American Equity Investment Life Holding Company plans to migrate its USD5.4bn commercial, agricultural and residential mortgage loan portfolio to Precision LM, SS&C’s loan management platform, which will automate loan servicing, operations and regulatory reporting for the Des Moines, Iowa, insurer. Precision LM will support multiple loan types for American Equity, including 800 commercial mortgages and…
Category: Headlines
Sanne appoints new head of Hong Kong
Sanne, the UK-listed alternatives provider, has appointed James Russell as head of Hong Kong. Before joining Sanne, he spent 17 years with IQ-EQ, and has been based in Asia since 2014.
BetaShares hires Citi for custody & fund admin
Citi has been appointed by BetaShares, an Australian fund manager, as provider of custody and fund administration services. BetaShares is said to manage the broadest range of ETFs in the Australian market, with AUSD21bn (USD15.5bn) AuM. In Australia, Citi has added 24 new clients in the past 18 months, primarily as a result of a…
Crestbridge hires new fund services AD for Lux
Crestbridge, the C.I.-based administrator, has appointed Svitlana Dobrovolska as associate director, fund services. She will be responsible for overseeing the delivery of fund services through Crestbridge’s Luxembourg office. She joins from Aztec.
BNP Paribas signs PB client referral agreement with Credit Suisse
BNP Paribas has signed a referral agreement with Credit Suisse to support its prime services and derivatives clearing clients in their selection of alternative providers after Credit Suisse announced its exit from the prime services business. This follows BNPP’s 2019 agreement to acquire Deutsche Bank’s electronic equities and prime brokerage business.
Baillie Gifford selects FINBOURNE’s LUSID for IBOR
Baillie Gifford, a UK-based investment partnership with GBP352bn (USD486.8bn) AuM, has selected FINBOURNE Technology’s investment data management platform, LUSID, as the IBOR solution for its global investment operations. The platform will deliver a consolidated source of real-time investment data across Baillie Gifford’s equity, fixed income and multi-asset portfolios. FINBOURNE’s SaaS solution will provide a virtual…
Clayton Da Silva joins FAB in senior client management role
Clayton Da Silva has joined First Abu Dhabi Bank as head of securities services client management, based in Abu Dhabi. He was previously at Northern Trust, and has also worked for J.P. Morgan and BBH.
Cesar Estrada joins Arcesium
Cesar Estrada has joined Arcesium, a U.S.-based fintech and administrator that is partly backed by J.P. Morgan, as its private markets segment head. He was previously at State Street.
JTC to service new OZ fund
JTC Americas has been appointed to provide fund administration services for RevOZ Fund III, LP, a fund facilitated by RevOZ Capital, a U.S.-based opportunity zone platform focused on high-impact real estate developments in OZ communities across the country.
CRD names new head of EMEA
Charles River Development, a State Street company, has appointed Caroline O’Shaughnessy as head of EMEA, where she will be responsible for all business oversight within the region. She joins from The London Stock Exchange Group, where she was chief client officer, global head of sales and marketing for its information services division, and group head…