Zodia Custody has appointed Samuel Max Howe as head of operations. He joins from GSA Capital, a multi-asset quant hedge fund, where he was head of crypto operations.
Month: June 2023
BNPP deploys AI-driven virtual agent
BNP Paribas’s securities services business has launched a virtual agent, NOA (NextGen Online Assistant), on its client services portal, NeoLink. NOA deploys the latest cognitive technology from Amelia, a U.S.-based provider of enterprise conversational AI. Leveraging Amelia’s advanced machine learning for context recognition, NOA helps clients find the information they need quickly and efficiently. NOA…
Gen II hires BBH veteran in Lux
Michael Mekhaeel has joined Gen II Fund Services as head of depositary at Gen II Luxembourg Services, a wholly-owned subsidiary. Mekhaeel previously spent 17 years at BBH in Luxembourg. Gen II focuses exclusively on the private capital sector, and claims to have USD900bn AuA.
Torstone hires new CFO
Torstone Technology, a UK-based SaaS platform provider for post-trade securities and derivatives processing and risk management, has appointed Neil Mardon as CFO. He will also join Torstone’s board of directors. Mardon was previously CFO and later COO at Daiwa Capital Markets Europe.
Citco opens new Guernsey office
Citco, the specialist asset-servicing provider to the alternative investment sector, has opened a new office in Guernsey, focusing on private equity and private credit. Citco opened its first Guernsey office in 2014.
Optimum expands RBC relationship
RBC Investor Services has expanded its relationship with Optimum Asset Management, a Quebec-based asset management subsidiary of Optimum Financial Group. The expanded mandate includes custody, fund accounting and shareholder services for OGP’s nine mutual funds. RBC previously provided custody, fund accounting and TA for six of Optimum’s funds. The relationship was expanded by transferring funds…
Citi wins Fubon ETF mandate
Citi has been selected by Fubon Fund Management (Hong Kong) Company Limited to provide a range of custody and fund services for Fubon’s latest thematic ETF, Fubon ICE FactSet Asia Battery and Energy Storage Technology Index ETF, recently listed in Hong Kong. Citi will provide custody, fund accounting and administration, ETF processing, and registrar services,…
Citi hires senior manager from Morgan Stanley
Vibhor Singh has joined Citi as head of data products and platforms for the securities services business. He joins from Morgan Stanley, where he led data strategy and execution for Morgan Stanley Wealth Management. Joe Bonanno, global head of data, digital & innovation, joined from Morgan Stanley Wealth Management in 2022.
BNY Mellon appoints HK chief
Francis Giglio has been appointed as Hong Kong chief executive for BNY Mellon. He takes on this role in addition to his responsibilities as global head of relationship management for depositary receipts. He joined BNY Mellon in 2016.
Clearstream partners with Consort1
Clearstream has partnered with Consort1, a fintech specialising in repo and securities lending, to enable the placement of secured deposits as tri-party custody agent. The placement was done in collaboration with Standard Chartered Bank, NatWest, Alpha Group, BankClarity, and Arlingclose, with Gloucestershire County Council being among the first UK local authorities to use the new…