NES Financial has been appointed to provide OZ fund administration services to InvestNewMexico.us (INM), a New Mexico–based partnership focused on affordable and sustainable housing, agriculture, film, technology transfer and emerging media industries. This follows NES’s recent announcement that it is now servicing 50 OZ funds.
Year: 2019
Ocorian hires Maurice Okolo to lead west Africa bus dev
Ocorian, the C.I.-based administrator, has appointed Maurice Okolo as a business development director, operating from Lagos, Nigeria. He will lead business development across west Africa. He joins from Elixir Asset Management.
BNY Mellon hires Jane Mancini as head of Americas asset servicing sales
Jane Mancini has joined BNY Mellon as head of sales for the asset servicing business across the Americas. Based in Boston, she reports to Emily Portney, head of asset servicing for the Americas. She was most recently head of global client solutions at State Street.
Northern Trust partners with BondEvalue in Singapore
Northern Trust and BondEvalue, a Singapore-based fintech firm, have established a partnership to deliver integrated asset servicing and digital solutions for fractional ownership of fixed income bonds. BondEvalue’s regulated platform will facilitate trading of fractionalised investable assets based on wholesale bonds, while Northern Trust will be its exclusive asset servicing provider. This partnership follows the…
Citi hires Joerg Guenther as global head of sec services IT
Citi has appointed Joerg Guenther as global head of securities services & issuer technology. He will take responsibility for the technology teams supporting custody and fund services, direct custody & clearing, securities services data, quality assurance, and issuer technology, reporting directly to Mike Healy, global head of technology for equities & securities services. Prior to…
BNY Mellon adds four new fintech partnerships
BNY Mellon has announced four new fintech partnerships as part of its digital strategy: In collaboration with EZOPS, BNY Mellon has launched an artificial intelligence-based reconciliation and data control solution. BNY Mellon has already implemented the solution in its alternative investment services business and the firm is now expanding the capabilities across other lines of…
HSS appoints Adnan Hussain as global head of agency lending
HSBC Securities Services has hired Adnan Hussain as global head of agency lending. He is based in London and reports to Seb Danloy, global head of asset managers & owners. Hussain joins from BNP Paribas, where he was global head of agency securities lending and head of market and financing services for the UK. The…
HSS appointed as administrator for first OFC in Hong Kong
HSBC Securities Services has been appointed the custodian and fund administrator for Pacific Hawk Global OFC, the first open-ended fund company launched in Hong Kong. The assets of OFCs must be segregated from those of the investment manager and entrusted to a separate, independent custodian for safekeeping. An OFC must appoint a custodian which meets…
HSS appoints Tania Mahler as global head of bus dev for PA
HSBC Securities Services has appointed Tania Mahler as global head of business development, private assets. Mahler, who joined HSS in 2018 from BNP Paribas, is based in London and reports to Tony McDonnell, global head of private assets.
Ocorian authorised to act as AIF depositary in Lux
Ocorian, the C.I.-based administrator, has received authorisation to act as a depositary to alternative investment funds in Luxembourg. Ocorian already offers depositary services in UK and Jersey.