BNP Paribas Securities Services has automated the processing of key asset servicing documentation, part of the group’s digital transformation programme. The initiative, which took 12 months to implement, aims to enhance back office operational efficiency, increase straight-through processing rates and reduce services turn-around times for clients. Using Natural Language Understanding (NLU) and machine learning, including…
Category: Headlines
Alter Domus hires State Street’s Paul Woods to head North America
Alter Domus, the Luxembourg-based provider of fund and corporate services, has appointed Paul Woods as regional executive for North America, with a brief to expand the group’s presence in the North American private capital markets. Based in Boston, Paul will report directly to Doug Hart, CEO, and joins the group executive board. Woods joins from…
FAB adds to securities services team in Abu Dhabi
First Abu Dhabi Bank has announced a number of hires for its securities services business. Francis Dassou joined as managing director. He spent 13 years at HSBC, eight in Luxembourg, and latterly in the MENA region as head of securities services, Bahrain, and regional head of global custody and fund services, MENAT. Dassou is responsible…
Mainstream to administer AUD40m emerging markets impact fund
Mainstream, an Australian administrator, has been appointed as administrator and custodian to the AUD40m Emerging Markets Impact Investment Fund, a fund of funds sponsored by the Australian Department of Foreign Affairs and Trade, with Sarona Asset Management as manager and Perpetual as trustee.
SGSS appoints Bryan Fage as head of sales and RM in Lux
SGSS has appointed Bryan Fage as head of sales and client relationship management in Luxembourg. Fage, who joined SGSS Luxembourg’s sales team in 2017, will report locally to Mathieu Maurier, country head for SGSS in Luxembourg, and functionally to Gildas le Treut, global head of coverage.
Fritz Bruinings joins CACEIS in the Netherlands as bus dev mgr
CACEIS has appointed Frits Bruinings as business development manager in the Netherlands. Bruinings previously worked for InAdmin Riskco as a sales manager.
BP2S appoints Denis Bon as head of the Americas
BNP Paribas Securities Services has appointed Dennis Bon as head of the Americas. He will be based in New York and will report to Alessandro Gioffreda, head of territory management. Bon was previously head of depositary and fiduciary services at BP2S, based in Paris. He joined the bank in 2018 from J.P. Morgan’s corporate and…
Intertrust to service new infrastructure fund for Copenhagen Investment Partners
Intertrust, the Netherlands-based provider of fund and corporate services, has been appointed by Copenhagen Infrastructure Partners to provide financial, legal and depositary services, in both Luxembourg and Australia, for a new infrastructure fund. The fund, CI IV, reached a first close of EUR1.5bn, with a target fund size of EUR 5.5bn.
CACEIS to service new PE fund for C4 Ventures
CACEIS has been selected by C4 Ventures, a European venture capital firm, to provide custody, middle-office and administration services for its new fund, C4 Ventures II. Building on the success of its first fund, C4 Ventures II will continue to support fast-growing companies in three major themes: smart hardware, future of commerce, and digital media.…
JTC to service LBI acquisition for Brooks Macdonald Int’l
JTC, the C.I.-based administrator, has been appointed to provide fund administration and registrar services to Brooks Macdonald International following the latter’s announcement that it is to acquire the Channel Islands funds and wealth management business of Lloyds Bank International, subject to regulatory approval. JTC will be providing services to Brooks Macdonald’s newly acquired business through…