Northern Trust has partnered with Appian, a fintech provider of low-code process automation solutions, to enhance the NAV workflow communications with private capital fund managers. The solution is aimed at supporting private capital fund managers with a secure digital experience offering enhanced efficiency, oversight and data security across the NAV production lifecycle. The digital portal,…
Category: Bank Providers
DTCC hires new CFO from State Street
Renee LaRoche-Morris has joined DTCC as CFO. She comes from State Street, which she joined in 2021 as chief of staff to the COO and chief administrative officer of shared services. She then transitioned to head the integration management office for State Street’s acquisition of BBH’s investor services business. Prior to State Street, LaRoche-Morris was…
Nordnet deploys Citi’s retail lending platform
Nordnet AB, the pan-Nordic digital platform for savings and investments, is the first Swedish client to start lending through Citi’s Securities Lending Access platform. The solution will enable Nordnet to expand its securities lending programme to new markets and new client segments. Citi Securities Lending Access is an end-to-end solution that digitises and automates the…
HSBC appoints global head of securities services
HSBC has appointed Fiona Horsewill as global head of securities services. Based in London, she will report directly to Patrick George, the recently confirmed global head of markets & securities services. She will also be a member of the M&SS executive committee. Horsewill was most recently at Citi, where she was global head of data…
Northern Trust supports Dutch librarians
Northern Trust has been appointed by Dutch pension scheme, Stichting Pensioenfonds Openbare Bibliotheken (POB), to provide global custody and compliance monitoring services. Established in 1957, POB is a public sector defined benefit pension scheme dedicated to the library sector in the Netherlands, with approximately 25,000 members and EUR2.3bn (USD2.5bn) of assets. Margreet Teunissen, chair of…
CAF appoints BNPP for sec lending
Corporación Andina de Fomento (CAF), the development bank of Latin America and the Caribbean, has appointed BNP Paribas’s securities services business as agent lender for its USD1.3bn portfolio. In 2020, BNP Paribas supported the issuance of CAF’s Covid-19 recovery bond, and the selection comes as a result of a long-standing relationship between BNP Paribas and…
Pirum hires from BNP Paribas
Pirum, the UK-based fintech, has hired Graeme Perry as business development representative. Based in London, Perry will report locally to Karl Wyborn, CCO. Previously, he spent 14 years with BNP Paribas’ securities services business, where his most recent role was director of trading strategy and relationships and head of agency lending trading EMEA.
J.P. Morgan to acquire Aumni
J.P. Morgan has entered into a definitive agreement to acquire Aumni, a provider of investment analytics software to the venture capital industry. Financial terms of the transaction were not disclosed and closing is expected in the first half of 2023. Founded in 2018, Aumni’s proprietary data analytics engine structures, tracks and analyses legal and economic…
U.S. Bank launches European ETF services
U.S. Bank has launched its new ETF services in Europe, as well as signing its first client for this offering. U.S. Bank will support Horizon Kinetics’ European version of its Inflation Beneficiaries ETF, an actively managed fund that seeks to address one of the most important economic and investment drivers – inflation – by identifying…
State Street to acquire outsourced trading firm
State Street has entered into a definitive agreement to acquire CF Global Trading, a firm specialising in outsourced trading on an agency basis for a variety of asset classes including equities, listed derivatives and fixed income. The transaction is expected to be completed by the end of 2023, subject to customary closing conditions. Financial terms…