Legal & General Investment Management (LGIM) is extending its existing partnership with State Street by expanding its usage of Charles River technology and to deliver middle office servicing. LGIM says that the appointment of State Street, as well as the expansion of its use of Charles River technology across a number of its investment management…
Category: Capital Markets
State Street to deploy Canoe’s ML technology for private markets
State Street plans to implement a cloud-based, machine learning technology to transform private markets processing and document management. Through State Street’s partnership with Canoe Intelligence, allocators and managers in the private markets sector will have an integrated experience where traditionally onerous and manual alternative investment workflows will be automated and streamlined, reducing processing time and…
Euroclear appoints Citi veteran as new chairman
Euroclear has appointed Francesco Vanni d’Archirafi as chairman of the Euroclear group boards, subject to shareholder approval. He joins Euroclear from Citi, where he was vice chairman of banking, capital markets and advisory for EMEA. In his 38-year Citi career, Vanni has been CEO of Citi Transaction Services, and Citi Holdings, where he managed the…
Broadridge launches DLT repo platform
Broadridge Financial Solutions, a fintech provider, has gone live with its its distributed ledger repo (DLR) platform. The launch comes after multiple pilots with sell-side and buy-side firms. DLR provides a single platform where market participants can agree, execute and settle repo transactions. DLR allows for the immobilisation of the underlying securities in the repo…
RBC launches FX TCA service
RBC Investor & Treasury Services has launched its FX transaction cost analysis (TCA) service for currency overlay services (COS) clients. The service, which uses analytical technology provided by State Street-owned BestX, will provide RBC’s COS clients with independent FX TCA reporting to oversee and assess the execution quality of their COS transactions. COS is available…
Laide Majiyagbe joins BNY Mellon to head financing & liquidity
BNY Mellon has appointed Laide Majiyagbe as head of financing and liquidity, assuming oversight of the securities finance, liquidity services and collateral segregation businesses. In this newly created role, Majiyagbe will oversee the strategic direction for BNY Mellon’s financing, collateral and short-term liquidity offering. She joins BNY Mellon from Goldman Sachs, where she spent 14…
Fidelity launches agency lending platform
Fidelity Investments, which has AuM of USD10.3trn, has launched Fidelity Agency Lending, a digital platform that manages all aspects of securities lending for asset managers and other institutions. Fidelity Agency Lending has been a securities lending agent for the Fidelity mutual funds since 2019 and is currently responsible for more than USD2trn in assets.
LJ Jhangiani joins MUFG IS securities lending team
LJ Jhangiani has joined MUFG Investor Services’ global securities lending solutions team He will be working for Tom Ryan, head of asset & liability trading, as head of securities lending automated processing. He was previously at BMO Harris Bank.
U.S. Bank invests in FX specialist Lumint
U.S. Bank has made an equity investment in Lumint, a Boston-based company that provides currency management services to institutional investors. Earlier this year, U.S. Bank launched a new passive currency hedging service powered by Lumint’s technology. In 2018 Lumint formed a strategic partnership with Northern Trust.
AllianceBernstein makes fixed-income history
AllianceBernstein has become the first buy-side firm to receive aggregated liquidity from multiple buyers on the same corporate bond block trade. The trade was enabled by LTX, a Broadridge company, and powered by LTX’s patented RFX protocol. AllianceBernstein tapped into its dealer’s client network to sell a large block of bonds and access aggregated liquidity…