Northern Trust has appointed Caroline Higgins as the head of Hong Kong, Macau and Taiwan, and Iain Carey as the head of Global Funds Services in Asia. Based in Hong Kong, Higgins will report to Angelo Calvitto, recently named head of Asia Pacific asset servicing. Reporting to Higgins, and assuming her prior role as head…
Month: June 2021
Arcesium launches performance allocation product
Arcesium, the U.S.-based financial technology and professional services firm, has launched PerformA, a performance allocations product designed to simplify the investor accounting process and reduce the risks, costs, and manual errors associated with spreadsheet-based fund accounting. PerformA is tailored for different client types, including hedge funds, fund administrators, and private equity firms.
LLR invests in Archer
Archer, a U.S.-based service provider to the investment management industry, has received a capital injection from LLR Partners, a lower middle market private equity firm investing in technology and healthcare businesses.
Parnassus appoints Ultimus for TA
Ultimus, a U.S.-based provider of fund administration, accounting, and investor solutions, has been appointed as transfer agent for Parnassus Investments, a San Francisco based fund family with USD41.7bn AuM. As part of the transition, over 300,000 Parnassus shareholder accounts were converted to Ultimus’ TA system. Parnassus focuses on building wealth by investing in companies that…
Northern Trust promotes Julie Zhu to lead asset servicing in China
Northern Trust has appointed Julie Zhu to lead its asset servicing business in China. Zhu, who is based in Beijing, assumes the role of branch manager from Michael Wu, who was most recently country executive for Greater China. She will report to Angelo Calvitto, who was recently appointed head of the Asia-Pacific region. Zhu, who…
ConBrio appoints Northern Trust and NatWest
ConBrio Fund Partners Ltd, a UK-based ACD, has appointed Northern Trust for custody and fund accounting, and NatWest Trustee and Depository Services for depository services. ConBrio was advised by Cooper Wood & Associates.
Intertrust acquires corporate secretarial business in HK
Intertrust has acquired the Hong Kong-based corporate secretarial business of Pinsent Masons, an international law firm. The acquisition enables Intertrust to offer a fully integrated corporate services proposition to its clients in Hong Kong and the wider APAC region and supports the firm’s regional growth strategy.
State Street appoints new heads of Taiwan & Hong Kong
State Street has appointed Pauline Wong as head of the Hong Kong SAR and Ilona Chen as head of Taiwan. These newly created roles will report to Mostapha Tahiri, head of Asia Pacific. Wong and Chen will oversee all State Street’s businesses in Hong Kong and Taiwan respectively. Wong joined State Street in 2011 and…
BBH launches Connectors program
Brown Brothers Harriman has launched BBH Connectors, a cohort of specialist third-party fintech and service providers that bring expertise in areas like ESG data, insurance accounting, class action recovery services, and AI to drive meaningful outcomes for clients. BBH Connectors can be readily integrated through BBH Infomediary, a data integration engine that provides efficient and…
BNY Mellon partners with Saphyre for client onboarding
BNY Mellon has become the latest custody bank to partner with a fintech to improve the client onboarding experience. It is working with Saphyre, which leverages patented AI technology to digitise all pre-trade activities across multilateral counterparties: asset owners, investment managers/hedge funds, broker/dealers, custodians, and prime brokers. The firms are working together to deploy AI…