Northern Trust has retained and expanded its mandate with AMF Tjänstepension AB (AMF), a Swedish pension provider. Under the renewed agreement, Northern Trust, which has serviced AMF for more than 20 years, will continue to serve as custodian for AMF’s global pension assets and add investment operations for trade services across AMF’s total portfolio, for…
Category: Headlines
BNPP supports Infranity fund launch
BNP Paribas has been appointed by Infranity, part of Generali Investments, to support the launch of its Horizon Infrastructure Strategies, an open-ended evergreen ELTIF in France. Infranity specialises in infrastructure investments.
SGSS implements ALTO
SGSS has partnered with Amundi Technology to strengthen its depositary and fund administration services. Amundi Technology’s ALTO platform has been implemented to provide post-trade investment compliance monitoring across SGSS operations in France, Ireland, Italy and Luxembourg.
Struan Malcolm joins BNPP
Struan Malcolm has joined BNP Paribas’ securities services business as head of Nordic sales & client coverage for institutional investors. Malcolm, who is based in Stockholm, spent nearly 12 years at Northern Trust before joining Fundrella in 2023.
Arcesium opens in Hong Kong
Arcesium, the U.S.-based administrator in which J.P. Morgan has a stake, has opened an office in Hong Kong. The office will support its existing client base of institutional asset managers, hedge funds, banks, and private markets firms operating across the broader Asia-Pacific region, while also providing technology and services for new launches and regional expansion.
Maples expands in Canada
Maples Group has expanded its fund administration solution for Canadian-domiciled funds. This will provide support to its existing and new client base in launching and operating Canadian domestic funds. It will be delivered by the group’s Montreal office.
State Street hires head of strategic transformation
State Street has hired Mark Wightman as head of strategic transformation, based in the UK. He was most recently at EY.
Legrand promoted at IQ-EQ
IQ-EQ has promoted John Legrand to CEO of EMEA, based in the UK. Legrand, who was previously deputy group CEO, has been at IQ-EQ for over six years, previously spent more than 10 years at BNY.
BNY moves to tokenise deposits
BNY has taken the first step in its strategy to tokenise deposits by enabling the on chain mirrored representation of client deposit balances on its digital assets platform. Early participants include financial institutions and digital natives. Beginning with collateral and margin workflow use cases, this launch extends BNY’s cash capabilities by creating on-chain digital book…
SEI appoints CPO
SEI has appointed Jeff Benfield as chief product officer, reporting to Zach Womack, chief technology officer, Benfield will lead SEI’s enterprise product strategy, development, and execution. He was previously head of platform strategy and operations for SEI’s asset management business.