U.S. Bank has appointed MUFG and Citi as sub-custodians for five additional markets in its Asia-Pacific custody network. The markets included in this move are Japan, Indonesia, Malaysia, Thailand and Vietnam. U.S. Bank is using MUFG as sub-custodian for Japan; Citi will be sub-custodian for Indonesia, Malaysia, Thailand and Vietnam. With the transition of these…
Category: Bank Providers
Blouin to leave BP2S
Annie Blouin, global head of client services and client relationship management for BNP Paribas’ securities services business for the past seven years, is transferring to a new, as yet unannounced role in Montreal. Earlier this year the business consolidated its global client development and territory management divisions under Alessandro Gioffreda. Additionally, Alvaro Camuñas was appointed…
Stevenson joins BNY
Jamie Stevenson has returned to the inserv business after four years with Insight Investment. He has joined BNY in London as head of EMEA asset owners product and platform (BNY owns Insight.) He previously spent 10 years with BNP Paribas before moving to RBC Investor Services, latterly as head of digital client solutions.
CACEIS supports Amundi tokenised fund
Amundi has launched its first tokenised share of the AMUNDI FUNDS CASH EUR money market fund. The first transaction took place at the beginning of November, and the fund is now distributed in a hybrid manner: it remains accessible in the traditional way and via the tokenised share AMUNDI FUNDS CASH EUR – J28 EUR…
Jill Evans joins TMF
Jill Evans has joined TMF, the Netherlands-based private markets administrator, as managing director of consultant relations and business development for North America and the Caribbean. She was previously at Capco, and spent nearly seven years at Citi, most notably as head of consultant relations for the securities services business, as well as acting as an…
Nick Emmins RIP
I am saddened to have to report the death of Nick Emmins. Nick worked for BNP Paribas before a seven-year stint at RBC Investor Services, where he led development of its fund trading platform, GFP. After a brief spell at Allfunds Nick carved out a highly successful career as an iNED, working with clients that…
Northern Trust wins AJ Bell mandate
Northern Trust and Carne Group have been appointed by AJ Bell, a UK-based asset manager and investment platform provider, to provide asset servicing and ACD services. Northern Trust will provide custody, depositary and fund administration services for AJ Bell’s in-house managed funds, with Carne as the funds’ ACD. The funds have a combined AuM of…
Ninety One implements Alpha
Ninety One, a South Africa-based investment manager specialising in active strategies across emerging and developed markets, has implemented the State Street Alpha front-to-back platform. This implementation builds on a relationship established in 2004, which has expanded to include middle and back office services and integrated trading solutions.
BNPP adds to UK teams
The securities services business of BNP Paribas has appointed Cleyde Hazell as head of client line for institutional investors, UK and Middle East, to support its alternative investments business. Based in London, Hazell will drive the institutional investors client segment strategies covering alternatives, asset owners, asset managers. She rejoins BNP Paribas with over 25 years…
Behan joins FundGuard
FundGuard, the cloud-native investment accounting platform that has been adopted by Citi and State Street, has appointed Simon Behan as chief commercial officer. He has previously held commercial leadership roles at Finbourne, Ocorian, Virtus Partners, Deutsche Bank and BNY.