Matsui Securities, a Japanese online securities broker, has selected Broadridge’s cloud-based SaaS post-trade processing solution for its stock lending business. System integrator Intelligent Wave will develop the front office component and system integration, as well as providing project management and overall consultation to Matsui Securities.
Category: Capital Markets
CGS implements Broadridge’s SFCM platform
CGS International Securities Pte. Ltd, an Asia-based financial services provider which is ultimately owned by China Galaxy Securities, has implemented Broadridge’s securities finance and collateral management (SFCM) platform. The single platform will enable CGS International to minimise costs via automation, as well as simplifying workflows and exception-based processes.
eSecLending adopts Pirum’s T+1 solution
eSecLending, a global securities lending agent, has adopted the T+1-ready Recalls Manager solution from Pirum Systems, the UK-based fintech for automated post-trade services. With nearly USD850bn in lendable assets, eSecLending claims to be the industry’s largest independent securities lending agent.
HSBC executes first HK digital bond repo
HSBC has executed a Hong Kong dollar repo transaction with The Bank of East Asia, Limited (BEA), which used Hong Kong government digitally native green bonds as collateral for financing purposes. This is understood to be the first repo in Hong Kong involving digital bonds. Using HSBC Orion as the digital assets platform, HSBC helped…
Pirum expands in North America
Pirum Systems, the UK-based fintech specialising in automated post-trade services, has appointed Frank Seibold as head of commercial development, Americas. He joins the New York office and will work alongside Matthew Lilien, head of sales for North America. He joins Pirum from CME Group, where he was global head of strategic relationship management & head…
SAMI consolidates with NTRS
Sanlam Asset Management (Ireland) Limited (SAMI) has appointed Northern Trust to provide fund administration, transfer agency, custody, depositary and FX services. SAMI is an investment management platform managing funds domiciled in Ireland valued at USD8.7bn. It is part of the Sanlam financial services group headquartered in South Africa. Northern Trust is now the sole provider…
BNPP appoints new head of APAC M&FS
BNP Paribas has appointed Benoit Uhlen as APAC head of market & financing services. Based in Hong Kong, he is responsible for further strengthening securities services’ M&FS offering in APAC, including securities lending, FX, triparty collateral management and financing. Uhlen has worked for BNPP’s securities services for more than 25 years.
FXall connects to Saphyre
FXall, a London Stock Exchange business, will implement Saphyre‘s patented technology to expedite their clients’ readiness to trade and reduce delays related to post-trade processes. Clients onboarding new funds through FXall will have a single entry process to set up their funds for all their liquidity providers at one time, and to share related legal…
BBH adds to markets strategy team
BBH has expanded its markets strategy team with the appointment of Elias Haddad as senior markets strategist. Based in London, he will provide insights and research that help clients navigate and understand the global economy and make informed decisions about their FX strategy. Prior to joining BBH, Haddad spent eight years with the Commonwealth Bank…
MUFG hires from Credit Suisse
MUFG Investor Services has hired Tim Bulmer as global head of asset-backed fund financing, based in London. He was previously at Credit Suisse.