Ultimus Fund Solutions, an independent U.S.-based administrator, has hired Donald Colombo as senior vice president of business development. He will focus on supporting the firm’s growth in registered fund services in the institutional asset manager space, as well as growing Ultimus’ outsourced middle office presence. He joins from corfinancial, and has previously worked at Citi…
Category: Headlines
BNY Mellon invests in Coin Metrics
Coin Metrics, a provider of crypto financial intelligence, has raised USD35m in Series C financing, led by Acrew Capital and BNY Mellon. Goldman Sachs, Fidelity Investments, Highland Capital Partners, Avon Ventures and Morningside Technology Ventures are continuing their investments in the company after participating in previous fundraising rounds. They are joined by new investors Cboe…
HSBC appoints new ANZ head for M&SS
HSBC has appointed Nick Wheeler as head of markets and securities services for Australia and New Zealand. Wheeler has been at HSBC since 2004. Earlier this year HSBC hired Sinclair Scholfield from State Street to head securities services sales and client management for Australia and New Zealand.
IQ-EQ hires new CCO for APAC
David Kim has joined IQ-EQ, the Luxembourg-based investor services provider, as chief commercial officer for APAC, based in Singapore. He joins from Northern Trust, where he was head of client relationship management for south-east Asia.
Nexo launches PB platform
Nexo, a regulated institution for digital assets, has launched Nexo Prime, a proprietary prime brokerage platform that enables institutional, corporate, and high-net-worth investors to trade, borrow, lend, and securely store their digital assets through a single product. Nexo Prime’s custody framework combines solutions from BitGo, Fireblocks, Ledger Vault, and Fidelity Digital Assets. All digital assets…
Rathbone signs with Charles River
Rathbone Funds (Rathbone Unit Trust Management Ltd), the UK-based subsidiary of Rathbones Group Plc, has selected the Charles River Investment Management Solution to support its equity, fixed income and multi-asset portfolio management, including managing its securities and investment data on the State Street Alpha Data Platform. Mike Webb, chief executive of Rathbone Unit Trust Management…
BP2S extends broker-to-custody offering
BNP Paribas Securities Services has expanded its broker-to-custody offering and has added Spuerkeess, a Luxembourg-based bank, to the platform. The broker-to-custody solution, which was previously offered only in the U.S. and APAC, is now available across Europe, further to the bank’s recent expansion in equities flow trading in the region. Using BNP Paribas’s open architecture,…
SimCorp & SGSS extend partnership
SimCorp, the Europe-based provider of SaaS investment management solutions, and Société Générale Securities Services (SGSS) have extended their partnership until 2028 to promote front-to-back solutions for asset managers. The new contract includes a broad scope of new activities, including additional front office and ESG functionalities for CrossWise, SGSS’s front-to-back integrated suite which leverages SimCorp Dimension’s…
Alpha adds to NatWest mandate
NatWest Trustee and Depositary Services (NWTDS) has expanded its partnership with Alpha Real Capital after being mandated to provide depositary services for its Long Income Funds range, which includes a GBP2.1bn Index Linked Income Fund which invests in portfolios of UK ground rent assets to provide a long-term secure and predictable inflation-linked income stream with…
Al West to step down as SEI CEO
SEI has selected Ryan Hicke, currently executive vice president and chief information officer, to become the company’s next chief executive officer and a member of its board of directors, effective June 1, 2022. Hicke will succeed founder Al West, Jr., who is transitioning to the role of executive chairman after leading and growing SEI for…