BNY Mellon has established a Digital Assets unit that will accelerate the development of solutions and capabilities to help clients address growing and evolving needs related to the growth of digital assets, including cryptocurrencies. The cross-functional, cross-business team, which will be led by Mike Demissie, head of Advanced Solutions at BNY Mellon, is currently developing…
Category: Product
Northern Trust links to IHS Markit’s thinkFolio
Northern Trust has entered into an alliance with IHS Markit, provider of the thinkFolio multi-asset class investment management platform. The integration between thinkFolio and Northern Trust’s middle office outsourcing platform will provide opportunities for both firms to offer mutual institutional clients solutions and services, leveraging one another’s strengths across the investment value chain. Northern Trust…
BP2S teams up with Eastspring and STACS to improve ETD processing via DLT
Eastspring Investments, BNP Paribas Securities Services and Singapore-headquartered fintech firm Hashstacs Pte Ltd have implemented what they claim is a first-in-market blockchain-driven solution to enhance trade lifecycle management capabilities for exchange traded derivatives (ETDs). The trading fee calculation platform, Mercury, addresses current inefficiencies in the trade lifecycle management of ETDs. Mercury provides centralised and transparent…
BNY Mellon & Google Cloud partner to improve U.S. Treasurys efficiency
BNY Mellon has partnered with Google Cloud to help U.S. Treasury market participants predict settlement failures, generate significant capital and liquidity savings, and unlock operational efficiencies. The initiative will leverage Google Cloud’s data analytics, artificial intelligence and machine learning technologies to develop new collateral management and liquidity solutions built on Google Cloud. BNY Mellon is…
MUFG expands LP services to Europe & Asia
MUFG Investor Services has expanded its limited partner services offering to Europe and Asia. This expansion out of North America is in response to increased market demand for LP services from private equity, real estate and other institutional investors. The enhanced offering automates data extraction and optimises specificity and accuracy to make functionality compatible with…
U.S. Bank partners with Lumint for passive FX hedging
U.S. Bank has enhanced its suite of FX solutions with a new passive currency hedging service to support asset managers and asset owners. The new global currency management solution offers institutional investors an automated and scalable solution for portfolio and share class currency hedging with available look-through and index replication strategies. The tool is powered…
Citi launches dynamic fund order processing service
Citi has launched a new service for advisor clients that automates the allocation of cash across a range of funds and manages all aspects of order processing between advisor clients and fund providers. With its Dynamic Allocation and Fund Order Processing service, a client can send an order through industry standard or proprietary messaging to…
HSBC launches NAV oversight apps
HSBC has launched a set of digital applications to help asset owners and managers monitor the NAV of their funds. The NAV Oversight suite of applications offers real-time dashboards tracking the status of NAV processing against agreed timelines for publication. To help clients review the accuracy of the NAV, the apps break down the underlying…
Citco opens office in ADGM
Citco, which has >USD1trn AuA globally, has opened an office in the Abu Dhabi Global Market (ADGM), an international finance centre in the United Arab Emirates, after increasing its AUA in the region last year to approximately USD125bn.
State Street hires Vistra’s Marcia Rothschild as head of LatAm
State Street has appointed Marcia Rothschild as head of Latin America, with responsibility for leading sales and deepening relationships with clients and prospects. She joins from Vistra, where she was business development director for its alternatives division. Prior to Vistra, Rothschild worked at SS&C, Citigroup, and BNP Paribas. Additionally, State Street’s Brazilian bank has begun…