BNP Paribas’ securities services business has extended its multi-custodian third-party Automated FX service to continental Europe. La Financière de l’Échiquier, a European asset manager with EUR28bn (USD33bn) AuM, is the first client in France to benefit from the bank’s third-party FX solution, covering all 40 of its French funds.
Category: Capital Markets
Northern Trust adds Berenberg to currency hedging service
Northern Trust has added Berenberg to its framework of dynamic currency hedging solutions, enabling Northern Trust’s clients to incorporate third-party currency management strategies, such as Berenberg’s AI based models, into their range of risk management choices. Berenberg is one of Europe’s oldest banks and is among the leaders in applying AI to financial markets. Its…
Euroclear launches DVP repo service
Euroclear has launched a U.S. Treasury DVP repo service. The new solution is designed for U.S. Treasury repo market participants operating in the U.S. settling USD transactions. The first trade was completed between Euroclear Bank and Toronto Dominion Bank London. The service offers cash lenders similar operational efficiency for DVP repo transactions as triparty repo…
OCBC deploys Citi’s sec lending platform
OCBC Group, the Singapore-based bank, has deployed the Citi Securities Lending Access platform, to roll out a securities lending programme. The programme is available to retail and corporate customers of OCBC Securities, as well as clients of its private banking arm, Bank of Singapore,
Pirum strengthens origination teams
Pirum, the fintech focused on the securities finance and collateral management sector, has hired Andrew Miller as head of origination, NAM, and Charlie Wallis as director of origination, EMEA. Based in New York, Miller joins Pirum from AccessFintech. Wallis, based in London, joins from LSEG.
Pirum appoints CPO
Vinod Bhaskaran has joined Pirum as chief product officer. He joins from Nasdaq Calypso, where he was head of product management.
DTCC partners with Digital Asset & Canton
DTTC has partnered with Digital Asset and the Canton Network to enable the tokenisation of DTC custodied assets on the Canton Network. The partnership follows DTC’s recent receipt of a No-Action Letter from the SEC to implement and operate a new service to tokenise real-world, DTC-custodied assets. Through this partnership, DTCC plans to enable a…
Pirum appoints chairman
Pirum, the fintech focused on securities finance automation and collateral management, has appointed Richard Bentley as non-executive director and chairman of the Pirum board of directors. His most recent roles include chief product and engineering officer at Adenza (formerly Calypso and AxiomSL, now part of Nasdaq Inc). This follows the recent appointment of Ben Challice…
Wynn returns to J.P. Morgan
Michael Wynn has returned to J.P. Morgan after five years at Citi, where he was most recently head of execution services for the securities services business. At J.P. Morgan Wynn is global head of liquidity and FX for its securities services business.
Challice steps up at Pirum
Pirum, the fintech focused on the securities finance and collateral management sector, has appointed Ben Challice as CEO. Challice re-joined Pirum last year as president & chief of strategy from J.P. Morgan, where he led its trading services business globally.