BNP Paribas Securities Services has been selected by First Plus Asset Management to provide fund administration services for funds using Singapore’s variable capital company (VCC) structure. As part of the mandate, BP2S will provide First Plus with global custody, hedge fund administration and investor services for its Asia Opportunity Fund and Asia Special Situation Fund…
Month: November 2021
Crestbridge hires new head of UK funds
Crestbridge, the C.I.-based private markets administrator, has appointed Cheryl Bai as director, head of funds UK. She will lead the UK funds team and contribute to the development of Crestbridge’s UK private equity and real estate fund services proposition. She joins from SS&C GlobeOp.
Sanne hires new head of NA hedge
Sanne, the UK-listed provider of alternative asset and corporate business services, has appointed Adrian Bedoya as director, hedge – North America. He will lead Sanne’s hedge business and grow the product offering across North America. He joins from Virtus by FIS, where he was head of portfolio accounting.
State Street partners with RIMES
State Street has struck a deal with RIMES, the U.S.-based data partner for asset managers, asset owners, and service providers, to enhance State Street Alpha, its front-to-back solution. Through this partnership, State Street Alpha clients will benefit from RIMES’ expertise and experience with the global index provider marketplace, leveraging its operational capabilities and infrastructure. This…
Northern Trust partners with Snowflake
Northern Trust and Equity Data Science (EDS), in which Northern Trust has a strategic stake, have collaborated with Snowflake, the data cloud company, to enhance secure data sharing and onboarding for asset servicing clients using Northern’s Investment Data Science capabilities. Leveraging Snowflake’s data-sharing and cloud technology, Northern Trust and EDS can provide a better, faster…
Sanne hires new NA bus dev director
Sanne, the UK-listed administrator, has appointed Darrell Pisarra as director, business development – North America. Prior to joining Sanne he was at SS&C Technologies. Sanne recently lost Marta Ciemiega, a U.S. business development director, who moved to Crestbridge.
Apex gets green light for GIFT City
Apex has become one of the first global fund administrators to receive regulatory approval to operate in India’s Gujarat International Finance Tec-City (GIFT City) International Financial Centre. GIFT City is a planned IFSC which is being developed as a global financial and IT services hub, the first of its kind in India. With this latest…
Fred Perard joins SuisseTechPartners
Frédéric (Fred) Perard has joined SuisseTechPartners as head of Europe. STP is a fintech company providing front-, middle- and back-office solutions with a portfolio management system called PMplus. Perard left BNP Paribas Securities Services in 2020, where he was most recently head of Luxembourg and the international financial centres. He will remain in Luxembourg.
Nottingham completes three more ETF conversions
The Nottingham Company, a non-bank ETF fund administrator and consultant to the mutual fund and ETF industry, has completed the conversion of three new ETFs from open-end mutual funds. Each of the ETFs is part of the Adaptive ETF family of funds. Two additional conversions are expected in November. The New York Stock Exchange was…
BNY Mellon adds senior talent to global tax team
Liam Stanbridge has joined BNY Mellon as head of global tax. In this role, Stanbridge will focus on leading client servicing tax solutions for institutional clients and leading the transformation and digitisation of the bank’s tax services offering. He will partner closely with BNY Mellon’s new head of tax product development, Stuart Winny, who has…