State Street has entered into an agreement with Invesco Ltd., the U.S.-based asset manager with USD1.4trn AuM, which will result in Invesco adopting State Street Alpha, the first front-to-back asset servicing platform from a single provider for institutional and wealth management firms. The migration to Alpha is intended to simplify Invesco’s investment infrastructure to improve…
Category: Capital Markets
Northern Trust to establish eFX pricing engine in Singapore
Northern Trust is to establish a new electronic foreign exchange (eFX) pricing engine in Singapore, in partnership with the Monetary Authority of Singapore. This will be Northern Trust’s first eFX engine in Asia-Pacific.
BNY Mellon adds FICC cleared repo to LiquidityDirect portal
BNY Mellon has made FICC sponsored cleared repo available through its LiquidityDirect short-end investment portal. Institutional clients can now seamlessly invest cash in cleared repo through LiquidityDirect. The addition of cleared repo to LiquidityDirect broadens the range of short-term investments on the platform to include a secured, centrally cleared alternative that provides counterparty diversity and…
State Street plans ESG-aware commingled cash collateral service
State Street plans to roll out its agency lending program’s first ESG-aware commingled cash collateral reinvestment strategy. The agency lending team has partnered with State Street Global Advisors, its asset management business, to provide securities lending clients with a commingled cash collateral reinvestment strategy that follows short-term investment guidelines, while considering R-Factor, a proprietary ESG…
BNY Mellon accepts Chinese bonds as triparty collateral
BNY Mellon has facilitated better investor utilisation of Chinese fixed income assets following the introduction of the bonds as eligible collateral on BNY Mellon’s triparty platform through Hong Kong’s Bond Connect. BNY Mellon’s new solution enables clients to deploy these assets as collateral. Once the assets are within the bank’s triparty platform, clients can use…
MUFG hires from Deutsche Bank – again
Thomas Ryan has joined MUFG Investor Services as head of asset and liability trading in New York, reporting to Tony Toscano, head of North American global securities lending solutions. Ryan joins from Deutsche Bank.
Citi launches sec lending solution for wealth managers
Citi has launched the first fully automated securities lending solution for wealth management firms, in partnership with fintech firm Sharegain. Through Citi’s solution, wealth managers can deliver a securities lending program to their clients, giving them the opportunity to earn additional revenue on their stocks, bonds and ETFs, without developing an internal program from scratch.…
HSBC completes first sec lending trade in Saudi Arabia
HSBC has completed the first securities lending transaction in Saudi Arabia. HSBC acted as custodian and agent lender on the transaction for a large regional asset owner, enabling HSBC, in its role of prime broker, to borrow Saudi Arabian equities from the asset owner and provide access to the country’s equities market for a global…
TriVista expands relationship with Northern Trust
Northern Trust has been appointed by Japan-based manager, TriVista Capital Inc., to provide global custody services and manage securities lending for its two Cayman-domiciled funds.
HSBC launches FX HEAT to analyse FX hedging effectiveness
HSBC has launched FX HEAT, a tool for asset managers and institutional investors to independently analyse the effectiveness of their currency hedging strategies. Users can access independent reports on an automated basis to enhance the governance and oversight of their FX hedging. HSBC’s FX services team worked in collaboration with an independent quantitative specialist to…