Citi’s securities services business in Australia has been appointed by Fiducian Group to provide custody, fund administration and registry services. The project involved transitioning >1,300 assets, many thousands of transactions, tax parcel data and unit pricing across Fiducian’s Investor Directed Portfolio Service (IDPS), superannuation wrap and Fiducian Funds product offerings. Fiducian is an Australian-owned financial…
Category: Bank Providers
Northern hires for Lux
Northern Trust has appointed Raphaël Remond as deputy CEO of its continental European bank, Northern Trust Global Services SE. He reports to Olivier Noël, CEO of NTGS SE and country head for Luxembourg. Remond was previously COO of LIOR Global Partners, and also spent more than 25 years at State Street.
Eagle appoints BK for first ETF
BNY Mellon has been appointed as administrator for the Eagle Capital Select ETF, the first ETF launched by Eagle Capital Management, a U.S. manager with USD20bn AuM. The launch is notable because Eagle converted a USD1.8bn separately managed account (SMA) to create the ETF, thought to be the largest such conversion to date. Eagle used…
Hamilton joins M&G
Dorothy Hamilton has joined M&G, the UK asset manager, as director of supplier management. She was previously global head of securities services operations for HSBC, based in Edinburgh. In 2023 Richard Godfrey, formerly co-head of HSBC’s securities services business, joined M&G as COO of the asset management business. Earlier in 2024 HSBC hired Mitesh Sharma…
Fireblocks hires CMO
Fireblocks, an enterprise platform for building blockchain applications and managing digital asset operations, has hired Michal Ferguson as chief marketing officer. Prior to joining Fireblocks, Ferguson built and scaled the go-to-market functions at Snyk, a cybersecurity platform that integrates directly into development tools, workflows, and automation pipelines. BNY Mellon took a stake in Fireblocks in…
Anton, Thrasher move at CIBC Mellon
At CIBC Mellon, Richard Anton has been appointed chief client officer, with Catherine Thrasher replacing him as chief operations officer. Anton assumes overall responsibility for the company’s relationship management, strategic client solutions, product development, corporate communications and marketing functions. Thrasher assumes responsibility for CIBC Mellon’s operations, including custody services, fund administration, investor recordkeeping, pension benefit…
BK and GLMX collaborate on repo
BNY Mellon and GLMX have integrated services to allow buy-side clients to direct repo trades at point of execution to BNY Mellon’s triparty platform. This integration addresses growing demand from clients seeking to expand their BNY Mellon triparty usage beyond uncleared margin segregation into repo financing, helping them to capture more benefits from being on…
BBH automates with Allfunds
BBH has automated account openings with Allfunds, a B2B wealthtech platform for the fund management industry. This digital and automated solution from BBH creates a standardised electronic messaging system to facilitate the end-to-end, straight-through processing API account opening solution, resulting in a much faster account opening time. By digitizing this process, users of the platform…
FundGuard raises USD100m
FundGuard, the cloud-native, AI-powered, multi-asset class investment accounting platform for asset managers, asset owners, custodians and fund administrators, has closed its Series C funding round, amounting to USD100m. This latest round of investment – led by Key1 Capital and new investors including Euclidean Capital and funds managed by Hamilton Lane – also had participation from…
CRD wins f/o mandate in Australia
Charles River Development, a State Street company, has been appointed by Perpetual Group to manage front office operations for its Australian asset management business. Perpetual’s Australian asset management business will adopt Charles River IMS to manage its domestic and global portfolios, order and execution, compliance, post trade processing and front office data. Perpetual completed the…