State Street has appointed Australia’s LAB Group to introduce electronic investor onboarding capabilities for its fund manager clients in Australia. With LAB Group’s platform, investor registration will be accelerated and electronic identity verification for individuals, companies and trusts will be enabled. The LAB process uses numerous Australian government and other verified databases, supported by dynamic…
Category: State Street
State Street hires BNY Mellon’s Ann Fogarty
State Street has hired BNY Mellon’s Ann Fogarty as deputy head of the global delivery unit. She has responsibility for State Street’s custody, middle office, transfer agency and client service operations. Fogarty reports to Liz Nolan, head of global delivery. She will also join State Street’s management committee. At BNY Mellon, Fogarty was most recently…
State Street appoints O’Reilly to head alts in EMEA
State Street has appointed Vincent Georgel-O’Reilly as regional segment head for alternatives in EMEA. In this new role, O’Reilly covers hedge funds and private markets and is responsible for advancing the investment services strategic direction, product structuring, sales and operations in EMEA. He reports to Paul Fleming, global head of alternatives and Joerg Ambrosius, chief…
Kay Hayre joins BNY Mellon to co-head IM sales
Kay Hayre has joined BNY Mellon as co-head of investment managers (IM) sales. In this role, Hayre will partner with co-head Laura Steinbach to drive business development activities, advance strategic relationships, and grow the firm’s pipeline of opportunities with IM prospects and clients globally. She will focus on IM business development internationally, whilst Steinbach will…
State Street opens Fund Connect ETF platform to all issuers
State Street has opened up its Fund Connect ETF platform to support all ETF issuers, regardless of their service provider. The platform was previously only available to issuers serviced by State Street. The Fund Connect platform links APs and issuers. Fund Connect ETF is a global online trading portal for the creation and redemption of…
EISS Super implements State Street’s ESG risk analytics solution
EISS Super, an Australian superannuation fund with AUD6bn AuM, has implemented State Street’s recently launched ESG Risk Analytics solution. State Street provides EISS Super with customised ESG performance and risk management analytics with top-down and bottom-up capabilities. EISS Super can assess the carbon emissions of its portfolio, as well as view its assets through the…
State Street adds risk analytics to ESG solutions suite
State Street has launched an enhancement to its ESG solutions product suite. ESG Risk Analytics provides clients with the ability to address new global regulatory reporting requirements. Through a single platform, this data coverage brings clients the ability to cover most Principle Adverse Impact (PAI) disclosure requirements. ESG Risk Analytics is designed to provide risk…
State Street launches peer-to-peer repo program
State Street has launched a new peer-to-peer repo program for the buy-side. The service aims to deliver competitive financing costs across a broader range of collateral types, as well as yield enhancement opportunities compared to traditional repo markets. State Street guarantees the payment obligations of cash borrowers to cash lenders within the program in the…
State Street to administer VanEck’s bitcoin ETF
State Street has been appointed as the fund administrator and transfer agent of the VanEck Bitcoin Trust, a new bitcoin exchange-traded fund that is currently pending approval by the U.S. Securities and Exchange Commission. The trust is expected to be the first U.S.-listed ETF offering exposure to bitcoin. The trust’s investment objective is to reflect…
State Street strikes first FICC sponsored repo trade with ICE Clear
State Street has completed the first trade with ICE Clear U.S., a clearing house owned by Intercontinental Exchange, Inc., as a sponsored member counterparty. This deal comes after ICE signed on as a sponsored member of State Street within the Fixed Income Clearing Corporation (FICC) Sponsored Repo Program. State Street has USD150bn in sponsored repo…