Legal & General Investment Management (LGIM) is extending its existing partnership with State Street by expanding its usage of Charles River technology and to deliver middle office servicing. LGIM says that the appointment of State Street, as well as the expansion of its use of Charles River technology across a number of its investment management…
Category: Bank Providers
Grayscale adds BNY Mellon as key servicing provider
Grayscale Investments, the world’s largest digital currency asset manager with >USD30bn AuM, has selected BNY Mellon as an asset servicing provider for Grayscale Bitcoin Trust, its flagship product. BNY Mellon will provide Grayscale Bitcoin Trust with fund accounting and administration effective October 1, 2021. Additionally, it is anticipated that BNY Mellon will provide transfer agency…
J.P. Morgan arrives late to data party
Significantly behind all its major competitors, J.P. Morgan’s securities services division is setting up a new data solutions business. Gerard Francis, who was head of enterprise data solutions at Bloomberg, will head the business, reporting to Teresa Heitsenrether, global head of securities services.
FAB and State Street form MENA alliance
First Abu Dhabi Bank and State Street have formed a strategic alliance that combines FAB’s regional securities services expertise, incorporating the largest direct custody network in the Middle East and North Africa (MENA), with State Street’s global footprint. The alliance will create a full-service offering for institutional investors in the region. It will provide MENA…
Manaos onboards two ESG data providers
BNP Paribas Securities Services’ ESG marketplace, Manaos, has onboarded two new partners – Util and V.E., part of Moody’s ESG Solutions – to supplement its sustainability data and analytics offering. Now live on Manaos, Util’s machine learning models quantify the degree to which every listed company positively and negatively impacts the 17 UN SDGs and…
NPS renews agreement with State Street
The National Pension Service of Korea, the world’s third largest pension fund, has renewed its service agreement with State Street, which will continue to provide back-office and middle-office services for the NPS’ global equity and alternatives portfolios which have KRW222trn (USD195bn) and KRW49trn (USD43bn) AuM respectively. State Street has been providing custody, fund accounting, performance…
BNY Mellon to acquire Milestone
BNY Mellon has entered into a definitive agreement to acquire Milestone Group, a U.S.-based provider of fund management technology, including the widely adopted pControl platform. The deal comes just over a year after the two companies formed an alliance to create a suite of oversight and contingent NAV services for asset managers and owners seeking…
BP2S appoints Paul Daly to head distribution products & solutions
BNP Paribas Securities Services has appointed Paul Daly as head of distribution products and solutions. Daly will be responsible for developing and promoting fund distribution products for institutional fund buyers and fund promoters. He will also drive the development of BP2S’s transfer agency solutions. He was previously head of territory for Ireland at BP2S. Based…
Mike Janiszewski joins BNY Mellon as COO of asset servicing & digital
As part of a senior management overhaul of its asset servicing and digital businesses, BNY Mellon has appointed Michael Janiszewski as chief operating officer, overseeing asset servicing strategy, digital and business operations. He will be based in New York and report directly to Roman Regelman, global head of asset serving and digital. He was most…
Citi selected to support MRF northbound fund for Income Partners
Citi has been appointed by Income Partners Asset Management (HK) Limited to act as fund services provider, including transfer agency, for their first northbound fund under the Hong Kong-China Mutual Recognition of Funds (MRF) scheme. The Income Partners Managed Volatility High Yield Bond Fund, an existing SFC-authorised fund, is being made available to eligible mainland…