Clearwater Analytics, a provider of SaaS-based investment management, accounting, reporting, and analytics solutions, has struck a partnership with BNP Paribas’ securities services business, to offer investment accounting and reporting solutions combined with the bank’s custody services. INTÉRIALE Mutual, a shared client, is already using the combined offering.
Category: Headlines
Confluence partners with FundGuard
Confluence, the technology solutions provider helping the investment management industry solve complex investment data challenges, has formed a partnership with FundGuard, the cloud native, AI-powered, multi-asset class investment accounting platform. The partnership will combine functionality from Unity, Confluence’s fund administration platform, and Revolution, its suite of asset management performance and risk services, with FundGuard’s investment…
Equity Trustees wins new RE mandate
Fort Street Real Estate Capital (FSREC), an Australia-based real estate investor, has selected Equity Trustees as the replacement responsible entity (RE) of the FSREC Property Fund, with assets of over AUD700m (USD470m).
State Street ends agreement with Copper
Copper.co, the UK-based provider of digital asset custody and prime services for institutional clients, is to streamline its business following what it describes as “the present challenging conditions in the digital assets space, an uncertain U.S. regulatory environment and a desire to focus on strategic offerings”. As a result, it has initiated a redundancy process.…
Apex hires for global head of valuation
Apex has appointed Anthony Alfonso as global head of valuation. In this newly created role, he will be responsible for product innovation and service delivery of valuation advisory services. He joins from BDO, the accountancy and advisory firm, where he was most recently global valuation leader in the international capital finance group.
Northern Trust wins CUPE mandates
Northern Trust has been selected by South Shore Regional Centre for Education (SSRCE) and Tri-County Regional Centre for Education (TCRCE), to provide custody and benefit payment services for their CUPE (Canadian Union of Public Employees) Staff and Support Staff defined benefit pension plans. SSRCE is the public-school board for Lunenburg County and Queens County in…
Apex appointed to service NewVest’s PE fund
Apex has been appointed as administrator for NewVest’s inaugural Private Equity 50 Index Fund. U.S.-based NewVest is an institutional, tech-enabled platform of index funds designed to provide investors with diversified, passive exposure to private markets in the same way that ETFs and index funds provide passive exposure to public markets. Apex will provide fund administration,…
CBRE hires RE senior from State Street
Barry Johnson has joined CBRE, the real estate specialist, as head of investment accounting and reporting for the Americas. He was most recently at State Street, where he was head of real assets servicing. He joined State Street in 2012 to lead the real estate fund services lift-out from Morgan Stanley.
IQ-EQ signs with Alpha
IQ-EQ, the Luxembourg-based administrator, has entered into an alliance with Alpha Group, a UK-based fintech, for account opening and currency management solutions. These services will be provided directly by Alpha to IQ-EQ clients.
Torstone hires N.A. head
Torstone Technology, a SaaS platform for post-trade securities and derivatives processing, has appointed Sam Farrell as head of North America. Based in Toronto, he will have oversight of all U.S. and Canadian operations for Torstone. Prior to joining Torstone, Farrell spent the last 35 years in Canadian financial services, most recently at Credit Suisse Canada…