State Street and SS&C Technologies plan to restructure the European component of their International Financial Data Services (IFDS) LP joint venture arrangement in Luxembourg and Ireland, following an almost 20-year collaboration. Under this plan, transfer agency services delivered by IFDS in Ireland and IFDS in Luxembourg will transition into each organisation’s respective operations. State Street…
Category: Product
BNPP partners with Broadridge
BNP Paribas’ securities services business has partnered with Broadridge to expand its global custody services, appointing Broadridge as service provider for its global securities class action services.
Vistra links to 1776ing
Vistra, the Asia-based administrator, has partnered with 1776ing, a fintech platform for alternative investments, to streamline investor data transfer through direct digital connectivity. The integration with 1776ing will enable Vistra to deliver a fully digitised subscription process for alternative investments. The result will be an instant, complete and active investment record in Vistra’s transfer agent…
IQ-EQ launches MO service in Europe
IQ-EQ has expanded its middle office service offering into Europe, leveraging its U.S. experience. Paul Griffith, chief commercial officer for Ireland, will oversee the implementation of this offering across Europe and the UK.
IQ-EQ acquires Agama
IQ-EQ has acquired Agama Group, an independent regulatory compliance firm based in France and Luxembourg. Agama provides regulatory compliance, internal control and operations support to asset managers and funds across private equity, real estate and other asset classes. The firm is made up of four business units, with >50 employees across Paris and Luxembourg.
Waystone opens in Paris
Waystone, the European provider of specialist services to the global asset management industry, has opened its first Paris office, hiring Amin Zeghlache to lead the operation alongside Denis Harty, head of Continental Europe.
BNY hires chief solutions innovation officer
BNY has hired Carolyn Weinberg as chief solutions innovation officer. She joins from BlackRock, where she most recently served as chief product innovation officer and led product innovation, development and commercialization globally.
DTCC launches digital asset solution
DTCC has launched ComposerX, a suite of platforms designed to streamline token creation and settlement with the objective of accelerating digital asset adoption. ComposerX is an end-to-end solution for managing digital assets through their full lifecycle, including issuance, distribution, servicing, and reporting.
BBH simplifies account opening
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.
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.