HSBC Securities Services has hired Adnan Hussain as global head of agency lending. He is based in London and reports to Seb Danloy, global head of asset managers & owners. Hussain joins from BNP Paribas, where he was global head of agency securities lending and head of market and financing services for the UK. The…
Category: Capital Markets
SS&C changes Eze leadership team
SS&C has made changes to the SS&C Eze organisation and executive leadership team. Michael Hutner, currently global head of sales, will lead the business as general manager of SS&C Eze. Under the new structure, Hutner will report to Robert Roley, senior vice president, SS&C. He replaces Jeff Shoreman, who is leaving the company. Additionally, Mike…
State Street launches peer-to-peer sec lending platform
State Street has launched Direct Access Lending, a securities finance product that enables direct, principal loans between its lending and borrowing clients. The new managed peer-to-peer product will leverage both its agency lending and enhanced custody product. The product offers a seamless peer-to-peer model, supported by the operational efficiency and expertise of a managed securities…
BNY Mellon forms strategic alliance with Bloomberg
Following its alliance deal with BlackRock Solutions earlier this year, BNY Mellon has formed a strategic alliance with Bloomberg that further integrates BNY Mellon’s data, analytics, and servicing capabilities with AIM, Bloomberg’s portfolio management, trading and compliance platform. The new connectivity streamlines data delivery between the two firms and enables clients to access BNY Mellon’s…
CTIM selects Northern Trust’s Integrated Trade Solutions service
Northern Trust has been appointed to provide its Integrated Trading Solutions service and MiFID II transaction reporting to Charles Taylor Investment Management (CTIM), the fund management business of Charles Taylor plc, a professional services and technology solutions provider to the global insurance market. CTIM has USD2bn AuM. The mandate expands CTIM’s existing relationship with Northern…
Northern Trust boosts TM business with two hires In Australia
Northern Trust has made two appointments in its capital markets business. Mat Cook has been appointed to lead Northern Trust’s transition management offering across Asia-Pacific, based in its Sydney office. Cook joins from State Street, where he worked for the past nine years as a transition manager. Rob Dixon joins the transition management team in…
Northern Trust appoints Grace Hayman for senior ANZ SL role
Northern Trust has appointed Grace Hayman as senior relationship manager for its securities lending business in Australia and New Zealand. Based in Sydney, Hayman will also be responsible for leading securities lending business development activities across the region. Hayman was most recently based in Northern Trust’s Singapore office where she managed the Southeast Asian securities…
BNY Mellon launches 24×5 ETF dealing for Irish funds
BNY Mellon has introduced extended dealing hours for Irish-domiciled UCITS ETFs to support the distribution of these products globally. Known as 24×5 ETF Dealing, hours are extended to ETF issuers through BNY Mellon’s transfer agency hubs in Singapore and Syracuse, New York. This means issuers can now deal Irish UCITS ETFs from Monday morning in…
Northern Trust launches securities loan pricing engine
Northern Trust has developed a securities lending pricing engine that uses machine learning and advanced statistical techniques to support revenue growth for clients by more effectively forecasting loan rates.
Northern Trust launches agency options trading desk
25JUL19: Northern Trust has established a dedicated options trading desk within its institutional brokerage business. The Chicago-based options desk provides institutional clients globally with options trading and streamlined reporting for prime brokerage. Options trading at Northern Trust is offered through an agency model with no principal trading operation. Northern Trust executes more than USD350bn notional…