FundGuard, the provider of a cloud-native SaaS investment accounting platform, has opened a London office. It has also appointed Antony Slee as sales director and Ravi Patel as sales engineering director to lead local commercial initiatives. Both Citi and State Street are investors in FundGuard.
Category: Citi
Citi creates services business line
Citi had undertaken a significant reorganization of its senior management team under Jane Fraser, CEO. Amongst the changes is the creation of a Services unit, comprised of the firm’s treasury & trade solutions business (TT&S) and its securities services business, led by Okan Pekin. Shahmir Khaliq, formerly head of TT&S, heads the new unit. Prior…
Citi to support BBX
Citi has become the first digital custodian participant of BondbloX Bond Exchange (BBX), the world’s first fractional bond exchange using distributed ledger technology. BBX was launched in 2020 to simplify bond investing by allowing investors to track and trade bonds electronically. The partnership enables Citi’s clients that meet certain criteria to become BBX participants and…
Citi gains FMDB approval in China
Citi China has received approval from the Shanghai Futures Exchange (SHFE) and International Energy Exchange (INE) to act as a futures margin depository bank (FMDB) for its QFI clients to trade commodity futures on the SHFE and INE. Citi says it is the first American bank to receive this approval.
New CEO for Waystone
Sanjiv Sawhney has been appointed global CEO of Waystone. He joins from Citi, where he has led global and regional investor services teams for the last 15 years, most recently as global head of client coverage, securities services. Earlier this year, Waystone abruptly parted company with Derek Delaney, CEO, Paul Cahill, COO, and Glen Magee,…
Maddock joins MUFG
Gilbert Maddock has joined MUFG Investor Services as an executive director, business development, based in New York. He previously spent six years at Citi and has also worked for BNY Mellon.
ZILO launches in UK
ZILO, the UK-based fintech specialising in transfer agency, has gone live with its SaaS technology platform for global transfer agency services. ZILO’s technology offers clients a global cloud-based TA solution, delivering a single platform across multiple jurisdictions. Launching first in the UK, ZILO will expand its coverage in 2024, including Luxembourg, Ireland and Asian markets.
Broadridge appoints new international CEO
Broadridge Financial Solutions, the U.S.-based fintech provider, has appointed Mike Sleightholme as president of Broadridge International, based in London. Sleightholme joined Broadridge in 2022 as president of its asset management solutions business. He previously spent five years at SS&C Technologies where he was CEO and general manager of its DST Systems business. Prior to SS&C,…
Citi wins NHI&S mandate
Citi has been selected by NH Investment & Securities Co., Ltd. (NHI&S) as its global custody provider as NHI&S expands its business model to include trustee services for private investment funds in South Korea. Founded in 1969, NHI&S is one of South Korea’s largest securities firms. Citi currently provides NHI&S with FX services as well…
State Street opens in Colombia
State Street has continued its expansion into Latin America with the opening of an office in Bogota, Colombia. Andres Zambrano Burgl will manage the office and lead sales in the country, reporting to Maria Ximena Vasquez, State Street’s head of sales for Latin America and The Caribbean (ex Brazil). State Street opened an office in…