Northern Trust is expanding its global asset recovery capabilities with Broadridge’s proprietary global class action technology, enabling clients to optimise claim recoveries and increase engagement in settlement processes. Enhancements available with the new service include expanded coverage for more than 35 markets and, for the first time, support for opt-in markets where claimants can elect…
Category: Product
Allvue integrates Passthrough solution
Allvue Systems, a fintech provider for private capital markets, has integrated Passthrough’s investor onboarding technology. Passthrough is a solution provider for investor onboarding and financial crime compliance. The integration links Allvue’s fundraising and investor portal solutions with Passthrough within the Allvue platform. This integration is expected to simplify the prospecting, onboarding and management processes for…
U.S. Bank hires from JPM for ETFs
Keith Orlen has joined U.S. Bank’s global fund services product team as a senior product manager for ETFs, based in Boston. He was previously at J.P. Morgan and also spent 20 years at BBH.
Ocorian secures DIFC funds licence
Ocorian, a C.I.-based provider of asset servicing for private and corporate markets, has secured a new fund services licence in the Dubai International Financial Centre (DIFC). The new licence enables Ocorian to broaden its offering in the Middle East, Charles Rix has been recruited as head of funds, Dubai.
State Street implements Enterprise Performance
Enterprise Performance, powered by Opturo, is now live for clients of the Charles River Investment Management Solution and State Street Alpha. The solution offers a single performance calculation engine that enables greater efficiency in performance operations. Opturo is a fintech specialising in solutions to help optimise operational services for the financial industry and beyond.
Waystone poaches Ryan from BNPP
Waystone, the European provider of fund administration services, has appointed Diarmuid Ryan as global head of administration solutions. He was previously global head of alternatives, liquid alternatives and hedge fund services at BNP Paribas.
Northern Trust hires Jess Donohue
Northern Trust has hired Jessica Donohue as head of product management for asset servicing. Based in Boston, she reports directly to Teresa Parker, asset servicing president. Before taking a break from the industry, Donohue was at State Street, latterly as global head of the asset owner segment.
State Street expands in Japan
State Street and Daiwa Institute of Research have formed a partnership covering fund accounting solutions for investment trust management companies. State Street will implement FAIMS, the investment trust accounting system owned by DIR, for fund accounting solutions in Japan to support global clients. Earlier this year, State Street agreed with Mizuho Financial Group, Inc. to…
Apex opens in Rwanda
Apex has opened an office in Kigali, Rwanda. The new office will provide clients with solutions including fund administration, corporate services, compliance solutions, and ESG advisory services, pending approval from the regulatory authorities.
State Street selects wealth platform
State Street and Apex Fintech Solutions have formed a partnership that includes a minority investment by State Street into Apex Fintech Solutions. State Street will leverage Apex’s digital custody and clearing platform to expand its wealth services offerings. Apex Fintech Solutions is a fintech platform provider with >200 clients and 22 million brokerage accounts holding…