Northern Trust has agreed with Novata, a fintech that provides ESG data for private markets investments, to provide its data to Northern Trust’s asset servicing clients. Northern Trust recently participated in a Series B funding round for Novata. Novata’s data management solution aims to provide asset owners with a clearer view of the ESG impact…
Month: November 2023
IQ-EQ opens in ADGM
IQ-EQ, the Luxembourg-based administrator, has opened in Abu Dhabi, including a licence to provide fund administration services. The new office is located in Abu Dhabi Global Market (ADGM). The opening of an Abu Dhabi office follows its launch in Dubai earlier this year.
Accelex raises USD15m
Accelex, a UK-based provider of automation for private markets data acquisition, reporting and analytics, has raised USD15m through a Series A funding round led by FactSet, a financial digital platform and solutions provider, with participation from existing investors Illuminate Financial, AlbionVC, SixThirty Ventures and Expon Capital.
HSBC tokenises gold
HSBC has processed the first trades tokenising the ownership of physical gold held in HSBC’s UK vault, using DLT. HSBC has developed this capability by creating a digital twin of an existing physical asset – specifically physical gold held in HSBC’s vault. Tokenised physical gold can be traded between HSBC and institutional investors through the…
Alter Domus gets new COO
Alter Domus, the Luxembourg-based provider of fund administration for the alternative investment industry, has appointed Michael Janiszewski as COO. He reports to Doug Hart, Alter Domus CEO, and joins the executive board. He was most recently COO for BNY Mellon’s securities services and digital business.
RBC expands sec lending coverage
RBC Investor Services has expanded its securities lending market coverage to client assets held in Malaysia, its 34th market.
Zodia opens in HK
Zodia Custody, the Standard Chartered backed digital assets custodian, has opened in Hong Kong.
All Things Must Pass
Don’t fret over the departure of Lou Maiuri from State Street. It will be BaU before you know it. A multinational corporation is similar to a giant game of Jenga. Pull a piece out, and you never know quite what is going to happen. Sell a business unit, and who knows exactly how it will…