BBH has connected its API solution with Clearstream to simplify the account opening process for investors. The connection allows account opening requests to be sent electronically between BBH and Clearstream by transmitting investor information over the API, reducing manual processing risks and improving efficiency of the onboarding experience.
Category: Headlines
Temenos hires CPO
Temenos the Swiss based fintech, has appointed Sairam Rangachari as chief product officer, Reporting to Temenos chief product and technology officer Barb Morgan, he will lead the development of Temenos’ solutions and define the company’s overall product strategy. Most recently, he founded and led the product and technology function at Tandym, a digital payment wallet…
Apex partners with Cohesion
Cohesion Asset Management Limited, an India-based investor, is partnering with Apex Invest, Apex Group’s provider of capital raising, advisory, fund distribution and IR and marketing solutions. Apex Invest will promote the flagship Cohesion MK Best Ideas fund across its global network, where it is authorised to do so.
UI hires for BD
UI efa, a Luxembourg-based fund service provider and member of Universal Investment Group, has appointed two new members to its business development team: Emma Causevic and Pamela Valasuo.
State Street hires NA head
State Street has appointed Sarah Salih as EVP and head of North America for its investment services business. Salih is based in Boston and reports to Joerg Ambrosius, president of State Street Investment Services. She joins from HSBC Securities (USA), where she was most recently head of regional coverage, Americas.
Praxis deploys Allvue
Praxis, a C.I.-based administrator, has selected Allvue as a platform provider for its fund administration business.
Eurex to launch collateral service
Eurex Clearing plans to launch a collateral mobilisation service, supported by DLT, in Q2 2025. The flexibility, speed and efficiency of collateral transfers should be enhanced by mobilising collateral with the support of the HQLAX digital ledger. The goal is to ensure that securities collateral becomes easily accessible, independent of its physical location, and can…
Citco appoints RE co-heads
Citco, the asset-servicing provider to the alternative investment sector, has appointed Michelle Clements and Joep Hamers as co-heads of real assets, Citco Fund Services. Clements, based in North America, joined Citco in 2022 as the head of North America real assets. Prior to joining Citco, she was with BNY for seven years as head of…
Pekin to leave Citi
After 35 years with Citi, the last 11 as global head of securities services, Okan Pekin is leaving the bank. It is understood that he will take some time off and that he is not moving to a competitor. In the meantime, issuer services will report directly to Shahmir Khaliq, head of services, whilst a…
Fasanara launches tokenised MMF
Fasanara Capital, a London-based institutional investment manager and leader in digital finance with >USD4bn AuM, has launched its first tokenised money market fund, the Fasanara MMF Token (FAST), held on the Polygon PoS public blockchain. Developed in collaboration with Apex Group, Tokeny, Chainlink, Fireblocks, and XBTO, FAST offers investors a faster, more cost-effective, and money…