Highvern, the C.I.-based administrator, has received Trust and Company Service Providers (TCSP) authorisation for its Ireland operation. This will allow the business to engage with a wider range of clients, offering a suite of corporate administration services to section 110 and SPV structures across debt, capital markets, real estate, infrastructure, private equity, aviation, and other…
Category: Product
State Street launches fund trading in Mexico
State Street has launched an integrated fund trading solution, alongside its custody offering, for clients in Mexico. The secure online platform will allow for access to a broad range of investment funds in collaboration with Clearstream’s Vestima platform, providing fund order services through a single-entry point. The service will support connectivity with a range of…
Nexo launches PB platform
Nexo, a regulated institution for digital assets, has launched Nexo Prime, a proprietary prime brokerage platform that enables institutional, corporate, and high-net-worth investors to trade, borrow, lend, and securely store their digital assets through a single product. Nexo Prime’s custody framework combines solutions from BitGo, Fireblocks, Ledger Vault, and Fidelity Digital Assets. All digital assets…
BP2S extends broker-to-custody offering
BNP Paribas Securities Services has expanded its broker-to-custody offering and has added Spuerkeess, a Luxembourg-based bank, to the platform. The broker-to-custody solution, which was previously offered only in the U.S. and APAC, is now available across Europe, further to the bank’s recent expansion in equities flow trading in the region. Using BNP Paribas’s open architecture,…
SimCorp & SGSS extend partnership
SimCorp, the Europe-based provider of SaaS investment management solutions, and Société Générale Securities Services (SGSS) have extended their partnership until 2028 to promote front-to-back solutions for asset managers. The new contract includes a broad scope of new activities, including additional front office and ESG functionalities for CrossWise, SGSS’s front-to-back integrated suite which leverages SimCorp Dimension’s…
MUFG opens hub in Cyprus
MUFG Investor Services, the asset servicing arm of Mitsubishi UFJ Financial Group, has established an operational centre in Limassol, Cyprus. This is MUFG’s second European hub, working alongside its Dublin office. MUFG has c. USD800bn AuC/A.
Northern Trust partners with Finscape
Northern Trust has entered into an agreement with Finscape to provide clients with a comprehensive view of their fund distribution activity. By streamlining market intelligence gathering, the service – also called Finscape – aims to help address industry-wide challenges around data transparency. Under the agreement, Northern Trust will make Finscape available to its asset manager…
State Street links to Pirum
State Street has integrated its Collateral+ platform with Pirum’s CollateralConnect service to support mutual clients with collateral management and optimisation. This collaboration builds on a series of investments in the Collateral+ suite, which was recently expanded to include a tri-party service, which enables buy-side firms to optimise collateral usage and efficiency when posting margin to…
Charles River expands wealth management offering
Charles River Development, a State Street company, has established a strategic partnership with Advisor360°, a wealth management software company. The ability for mutual clients to leverage the capabilities of both firms aims to create an innovative and differentiated wealth management solution for the industry. John Plansky, head of State Street Alpha, said: “This partnership signals…
Cowen launches digital asset division
Cowen Inc. has launched its digital asset division, Cowen Digital LLC. Based in Stamford, Connecticut, the new division offers full-service trade execution and custody solutions on a platform that provides institutional clients with secure and compliant access to the digital asset ecosystem. Custody solutions are provided through Cowen’s strategic partnership with PolySign’s Standard Custody &…