Confluence, a technology solutions provider to the worldwide money management industry, and J.P. Morgan have launched a further development in their partnership to deliver a multi-asset portfolio analytics solution. At the start of Q3 2021, Delta, Confluence’s risk and performance solution, will have expanded coverage powered by J.P. Morgan’s proprietary analytics to include U.S. securitised…
Category: Product
Northern Trust launches Omnium Event Manager
Northern Trust has launched Omnium Event Manager, a web-based workflow tool designed to provide asset managers and asset owners with a consolidated view of corporate action and dividend events affecting fund portfolios, enabling them to coordinate with brokers and custodians to respond effectively to the voluntary events. The Event Manager platform leverages global Omnium services…
BNP Paribas opens sub-custody business in Chile
BNP Paribas has established a sub-custody business in Chile, adding to existing Latin American operations in Brazil, Colombia and Peru. As part of the deal, BNP Paribas has become a direct participant in Chile’s central securities depository, Depósito Central de Valores. BNP Paribas’ proprietary network has now expanded to 27 markets.
U.S. Bank launches services for SPACs
U.S. Bank has launched a range of services for sponsors of special purpose acquisition companies (SPACs), including: Establishing a special-purpose segregated trust account to hold SPAC proceeds; Holding, investing and disbursing of funds in accordance with a trust agreement; Providing statements and secure online reporting of account holdings and activity; Maintaining investment books and records;…
Apex launches Australian tax services through Throgmorton
Apex has launched tax services in Australia, delivered via subsidiary Throgmorton. Throgmorton Australia Pty Ltd. is now a registered tax agent & ASIC agent, providing locally delivered tax compliance services in addition to accounting, HR, payroll, and company secretarial services to Australian clients.
Fidelity launches agency lending platform
Fidelity Investments, which has AuM of USD10.3trn, has launched Fidelity Agency Lending, a digital platform that manages all aspects of securities lending for asset managers and other institutions. Fidelity Agency Lending has been a securities lending agent for the Fidelity mutual funds since 2019 and is currently responsible for more than USD2trn in assets.
State Street appoints Aman Thind as global chief architect
State Street has appointed Aman Thind to executive vice president and global chief architect, reporting to Brian Franz, global chief information officer. Thind is responsible for designing the strategy and driving implementation of State Street’s technology transformation and interoperable infrastructure. He will also play an integral role in advancing the company’s technology innovation, including building…
BNY Mellon strikes deal with class-action specialist FRT
BNY Mellon has established an alliance with Financial Recovery Technologies, the U.S.-based provider of securities class action recovery services to the investment community. The alliance will offer solutions to address the demand for better governance solutions associated with shareholder litigation monitoring and recovery, offering BNY Mellon’s clients access to FRT’s suite of class action solutions,…
FundRock launches distribution support services
FundRock, the Luxembourg-based third-party ManCo and AIFM that is owned by Apex, has launched a new operation in Luxembourg to provide fund distribution solutions to non-EU asset managers. Asset managers, for which FundRock or its affiliates act as ManCo/AIFM, will be able to access FundRock’s fund distribution solutions through the recently established FundRock Distribution S.A.,…
State Street and S&P Global Trucost to offer enhanced ESG reporting
State Street has formed a strategic engagement with S&P Global Trucost that brings together State Street’s recently launched ESG Risk Analytics and Reporting capabilities and Trucost’s climate data and analytics. The agreement will allow State Street to overlay Trucost’s data intelligence on the risks and opportunities of climate change to build on State Street’s existing…