U.S. Bank has made an equity investment in Lumint, a Boston-based company that provides currency management services to institutional investors. Earlier this year, U.S. Bank launched a new passive currency hedging service powered by Lumint’s technology. In 2018 Lumint formed a strategic partnership with Northern Trust.
Category: Independents
Olympia set to offer Bitcoin custody in Canada after Knox deal
Further progress in the crypto-currency custody space in Canada. Olympia Trust Company has entered into a letter of intent with Knox Capital Inc. and Knox Industries Inc. by which, subject to the satisfaction of certain conditions, Olympia Trust will be granted the exclusive Canadian licence to use a proprietary Bitcoin custody system developed by Knox.…
AllianceBernstein makes fixed-income history
AllianceBernstein has become the first buy-side firm to receive aggregated liquidity from multiple buyers on the same corporate bond block trade. The trade was enabled by LTX, a Broadridge company, and powered by LTX’s patented RFX protocol. AllianceBernstein tapped into its dealer’s client network to sell a large block of bonds and access aggregated liquidity…
FundRock launches distribution support services
FundRock, the Luxembourg-based third-party ManCo and AIFM that is owned by Apex, has launched a new operation in Luxembourg to provide fund distribution solutions to non-EU asset managers. Asset managers, for which FundRock or its affiliates act as ManCo/AIFM, will be able to access FundRock’s fund distribution solutions through the recently established FundRock Distribution S.A.,…
Tom Bennett joins Aztec as head of innovation
Aztec Group, the C.I.-based administrator, has hired Tom Bennett as head of innovation. Previously COO at JLL’s UK investment and agency businesses, Bennett will identify new ideas and opportunities for existing business and create new revenue streams.
LiquidShare hires Brigitte Gignoux to head business development
LiquidShare, the fintech co-founded by European financial institutions including BNP Paribas, Société Générale and Euroclear, has appointed Brigitte Gignoux as head of business development. She joins from FFYN, a collaborative fund distribution platform that was incubated by BNP Paribas, where she previously worked in a business development role.
Hex Trust strikes deal with PARSIQ
Hex Trust, a Hong Kong-based digital asset custodian, has entered into a strategic partnership with PARSIQ, a blockchain monitoring and event tracking service provider. The deal enables PARSIQ to use Hex Trust’s proprietary safekeeping solution, Hex Safe, for custody of PARSIQ’s treasury. In addition, clients will be able to store their PRQ assets in Hex…
Fundamental AM selects Opus Nebula’s client reporting solution
Fundamental Asset Management, a UK-based manager, has selected Opus Nebula’s Reporting as a Service solution for production of its quarterly client investment reports. FAM and its clients will benefit through improved report packs, greater efficiency and automated distribution. Opus Nebula was founded in 2014 to deliver reporting solutions to the investment management industry. Opus Nebula…
Mainstream board approves SS&C’s takeover terms
The board of directors of Mainstream Group Holdings Limited, the Australia-based administrator with >AUD224bn (USD175bn) AuA, has unanimously recommended an acquisition by SS&C of 100pct of the shares and outstanding equity rights in Mainstream for A$2.00 per security pursuant to a scheme of arrangement (in the absence of a superior offer and subject to an…
Apex beefs up digital banking team
Apex Group, the Bermuda-based financial services provider, has appointed Alistair Stuart to the newly created position of head of digital banking. Stuart was formerly COO at Investec Bank Plc. Apex delivers its banking services, including the digital banking platform, through its subsidiary, European Depositary Bank. In his new role, Stuart will lead enhancements to the…