SC Ventures, the innovation and ventures unit of Standard Chartered, has entered into an agreement with Northern Trust to launch Zodia Custody, an institutional custody solution for cryptocurrencies. Zodia is designed to enable institutions to invest in the emerging cryptocurrency assets, including transaction and settlement activities. Under the agreement, which is subject to registration with…
Category: Product
HSBC joins Aladdin Provider network
HSBC has become the latest bank to offer access to its securities services products via BlackRock’s Aladdin Provider technology, enabling asset managers and asset owners to connect with HSBC through Aladdin. In the first half of 2021, HSBC will begin rolling out its services on Aladdin, starting in Hong Kong and Singapore. HSBC currently administers…
SIX takes stake in Custodigit
The Swiss Stock Exchange has made an investment in Custodigit, the joint venture created by Swisscom and Sygnum in 2018. With this agreement, SIX Digital Exchange, Swisscom, and Sygnum Bank will enable Swiss banks to offer access to digital assets for their customers through an institutional digital asset gateway. The gateway will support the complete…
CACEIS and Amundi launch front-to-back service
CACEIS and its sister company, Amundi, have launched a front-to-back solution for asset managers and owners, offering a portfolio management platform (ALTO), dealing services, middle office, custody and fund accounting.
HSBC launches sec lending solution for TTFs
HSBC has launched new custody and fund administration technology and an operating model for tax transparent funds (TTFs), where ‘look-through’ is applied at the share class level for securities lending, in what it claims to be a market first. This approach improves the tax transparency of securities lending opportunities in TTFs for institutional investors, while…
BNY Mellon opens branch in Denmark
BNY Mellon’s European bank, The Bank of New York Mellon SA/NV, has opened a new branch in Copenhagen, Denmark. Søren Eberhard, who established the Copenhagen representative office in 2008, will become branch manager.
Apex launches CFO & COO Solutions via Throgmorton
Apex Group has launched CFO & COO Solutions through its subsidiary, Throgmorton. This follows the recent launch of Throgmorton Compliance Solutions, which delivers tailored services including licence applications, regulatory audits, compliance monitoring and technology-enabled management services.
Carne appoints Marty Dobbins as non-executive director in Luxembourg
Carne Group, the Ireland-based provider of fund management solutions, has appointed Marty Dobbins as a non-executive director of its Luxembourg fund management company. Dobbins, who is the CEO of Sage Advisory, s.a.r.l, was formerly CEO & country head for State Street in Luxembourg. Earlier this year Dobbins was appointed as a director of Gen II…
SGSS launches Fund Alerts to support fund liquidity management
Société Générale Securities Services has launched Fund Alerts, a real-time liability fund management and liquidity risk prevention solution for asset managers. The service provides an instantaneous view of fund liability movements via various customised alerts across the following times: In real-time on subscription orders or redemptions received At closure of the fund on the inflow/outflow…
BP2S adds CLSA to broker panel for China-Hong Kong Stock Connect
BNP Paribas Securities Services has confirmed CLSA, the Kong Kong-based subsidiary of CITIC Securities, as the latest partner broker for its multi approved partner broker (MAP) model for the China-Hong Kong Stock Connect scheme. The MAP model allows investors to choose from a variety of brokers whilst benefiting from guaranteed real DvP settlement through internalised…