Category: State Street

Monochrome, an Australia-based ETF manager, has launched the country’s first directly held Bitcoin ETF. Vasco Trustees Limited is the Responsible Entity (trustee) of the fund and has engaged State Street as cash custodian and administrator for the ETF. Vasco has also appointed Gemini Trust Company, LLC as the fund’s Bitcoin custodian.

State Street has been appointed as custodian and administrator for the >AUD30bn (USD20bn) in funds invested for members of Brighter Super, an Australian super. State Street will provide services to Brighter Super’s >130 portfolios across multiple asset classes including equities, fixed income, private assets and derivatives. Under the new mandate, State Street will provide Brighter…

Apex Group has been appointed by Awqaf Investment, the investment arm of the General Authority for Awqaf in Saudi Arabia, as its new strategic partner. Awqaf provides investment services to the non-profit sector. Apex Group will be providing fund accounting, transfer agency, and middle & back office outsourcing. In 2023 State Street completed implementation of…

FundGuard, the multi-asset and multi-book investment accounting utility which is backed by Citi and State Street, has formed a collaboration with ICE’s data services business, which is part of Intercontinental Exchange, the operator of global exchanges and clearing houses and provider of data and listings services. The collaboration will provide asset managers, asset owners and…

State Street has appointed Taryn Siglain as head of financing solutions. Siglain will lead State Street’s agency lending, prime services, and secured (repo) financing businesses. She succeeds Gino Timperio who will retire from State Street at the end of June, and will report to Tony Bisegna, head of Global Markets. Siglain joined State Street from…

U.S. Bancorp, parent company of U.S. Bank, has appointed Gunjan Kedia as its new president, reporting to Andy Cecere, who will retain the titles of chairman and CEO. Based in Minneapolis, Kedia, 53, will oversee the company’s core business lines: consumer and business banking; payment services; corporate & commercial banking; and wealth, corporate, commercial and…

Charles River Development, a State Street company, has appointed Vinayak Bhat as head of Asia Pacific, where he will be responsible for all business oversight within the region and collaboration with State Street Alpha, the front-to-back asset servicing platform. He joins Charles River from FactSet Research Systems where he was head of the Asia Pacific…

Jeremy Kross has joined State Street in the business development team for the asset manager and alternatives space. Based in the U.S., Kross, who was previously at BNY Mellon, reports to Nick Clapham, head of sales & business development for the sector.

T. Rowe Price will transition to the cloud-based technology platform of Charles River Development, a State Street company, T. Rowe Price will deploy the Charles River Investment Management Solution for portfolio management, trading, and compliance, and the State Street Alpha Data platform for data management and services.