Northern Trust has announced two fintech collaborations. First, it has established a relationship with Enfusion, a U.S.-based provider of cloud-native investment management software and services, to provide portfolio management, order and execution management system, and analytics capabilities to mutual clients. Through this collaboration, Enfusion and Northern Trust will offer asset manager, hedge fund and internally…
Category: Headlines
J.P. Morgan launches data platform
J.P. Morgan’s securities services business has launched Fusion, a data platform that delivers end-to-end data management and reporting solutions for institutional investors. Fusion will allow clients to integrate and combine data from multiple sources into a single data model that delivers the benefits of scale and reduced costs, along with the ability to more easily…
MUFG appoints head of new Cyprus office
MUFG Investor Services has appointed Yannis Matsis as managing director and head of the Cyprus office, the firm’s new operational centre located in Limassol, Cyprus. Matsis will be responsible for oversight of the firm’s local asset servicing footprint, growth within the local Cypriot market, and business expansion activities in Europe and the Middle East. Matsis…
Aztec supports new Advent tech fund
Aztec, the C.I.-based administrator, has supported longstanding client, Advent International, with the fundraising activities and final close of its second dedicated technology fund, Advent Global Technology II. The fund exceeded its USD3bn target by 33pct. Advent Tech II is double the size of its predecessor, Advent Tech. Aztec assisted with investor onboarding and will continue…
IQ-EQ hires head of depositary
IQ-EQ has appointed Thomas Korteweg as head of depositary. He is based in the Netherlands. Korteweg joins from CACEIS.
Equity Trustees appoints NED for UK ACD business
Tim Callaghan has been appointed as an independent non-executive director to the board of the Equity Trustees independent authorised corporate director business in the UK. Equity Trustees Fund Services provides independent fund governance, risk and compliance, product development and regulatory reporting services to investment managers, from locations in Melbourne, Sydney, London and Dublin. Callaghan was…
State Street makes senior management changes
State Street has made senior management changes. Lou Maiuri, currently COO, has been appointed as president and head of Investment Services and Eric Aboaf, CFO, to vice chairman. Maiuri and Aboaf will both continue to report to Ron O’Hanley, chairman and chief executive officer. Maiuri now has end-to-end responsibility for all facets of State Street’s…
Aizawa AM extends relationship with Apex
Apex Group has extended its longstanding relationship with Aizawa Asset Management (AAM) to provide services to its new Cayman fund, Ariake Secondary Fund III LP. Apex will provide fund administration and regulatory services to ASF-III, having serviced AAM’s Ariake Secondary Fund I LP and Ariake Secondary Fund II LP since 2015. AAM, a Japanese alternative…
Northern Trust appoints KSA country head
Northern Trust has appointed Kholoud Al Dosari as country head for Northern Trust in Saudi Arabia. Based in Riyadh, Al Dosari oversees the strategic development, business growth and operations of Northern Trust’s asset servicing business in the country. Prior to joining Northern Trust, Al Dosari had served as non-executive independent board member for Northern Trust…
Citco hires two senior managers
Michael Gallo has joined Citco as an EVP on the hedge fund relationship management team, based in the U.S. He previously spent 13 years at BNY Mellon. Separately, Ainun Ayub has joined Citco as global product head for real assets, based in the UK. She was previously at BBH, where she was responsible for product…