Oak Group, the C.I.-based private client, corporate services and fund administration business, has appointed Paul Schreibke as managing director of Oak Funds Services in Guernsey. He joined Oak Guernsey in 2019, as managing director of Oak Trust (Guernsey) Limited.
Category: Headlines
BP2S upgrades triparty collateral management service
BNP Paribas Securities Services has upgraded its triparty collateral management service to support synthetic securitisation and collateralised note structures, bringing greater operational efficiency and protection to those structures. The service will enable the proceeds of notes issuance to be transformed through securities finance transactions – or a cash loan secured with securities – efficiently and…
State Street adds convertibles for P2P lending
State Street has expanded its peer-to-peer securities finance product, Direct Access Lending, which enables direct, principal loans between its lending and borrowing clients. It now enables borrowers to post U.S. convertible bonds as collateral to facilitate the participation of new clients and strategies. The same operational support provided for equity-for-equity loans in Direct Access Lending…
Milestone launches fair value control solution
Milestone Group, the fintech firm owned by BNY Mellon, has launched a new Fair Value Control solution. This new solution is for teams responsible for the administration and compliance of the fair value process and ensuring that funds’ securities are correctly valued in accordance with policy. This solution leverages the pControl funds platform that currently…
HSBC launches multilateral provider platform
HSBC has launched HSBC MarketSpace, a platform that enables clients to access post-trade services and solutions from HSBC and third-party service providers. Users can choose and connect seamlessly to their preferred service providers, with the ability to select products and services best suited to their needs. Instead of having to establish and maintain a complex…
Argenta appoints EFA for risk monitoring
EFA, the Luxembourg-based administrator with >EUR150bn AuA, has been appointed by Argenta Asset Management SA to provide UCITS risk reporting and sanctioned securities monitoring services. UCITS risk reporting is a regulatory reporting solution designed within the context of UCITS regulations and compliance with ESMA guidelines. Sanctioned securities monitoring checks and monitors a portfolio’s positions in…
HornbyChapman recruits new Asia chief
HornbyChapman, the UK-based recruitment firm specialising in the securities services space, has appointed John Barnes as chief representative for Asia. Barnes, formerly global head of HR at Deutsche Bank’s global transaction banking division, will be based in Singapore. He replaces Roger Harrold, who will move to an advisory position.
BNY Mellon expands Custody FX service
BNY Mellon is expanding its Custody FX offering, adding new trading capabilities and evolving from a primarily custody-focused service model into a transparent open architecture that can be leveraged by a variety of client types for their rules-based, end-to-end transaction needs. Effective immediately, clients in the FX trading programs can customise how they trade currencies…
Harbor Capital Advisors appoints State Street for ETF servicing
State Street has been appointed as the servicing agent for Harbor Capital Advisors’ first actively managed fully transparent fixed income ETFs, launched in September in the U.S. The two funds are the Harbor Scientific Alpha Income ETF (SIFI), and the Harbor Scientific Alpha High-Yield ETF (SIHY). State Street will provide various ETF servicing solutions, including…
JTC acquires SALI
JTC, the C.I.-based administrator, has acquired SALI Fund Services, a U.S.-based provider of fund services to the insurance dedicated fund (IDF) and separately managed account (SMA) market. Founded in 2002, SALI provides a turn-key solution for the creation and administration of IDFs and has over USD15.8bn AuM.