ZILO, the UK-based fintech specialising in the global asset and wealth management sector, has completed a GBP25m (USD32m) Series A funding round. The fundraising, which was oversubscribed, was co-led by Fidelity International Strategic Ventures and Portage, with participation from State Street and Citi. In 2023 ZILO onboarded the first client to its global digital transfer…
Category: State Street
State Street appoints Ireland country head
State Street has appointed Terri Dempsey as country head of Ireland. Dempsey will oversee the delivery of services and strategy for all of State Street’s operations in Ireland and reports to Cuan Coulter, UK country head. Dempsey moves into the role formerly held by Tadhg Young, who recently assumed the position as head of State…
Nebraska moves to Northern Trust
The Nebraska Investment Council (NIC) has selected Northern Trust to provide asset management and asset servicing solutions, including custody, portfolio analytics and securities lending, for its pension fund. The NIC is an independent state agency that manages USD37.5bn across 32 investment programs. NIC provides investment services to the state of Nebraska and is responsible for…
BMO GAM completes Alpha implementation
State Street has completed implementation of State Street Alpha, its front-to-back asset servicing platform for institutional investment and wealth managers, with BMO Global Asset Management. BMO GAM is a Canadian asset manager with a range of mutual funds, ETFs, alternative funds, and other investment products. BMO GAM began the implementation of State Street’s Alpha platform…
State Street further consolidates in India
State Street and HCLTech are finalising plans for State Street to assume full ownership of Statestreet HCL Services, the India-based JV formed in 2012 to provide business operations services. This consolidation is expected to be completed in Q2 2024. State Street has partnered with HCLTech for more than a decade. Earlier this year, State Street…
GMO launches first ETF
GMO, a U.S.-based investment manager, today launched its first exchange-traded fund, the GMO U.S. Quality ETF (NYSE: QLTY). QLTY was launched in partnership with the new Goldman Sachs ETF Accelerator, a digital platform that enables Goldman Sachs’ clients to quickly and efficiently launch, list, and manage ETFs. State Street has been appointed as administrator.
TMF hires from State Street
TMF Group, the Netherlands-based provider of business administration services, has appointed Gareth Casement as head of loan administration. Based in Dublin, he will report to Daniel Max, head of global solutions. Casement joins from State Street.
Maiuri to leave State Street
Lou Maiuri, president, COO and head of investment services, will leave State Street by early 2024. Effective January 1, 2024, Ron O’Hanley, chairman and CEO, will assume the office of the president (in addition to his current roles as chairman and chief executive officer) and responsibility for investment services, State Street’s largest business. Mostapha Tahiri,…
State Street completes Awqaf implementation
State Street has completed implementation of a suite of investment services to support Awqaf Investment Company (AIC), the investment arm of the General Authority of Awqaf. Services include global custody, investment accounting, multi-asset class performance measurement, and data aggregation and consolidation. Headquartered in Riyadh, Saudi Arabia, AIC provides integrated investment solutions to the non-profit sector…
PIMCO goes live with HUB
PIMCO is now live on the HUB platform. HUB is a fintech specialising in the investment management sector. Founded in 2021, HUB is backed by PIMCO, Man Group, S&P Global, Microsoft and State Street. PIMCO will initially use two products: HUB Trade, which manages trades through the stages of their lifecycle and enables connectivity with…