Euroclear has taken a minority stake in Proxymity, the digital investor communications platform.
Category: FinTech
AB selects SimCorp
AllianceBernstein Holding L.P. and AllianceBernstein L.P. have selected SimCorp as their core investment technology partner. In 2024, AB expanded its relationship with BBH by adding to its data management services for fund operations.
Bain appoints Alter Domus
Bain Capital Credit has appointed Alter Domus to provide CLO middle- and back-office services and bank loan settlement services for its global liquid and structured credit portfolios valued at more than USD30bn. Under the mandate, Alter Domus will deliver middle and back-office solutions, including loan administration and loan trade settlement for Bain Capital Credit’s portfolios.…
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…
ZILO hires head of wealth
ZILO, the UK-based fintech specialising in global asset and wealth management software, has appointed Doug Boyce as managing director, wealth. He reports to Phil Goffin, CEO and founder at ZILO.
Mondrian partners with FundGuard
Mondrian Investment Partners is partnering with FundGuard, the cloud-native, AI-enabled investment accounting platform, as part of its initiative to modernise its investment operations platform. FundGuard’s solution includes real-time investment accounting, ABOR and IBOR, as well as general ledger capabilities for both funds and separately managed accounts, across equities, fixed income and derivatives.
iCapital to acquire Passthrough
Passthrough, the fintech focused on the alts sector, is to be acquired by iCapital, the fintech platform for alternative investments.
Saphyre hires new COO
Saphyre has hired Damian Handzy as COO. Prior to joining Saphyre, he was managing director of analytics at Confluence Technologies, where he led the performance, risk and reporting businesses. He replaces Ray Shivers, who joined in 2022 from BlackRock. He will take on a new role as chief partnership officer, focused on expanding and strengthening…
Gen II upgrades waterfall solutions
Gen II has appointed Beverly Shealy as head of waterfall solutions. She was previously at J.P. Morgan. Gen II has signed a long-term licensing agreement with S7 Fund Ops, a provider of automated waterfall solutions for private capital funds.
Pielow returns to Taskize
Taskize, the investment operations collaboration platform owned by Euroclear, has hired Ben Pielow as senior sales executive. Most recently, he was director of strategic accounts at Genesis Global, a software application development business backed by Bank of America, BNY and Citi.