UBS and an Asian bank have executed the first cross-border intraday repo transaction on Broadridge’s blockchain-enabled Distributed Ledger Repo (DLR) platform. The platform provides a utility where market participants can agree, execute, and settle repo transactions, providing flexible settlement cycles based on counterparties’ needs. The DLR Repo platform significantly increases settlement velocity and collateral mobility,…
Month: April 2023
Altum opens in Cape Town
Altum Group, a C.I.-based provider of fund, corporate, and family office solutions, has opened an office in Cape Town, South Africa. The office will be led by Sandri Pieters, who was previously at Sanne.
Ocorian promotes Aron Brown
Ocorian, the C.I.-based administration services provider, has appointed Aron Brown as global head of regulatory & compliance. Brown founded, and was managing director of, Newgate Compliance, Ocorian’s compliance consultancy service which it acquired in 2020. In his new role he will report to Frederik van Tuyll, Ocorian’s chairman & CEO.
Swift appoints new chair
The Swift board of directors has elected J.P. Morgan’s Graeme Munro as non-executive chair, and Samantha Emery of Lloyds Banking Group as non-executive deputy chair. The appointments follow the decision of Yawar Shah, chairman for 16 years, to stand down.
Northern Trust upgrades risk analytics services
Northern Trust has enhanced its suite of ex-ante risk analytics services through the release of its new Market Risk Monitor solution. The service provides institutional investor clients with a library of key risk indicators including stress tests, sensitivity shocks and value-at-risk measures, all available via RADAR, Northern Trust’s digital dashboard for investment analytics. It deploys…
Versity appoints Phoenix American
Phoenix American has been appointed to provide Versity Invest’s real estate funds with investor services, featuring the STAR-XMS shareholder management/transfer agency platform. Based in California, Versity Invest is a real estate investment company founded in 2022. Versity currently manages c. USD1bn of investor equity investments.
Apex to support New Forest’s Africa platform
Apex has been mandated by New Forests, an existing client, to deliver fund services to its African Forestry Impact Platform. New Forests is an Australia-based investment manager of nature-based real assets and natural capital strategies, with AUD10bn (USD6.7bn) AuM across more than 1.2m hectares (2.9m acres). News Forests’ AFIP will continue to raise long term…
TMF to acquire Sino
TMF Group, the Netherlands-based provider of administrative services, is to acquire Sino Corporate Services Group. Sino was founded in 2007 and has offices in Hong Kong, China and Singapore, and employs 53 people. As a result of the acquisition, four members of Sino’s management team will join TMF. The deal follows the acquisitions of Hong…