BNP Paribas’s securities services business has been mandated by Coöperatie Univé U.A., based in the Netherlands, to provide investment and financial administration, regulatory reporting and global custody services for its EUR1.3bn (USD1.4bn) of global assets. Univé is a cooperative insurance company offering auto, home and health insurances to its 1.6 million members.
Category: Mandates
DZ Bank selects Metaco
Metaco, the Switzerland-based digital assets platform provider, has signed a deal with DZ BANK AG, the central institution of the Volksbanken Raiffeisenbanken cooperative financial network, one of the largest banking groups in Germany. DZ BANK has AuC of EUR297bn (USD315bn). Metaco’s custody and orchestration platform, Harmonize, was selected by DZ BANK after an extensive proof-of-concept…
Yarra appoints Apex
Apex has been appointed by Yarra Capital Management to support the Yarra Private Capital Discovery Fund. Yarra Capital Management is one of Australia’s largest independently owned, active fund managers, with c. AUD19bn (USD13bn) AuM. Apex has been appointed to provide fund administration, transfer agency and custody services for the closed-ended vehicle.
FXall signs with Saphyre
The London Stock Exchange Group’s FXall business has struck a deal with Saphyre to digitise account onboarding for FXall clients through Saphyre’s AI technology, which allows liquidity providers to systematically approve accounts. The Saphyre technology is validated and live for a subset of clients of FXall, with plans for rollout to all FXall clients in…
Century implements loan servicing platform
Century Health & Housing Capital, LLC, a US-based provider of government-insured Federal Housing Administration (FHA) mortgage financing, has implemented SS&C Precision LM, SS&C’s loan servicing platform. SS&C Precision LM automates many loan servicing functions, including new loan onboarding, running amortisation schedules, setting up escrow and reserve accounts, escrow analysis, and generating monthly invoices. Century will…
UI supports Pella fund launch in Europe
Universal Investment, the Germany-based administrator that claims to have EUR950bn AuA (USD1trn), has supported the launch of the Pella Global Securities Sustainable Fund in Europe as part of the UI I umbrella fund. Pella Funds Management is an Australian asset manager. In addition of acting as fund service platform, Universal Investment will provide Pella with…
CACEIS to support SideCaps
Germany-based fintech SideCaps has launched a block trade platform for listed SME secondary-line stocks. The platform is designed to create a liquidity pool for German SME block trades. Vertically integrated with XETRA and Eurex CCP, SideCaps provides counterparty risk management and settlement discipline. CACEIS will settle and clear cash equity transactions for all trades executed…
Illinois Firefighters consolidate with Northern Trust
The Illinois Firefighters’ Pension Investment Fund (FPIF) has selected Northern Trust to provide custody services for the combined pension assets of approximately 300 firefighter pension funds across suburban Chicago and downstate Illinois. Created by the Illinois Pension Code in 2019, the FPIF is responsible for consolidating, managing and investing the assets of municipal and fire…
SNB Capital taps Broadridge for sec finance
SNB Capital, the largest broker and asset manager by market share in Saudi Arabia, has chosen Broadridge to help build its local securities lending and borrowing business. SNB Capital will deploy Broadridge’s securities finance and collateral management (SFCM) service, a front-to-back SaaS solution. SNB Capital has a significant global custody and data management alliance with…
BlackRock adopts TradeWeb’s ETF iNAV
Tradeweb Markets Inc., the Nasdaq-listed operator of electronic marketplaces for rates, credit, equities and money markets, has launched a market data service to calculate real-time iNAVs for ETFs. BlackRock has become the first ETF issuer to use Tradeweb iNAVs for its iShares ETF suite in Europe, which are publicly available via Bloomberg and Refinitiv. The…