Custody is dead. Long live custody. The results are in and, predictably, market observers are focused on the wrong thing. First things first: the banks that have a serious custody/inserv business did well in 2021, generally reporting good revenue growth against the continuing backdrop of low, zero or negative interest rates. Can you hear the…
Month: January 2022
Allvue strikes deal with PitchBook
Allvue Systems, a U.S.-based alternative investment technology solutions provider, has formed a strategic partnership with PitchBook to bolster its capabilities for LPs, including fund of funds, endowments, and pensions. PitchBook is a data provider for the private and public equity markets. Through this partnership, Allvue’s clients will have access to PitchBook’s Private Market Benchmarks as…
Fireblocks hits USD8bn valuation
Fireblocks, the U.S.-based crypto services provider in which BNY Mellon has a stake, has raised USD550m in Series E funding. This brings its valuation to USD8bn, making Fireblocks the highest-valued digital asset infrastructure provider in the world. This follows the recent USD350m fundraising round by Anchorage Digital, the U.S.-based crypto custody platform, valuing the business…
Crestbridge appoints chief change officer
Crestbridge, the C.I.-based provider of corporate and fund services, has appointed James Young as chief change officer.He joined the business in 2018 as group head of technology & change.
IHS Markit partners with METACO
IHS Markit, the UK-based provider of information, analytics and solutions, has partnered with METACO, the Swiss-based provider of software and infrastructure to the digital asset industry. The partnership aims to deliver post-trade securities processing capabilities for digital assets. IHS Markit’s post-trade securities processing platform will be integrated with METACO Harmonize, a secure digital asset system,…
Emso goes live with SS&C’s new treasury management platform
Emso Asset Management, a UK-based manager with USD6.8bn AuM, has gone live on SS&C’s new treasury management platform. The platform provides responsive technology to unify front- and middle-office treasury workflows and help clients make real-time cash and treasury management decisions.
Paralel selects Confluence
Confluence Technologies, Inc., a U.S.-based fintech focused on the investment management industry, has been selected by Paralel Technologies, a start-up fintech firm, for its core back-office services. The multi-year deal includes the use of Confluence’s regulatory reporting, performance, and financial reporting products. Paralel began operations in late 2021. Using Confluence’s Unity NXT Regulatory Reporting solution,…
Gresham House appoints JTC for new fund
JTC, the C.I.-based administrator, has supported Gresham House with the launch of the British Sustainable Infrastructure Fund II LP (BSIF II), with JTC appointed to provide governance, company secretarial, fund administration and accounting support. BSIF II, which has a target size of GBP500m (USD675m), will invest in sustainable infrastructure in the UK. The fund will…
Clearwater hires head of global delivery
Clearwater Analytics, a U.S.-based provider of SaaS-based investment accounting, reporting, and analytics solutions, has hired Diane McLoughlin as head of global delivery. In this capacity, she will set the strategic direction of the company’s global delivery function and lead the team responsible for the onboarding of clients to the Clearwater solution in North America and…
IQ-EQ hires new IoM head
IQ-EQ has appointed Simon Scott as managing director for the Isle of Man. Prior to joining IQ-EQ, he was Isle of Man country head for Barclays Bank.