Pirum, the fintech focused on securities finance and collateral management, has launched Pirum TradeConnect, a global, standardised and open pre-trade connectivity solution for equities and fixed income, fully integrated with Pirum’s established post-trade services. Pirum TradeConnect provides the ability to connect with any counterpart bilaterally, as well as directly with multiple venues, in any format,…
Category: Independents
IQ-EQ hires Dutch commercial director
IQ-EQ has appointed Peter van Opstal as commercial director for the Netherlands. Prior to joining IQ-EQ, he was commercial director and management team member at Vistra in Amsterdam.
SimCorp hires from CRD
SimCorp has hired Jason Pietrafitta as head of customer success for Asia Pacific, based in Singapore. He was previously at CRD, a State Street company.
JTC to acquire Citi Trust
JTC, the C.I.-based services provider, plans to acquire Citi Trust, the global fiduciary and trust administration services business, from Citigroup. Citi Trust provides trust solutions from New York, Delaware, South Dakota, Jersey, Singapore, Switzerland and the Bahamas. Total AuA serviced by Citi Trust is >USD70bn across over 2,000 UHNW client relationships, with an average tenure…
ZEDRA appoints deputy CEO
ZEDRA, the Switzerland-based services provider, has appointed Dean Blackburn as deputy CEO. He joins from JTC, where he began in 2019 as group director to the CEO’s office. He later served as JTC’s chief commercial officer before taking up the group head of institutional client services role in 2022.
SS&C to acquire Battea
SS&C has signed a definitive agreement to acquire Battea-Class Action Services, LLC, a provider of securities class action claims management and settlement recovery services. The purchase price is c. USD670m, subject to certain adjustments. Battea helps more than 900 banks, asset managers hedge funds and proprietary trading firms to receive the maximum distribution of entitled…
IQ-EQ hires for UAE
IQ-EQ has appointed Joe Ives as commercial director in the UAE. He previously worked at TMF and, briefly, CBD Corporate Services.
SEI passes alts milestone
SEI has reported that it has surpassed USD1.5trn in alternative assets under administration in its investment managers business, which services private equity, private credit, venture capital, hedge, real estate, and infrastructure funds.
BT hires SS&C for unit registry
BT, the Australian wealth management business owned by Westpac, has appointed SS&C for unit registry services. SS&C’s managed fund administration team will provide unit registry services to 88 BT-managed funds, including investor servicing and unit registry websites for digital account access and transactions. BT previously managed unit registry and investor servicing for these funds in-house.
Warburg Pincus invests in Aztec
Aztec Group, a C.I.-based alternative fund and corporate services provider, has added Warburg Pincus as a strategic partner, which will see Warburg Pincus as both a minority shareholder and client of the group. This investment, subject to the relevant regulatory approvals, will support Aztec’s expansion as it moves beyond Europe to become a global player…