State Street’s Collateral+ business is now operational with Acadia’s Initial Margin Exposure Manager (IMEM) and Margin Manager (MM) service. This integration provides automated dispute management for initial margin agreements and electronic margin call messaging across multiple products.
Month: September 2021
Paul Bishop joins J.P. Morgan
J.P. Morgan has hired another re-tread from Deutsche Bank. Paul Bishop has joined as head of U.S. direct custody, having held a similar role at Deutsche Bank.
Apex partners with VCP
Apex has entered into a joint venture with VCP Advisors, a UK-based provider of financial, advisory and capital raising services for corporate and fund manager clients. VCP works with companies and closed-ended and open-ended funds across the private equity, private credit, venture capital, infrastructure, real estate and hedge fund asset classes, providing advisory, capital raising…
Duncan Christie joins Gen II in Luxembourg
Gen II Fund Services, the specialist private assets administrator which has USD600bn AuA, has appointed Duncan Christie as head of operations and client services and a member of the executive committee in Luxembourg. He joins from IFDS in Luxembourg, where he was COO, responsible for operations, client service, business transformation, and research & development.
JTC acquires Segue Partners
JTC, the C.I.-based administrator, has acquired Segue Partners, a fund services business headquartered in St. Louis, Missouri. Founded in 2010, Segue provides fund solutions to private equity, venture capital and debt funds, as well as family offices. Michelle Murray, managing director and founder of Segue, will continue to lead the business, The transaction is not…
SGSS appoints co-heads to replace Christophe Baurand
After more than six years in the job, Christophe Baurand has stepped down from his role at Société Générale Securities Services as head of coverage, marketing and solutions. SGSS has appointed co-heads to replace him: Alexandra Chauvel and Gildas Le Treut. Based in Paris, they will join the SGSS executive committee, reporting to David Abitbol,…
Northern Trust applies AI to alternative investment data
As part of its initiative to digitise alternative asset servicing, Northern Trust has launched an AI-powered solution to extract unstructured investment data from alternative asset documents and make it accessible and actionable for asset owner clients. Built in collaboration with Microsoft Azure Applied AI Services, and business and consulting firm Neudesic, the proprietary solution transforms…
Ultimus supports ETF launches by New Age Alpha
Ultimus Fund Solutions has supported the launch of two new ETFs by asset management firm New Age Alpha. Ultimus had been working with New Age Alpha for more than a year prior to the launch, supporting the firm’s hedge fund launch in addition to its entire middle office operations.
Archer adds John Lehner to board
Archer, a service provider to the investment management industry, has appointed John Lehner as a member of its board of directors. Lehner has previously worked at State Street, BNY Mellon and Eagle Investment Systems.
Apex participates in Series A funding for Inveniam
Inveniam Capital Partners, Inc will close its USD25m Series-A round this month with lead investments from Apex Group, K20 Fund, Dev.Pro, and Global Blockchain Ventures. Inveniam’s software platform, Inveniam.io, is an operating system for real asset data in the decentralised market.