Pirum, the fintech focused on securities finance and collateral management, has appointed Richard Marquis as director, sales, North America. Based in New York, Marquis joins Pirum from MUFG Securities, where he ran the securities finance regulatory project for 10c-1a compliance. He has also worked at BNY, J.P. Morgan and UBS.
Category: Capital Markets
ECPOConnect goes live
BNY Mellon has gone live with the first client for ECPOConnect, a collateral optimisation service developed in collaboration with Pirum Systems, the post-trade services fintech. The inaugural client is a Canadian bank. This new service combines BNY Mellon’s collateral management service, ECPO, with Pirum’s CollateralConnect platform, a SaaS-based solution supporting front-to-back cross-asset margin, collateral and…
State Street appoints head of sec finance
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…
Qatar strikes first sec lending deal
The Qatar Stock Exchange and Edaa Qatar have overseen the first onshore securities lending and borrowing transaction in Qatar. HSBC acted as custodian and agent lender for this transaction while QNBFS acted as the borrower.
Swissquote expands with BNPP
BNP Paribas has been mandated by Swissquote, a provider of online banking, to provide custody services. The mandate expands the existing relationship between Swissquote and BNP Paribas, which covers execution for cash equities, to include global and local custody services for Swissquote’s portfolio of assets in European markets.
New Silk Road outsources trading
Northern Trust has been selected to provide outsourced trading via its Integrated Trading Solutions (ITS) for New Silk Road Investment Pte Ltd., a Singapore-based investment manager. In addition to the new mandate for trading services, Northern Trust continues to provide global custody services for New Silk Road funds, which it has done since 2011.
BNY Mellon partners with AccessFintech for T+1
AccessFintech, the UK-based provider of real-time data insights and collaboration across financial markets, is working with BNY Mellon to bring a joint solution to the market for addressing FX workflow challenges ahead of the imminent switch to T+1 settlement in the U.S.. BNY Mellon and AccessFintech are collaborating to provide clarity on securities trades’ ‘predicted…
HSBC leads funding round for HQLAᵡ
HQLAᵡ has closed a Series C investment round led by HSBC, with participation from existing shareholders including BNP Paribas, BNY Mellon, Citigroup, Deutsche Börse Group, Goldman Sachs and J.P. Morgan. As part of HSBC’s investment, Jamie Anderson, head of collateral treasury trading at HSBC, will join the HQLAᵡ board of directors. HQLAᵡ is fintech that…
Pirum hires for North America
Pirum, the post-trade services fintech specialising in the securities finance sector, has hired Mark Jennis to lead business development for CollateralConnect in North America. Jennis was previously at Transcend, a provider of liquidity, funding, and collateral optimisation solutions.
Ultimus partners with PennHaven
Ultimus Fund Solutions, a U.S.-based provider of middle office, fund administration, accounting, and investor solutions, has formed a partnership with PennHaven Brokerage Partners. The partnership enables Ultimus to offer asset managers outsourced trade execution and trading desk services through PennHaven, combined with Ultimus’ middle office services, including post-trade settlement, IBOR, performance and attribution reporting, and…