State Street and SS&C Technologies plan to restructure the European component of their International Financial Data Services (IFDS) LP joint venture arrangement in Luxembourg and Ireland, following an almost 20-year collaboration. Under this plan, transfer agency services delivered by IFDS in Ireland and IFDS in Luxembourg will transition into each organisation’s respective operations. State Street…
Category: State Street
NPS goes live on Aladdin
NPS, the Korean pension system, has gone live on BlackRock‘s Aladdin platform, integrating State Street‘s and BNY’s middle office and investment operations services for equity and fixed income assets respectively.
HUB wins new mandate
HUB, the fund services provider in which State Street has a stake, has been appointed by Gresham House Ireland to provide HUB Performance Reporting, a SaaS solution designed to automate and simplify performance reporting and factsheet production. Gresham House Ireland, an alternative asset manager, will use HUB to automate performance reporting, standardise factsheet generation, and…
State Street hires NA head
State Street has appointed Sarah Salih as EVP and head of North America for its investment services business. Salih is based in Boston and reports to Joerg Ambrosius, president of State Street Investment Services. She joins from HSBC Securities (USA), where she was most recently head of regional coverage, Americas.
HUB wins NAV oversight mandate
HUB, the fintech that is partly backed by State Street, has won a mandate from Acer Tree Investment Management for HUB NAV Oversight, a SaaS solution designed to optimise and automate NAV processes. Acer Tree, a mid-sized UK-based asset manager specialising in alternative investments, will leverage HUB NAV Oversight to streamline its NAV oversight process.
Langham Hall hires for Lux
Langham Hall, the UK-based administrator, has added two senior managers in Luxembourg. Ian Kent joins from State Street as head of fund administration – Luxembourg, and Brian Campion comes in from CSC as head of commercial – Luxembourg.
Conway joins SimCorp board
Jeff Conway has joined the board of directors at SimCorp, the Deutsche Börse-owned fintech. Conway spent more than 30 years at State Street, where he was a long-standing member of the firm’s management committee and held positions including head of global delivery and business transformation, as well as CEO for EMEA.
State Street makes senior appointment in ME
State Street has appointed Majed Al Hassoun as country head for Saudi Arabia and Bahrain. Reporting to Oliver Berger, head of emerging growth markets, and Emmanuel Laurina, head of Middle East, Africa and official institutions, for State Street Global Advisors, he is based in Riyadh, and will also act as CEO of State Street Saudi…
Another win for State Street Alpha
Harris | Oakmark has gone live with State Street Alpha, State Street’s front-to-back asset servicing platform for institutional investment managers. Harris | Oakmark, a Chicago-based investment management firm with approximately USD104bn AuM, serves as the adviser to the Oakmark Funds, a mutual fund family. The first phase of the migration focused on transaction lifecycle management…
DigitalBridge deploys HUB NAV solution
DigitalBridge has selected HUB NAV Oversight, a SaaS solution designed to optimise and automate NAV processes. DigitalBridge, a global alternative asset manager dedicated to investing in digital infrastructure, is using HUB NAV Oversight to enhance and scale its NAV oversight process. UK-based HUB is backed by a consortium that includes State Street.