Northern Trust has been selected to provide asset servicing and asset management solutions to the newly–launched reinsurance firm, Mereo Insurance Limited, based in Bermuda. Northern Trust will provide custody services and institutional brokerage solutions, serving as broker for Mereo’s trade execution needs. Additionally, Northern Trust Asset Management will manage a portion of Mereo’s fixed income…
Category: Headlines
Wesleyan expands with SS&C
Wesleyan Assurance Society, a UK-based financial services mutual, has partnered with SS&C to develop its digital-first wealth management platform. The platform builds on Wesleyan’s long-term relationship with SS&C, which has served as the transfer agent for the Wesleyan Unit Trust Managers range of funds for over 20 years. Wesleyan has selected SS&C Hubwise to deliver…
BNPP adds collateral management solution
BNP Paribas has launched the Schedule Manager on its NeoLink client platform, a new triparty collateral management solution that enables clients to enhance collateral optimisation. The Schedule Manager, the latest module of in its triparty collateral suite of tools and services, enables its clients to define, update, monitor and share their collateral schedules, in a…
Suntera supports PCC fund launches
Suntera Global, a C.I.-based provider of fund, corporate, and private wealth services, has been appointed as the fund administrator of a newly incorporated Protected Cell Company (PCC), initially establishing two Guernsey-domiciled investment fund cells launched by Thornbridge Investment Management. The initial cells will be launched as Green Fund Cells under Guernsey’s Green Fund framework, and…
FundApps links with Aladdin
FundApps, a fintech focused on shareholding disclosure monitoring, and Aladdin, BlackRock’s technology business, have formed a partnership to integrate FundApps’ compliance service with the Aladdin platform.
UniSuper mandates BNPP for data services
BNP Paribas has won a data management mandate from UniSuper, one of Australia’s largest superannuation funds. UniSuper will deploy BNY’s recently launched Data PRISM360 data management solution. The service will offer a more holistic fund view, leveraging the Investment Data Solution of NeoXam, a provider of financial data software. BNPP will deliver a range of…
CACEIS hires ETF specialist from BBH
Eamonn O’Callaghan has joined CACEIS as ETF group product manager, based in Ireland. He has 25 years’ experience within the financial services industry, most of which has been working with ETF issuers. He previously held the position of head of European ETF product with Brown Brothers Harriman and prior to this worked with BNY, HSBC…
Clearwater wins in UK
Clearwater Analytics, the fintech provider for the investment management sector, has been selected by Pool Re, the UK’s terrorism reinsurer overseeing more than GBP7.2bn (USD9.7bn), has selected Clearwater to modernise its investment operations, accounting, and risk management infrastructure. Pool Re is the insurance industry’s mutual for reinsuring terrorism risk in the UK and is an…
Ultimus supports interval fund launch
Ultimus, the U.S.-based independent provider of fund administration, accounting, and investor solutions, has supported the launch of OneAscent Capital LLC’s first interval fund, OneAscent Capital Opportunities Fund. With the support of Ultimus’ retail alternatives experts, the interval fund was structured to leverage efficiencies with OneAscent’s existing product offerings, a family of ETFs under Ultimus’ series…
BNY to support new stablecoin from SG-FORGE
Société Générale-FORGE (SG-FORGE), an integrated subsidiary of the group dedicated to crypto assets, is to launch a new stablecoin, the USD CoinVertible, on both the Ethereum and Solana public blockchains (ticker: USDCV). BNY will act as reserve custodian.