Proxymity, the digital investor communications platform developed within Citi‘s investor services business, has raised USD20.5m from eight market participants and will become a global, industry-led consortium. The consortium is comprised of BNY Mellon, Citi, Clearstream, Computershare, Deutsche Bank, HSBC, J.P. Morgan, and State Street. The Proxymity team will be based in London, with a technology…
Month: May 2020
Intertrust selects Wall Street Office for loan administration
Intertrust, the Netherlands-based provider of administration and corporate services, has automated its loan administration, cash management and facility agent services by integrating its platform with IHS Markit’s Wall Street Office (WSO). The WSO platform is a scalable, cloud-based solution that will enable Intertrust to provide its fund and capital markets clients with a more efficient…
CACEIS completes remote migration of Popular funds in Spain
CACEIS in Spain has remotely migrated the Popular Asset Management and Popular Pensiones portfolios. Popular Asset Management and Popular Pensiones, two companies merging with Santander Asset Management and Santander Pensiones, switched to CACEIS as their depositary bank in Spain. With all staff working remotely, 107 funds were migrated to CACEIS, (59 investment funds and 48…
Ultimus upgrades distribution platform to include ETF data
Ultimus Fund Solutions, the U.S.-based fund servicing provider, has expanded its Ultimus Distribution Advantage (UDA) program to include platform information for ETFs. Ultimus is introducing the addition of intermediary fee structures and requirements for ETFs by incorporating the details to the intermediary pricing pages already established for ‘40 Act funds on the UDA website. The…
State Street collaborates with CLS for FX settlement reporting
State Street is collaborating with CLS, an FX market infrastructure group delivering settlement, processing and data solutions, to provide asset managers with a consolidated view of CLS settlement information across their accounts for the first time. The collaboration will combine TradeNeXus, State Street’s electronic post-trade processing service, with CLS’s post-trade monitoring and reporting tool, CLSTradeMonitor,…
Apex and Triple Point partner on upgraded TA platform
Apex, the Bermuda-based financial services provider, and Triple Point Liquidity, a New York-based financial technology startup, have formed a partnership to deliver an enhanced transfer agency platform to clients. The partnership will integrate Triple Point’s innovative registrar and transfer agency platform to better manage client liquidity through one integrated solution. The partnership will also enable…
SANNE hires Daryn Kerr as global head of tech change
SANNE, the UK-based provider of alternative asset and corporate business services, has appointed Daryn Kerr as global head of technology change. He will lead the establishment of SANNE’s enterprise architecture and technology portfolio to reflect and augment the group’s global strategic goals. He will work closely with SANNE’s chief technology officer, Marie Measures, in the…
Apex appoints Valerie Mantot-Groene as head of APAC
Apex Group, the Bermuda-based administrator, has appointed Valerie Mantot-Groene as head of APAC. Based in Singapore, she joins from SANNE and reports to the global head of fund solutions, Srikumar T.E. She replaces Maggie Chan.
SS&C to acquire Innovest for USD120m
SS&C has entered into a definitive agreement to acquire Innovest Systems for USD120m. New York-based Innovest builds systems for trust accounting, payments and unique asset servicing. The parties expect that the transaction will close in Q2 2020. The acquisition adds more than 150 full-time employees in New York, California, and Texas. Innovest’s flagship product, InnoTrust,…