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…
Category: State Street
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…
Vroegop joins BNY Mellon
Simone Vroegop has joined BNY Mellon as EMEA head of investment managers, based in London. She replaces Mark Moor, who is retiring. Vroegop reports to Irene Speridakos, global head of investment managers. She was previously at BBH, where she led strategy for the investor services business, and also spent nearly 15 years at State Street.
State Street launches T+1 FX solution
In preparation for the US equity market’s transition to a T+1 settlement cycle in 2024, State Street has launched an automated workflow solution and integration with DTCC within State Street’s FX trading service, StreetFX. By connecting to DTCC Institutional Trade Processing (ITP) and its central trade matching platform, CTM, StreetFX can now receive settlement instructions…
DTCC to acquire Securrency
DTCC, the U.S. market infrastructure provider, has signed a definitive agreement to acquire Securrency Inc., a developer of institutional-grade digital asset infrastructure. The acquisition is expected to close shortly. Both U.S. Bank and State Street are investors in Securrency. Securrency will become a wholly-owned subsidiary of DTCC and will operate under the name DTCC Digital…
State Street hires India CEO
State Street has appointed Arindam Banerrji as the firm’s country head for India. Based in Bengaluru, Banerrji reports to Lou Maiuri, president, chief operating officer, and head of investment services. He joins State Street from Wells Fargo, where he most recently served as the executive vice president and managing director for its operating centres in…
Chansky joins SS&C
Neal Chansky has joined SS&C as head of the registered funds business, based in the U.S. Chansky was most recently global head of consultant relations at BNY Mellon, and previously spent 10 years at State Street.
FundGuard expands to London
FundGuard, the provider of a cloud-native SaaS investment accounting platform, has opened a London office. It has also appointed Antony Slee as sales director and Ravi Patel as sales engineering director to lead local commercial initiatives. Both Citi and State Street are investors in FundGuard.
State Street links with LoopFX
State Street has entered into an agreement to make the LoopFX functionality available through FX Connect, part of the GlobalLink suite of e-trading platforms, technology and workflow solutions. LoopFX is creating a new liquidity venue for large spot FX trades by centralising peer-to-peer matching with bank interest. This will enable traders to identify, in real-time,…
Northern Trust appoints HK head of asset servicing
Northern Trust has appointed Aisling Keane as head of asset servicing, Hong Kong. In this newly created role, Keane will lead Northern Trust’s asset servicing business in Hong Kong, Macau and Taiwan, responsible for overseeing the overall strategic direction for the asset servicing business and providing solutions to clients. Keane was most recently head of…