the AccessFintech board. In this role, Raman will report to co-founder and CEO Roy Saadon. She joins from Clearwater Analytics, where she was president of Europe and Asia.
Citi creates services business line
Citi had undertaken a significant reorganization of its senior management team under Jane Fraser, CEO. Amongst the changes is the creation of a Services unit, comprised of the firm’s treasury & trade solutions business (TT&S) and its securities services business, led by Okan Pekin. Shahmir Khaliq, formerly head of TT&S, heads the new unit. Prior…
Citi to support BBX
Citi has become the first digital custodian participant of BondbloX Bond Exchange (BBX), the world’s first fractional bond exchange using distributed ledger technology. BBX was launched in 2020 to simplify bond investing by allowing investors to track and trade bonds electronically. The partnership enables Citi’s clients that meet certain criteria to become BBX participants and…
Citi gains FMDB approval in China
Citi China has received approval from the Shanghai Futures Exchange (SHFE) and International Energy Exchange (INE) to act as a futures margin depository bank (FMDB) for its QFI clients to trade commodity futures on the SHFE and INE. Citi says it is the first American bank to receive this approval.
SGSS chosen by Altarea
Société Générale Securities Services has been selected by Altarea Investment Managers as provider of trustee and recordkeeping services for its first retail fund (Société Civile de Placement Immobilier – SCPI). SGSS will also provide a bank guarantee specific to the SCPI as required by the regulator. Established in 2022 by Altarea Group and approved by…
Admina selects LemonEdge
LemonEdge, which provides a platform for managing private markets fund and portfolio accounting, has been selected by Admina Fund Services as its accounting solution. Guernsey-based Admina is a specialist administrator for closed ended funds.
Pirum links with FIS
Pirum, the UK-based fintech specialising in the securities finance sector, has launched a service for connectivity and interoperability to automate recalls and callback messages. FIS Securities Lending Processing Platform (formerly Loanet) users can now connect to their counterparties using Pirum’s post trade services or the FIS platform, providing full interoperability and network coverage across the…