HQLAᵡ, the Luxembourg-based fintech provider, has secured EUR14.4m Series B funding from BNY Mellon, Goldman Sachs, BNP Paribas Securities Services, Citigroup and its existing shareholder, Deutsche Börse. The funding will be used to accelerate the core premise of the HQLAᵡ platform – helping the industry address European collateral fragmentation by extending its connectivity to leading…
Category: Headlines
Crestbridge hires Tim Ridgway for governance services
Crestbridge, the C.I.-based provider of corporate and fund services, has appointed Tim Ridgway as a director in the governance services team. Based in Jersey, he will act as a fiduciary for alternative investment funds and fund management firms, with responsibility for the management and oversight of client structures. He joins from Bletchley Park Asset Management,…
Cooper Wood adds Glen Townsend as independent associate
Glen Townsend, formerly senior client director at Aberdeen Standard Investments in London and Luxembourg, has become an independent senior associate of Cooper Wood & Associates, the UK-based asset servicing consultancy.
Arti Sharma resurfaces at MJ Hudson Amaces
Arti Sharma has joined MJ Hudson Amaces, the FX and custodian benchmarking service, as a managing director, based in Canada. Sharma was one of the leading names in the North American custody industry before she stepped down from her role as president and CEO of Northern Trust Canada in 2020. She was also an executive…
Farah Ballands steps down as CEO of Ocorian
Farah Ballands has decided to step down as CEO of Ocorian, the C.I.-based administrator, after only a year in the job. Ocorian’s chairman, Frederik van Tuyll, will take over her responsibilities. Ballands led Estera before its acquisition by Ocorian in 2020.
State Street joins industry collaboration on new ops tech for asset managers
PIMCO, Man Group, IHS Markit, State Street, Microsoft and McKinsey & Company have announced their intention to form a new UK-based technology-led company, HUB, to build a cloud-based operating platform aimed at transforming asset managers’ operations technology. The company selected Microsoft as its technology platform provider to empower HUB to develop its asset management operating…
U.S. Bank acquires debt servicing & securities custody services client portfolio of MUFG Union Bank
U.S. Bank has entered into a definitive agreement to purchase the debt servicing and securities custody services client portfolio of MUFG Union Bank, N.A. Under the terms of the agreement, U.S. Bank will acquire approximately 600 client relationships and USD320bn AuC/A. The deal is expected to close in the first quarter of 2021, subject to…
Amundi US to use Archer platform for new SMAs
Amundi US (formerly Amundi Pioneer), the U.S. business of one of the world’s ten largest asset managers, is launching a series of separately managed account (SMA) investment strategies that will provide individual clients with access to more customised investing solutions. The firm will use the technology and infrastructure platform of Archer, a provider of middle…
North Reef Capital Management appoints SS&C for front-to-back solution
North Reef Capital Management, a U.S.-based start-up long/short equity fund manager, has selected SS&C‘s front-to-back office solution to run its operations. North Reef will deploy Eze technology and SS&C’s fund administration services.
David Sarfas joins Intertrust as head of private capital
Intertrust, the Netherlands-based provider of corporate and fund services, has hired David Sarfas as head of private capital, based in New York. He joined from Cannon Hill Partners, and has also worked for MUFG Investor Services and Citco.