State Street has appointed Brian Franz as chief information officer. Franz, who joins the company in January 2020, will report to chief operating officer, Lou Maiuri, and will become a member of the management committee. Franz joins from Diageo PLC. His appointment follows the departure of Antoine Shagoury, the previous CIO, earlier this year, and…
Category: FinTech
BNY Mellon and SimCorp connect
BNY Mellon and SimCorp are connecting BNY Mellon’s custody services with SimCorp’s front-to-back investment management system, SimCorp Dimension. This follows BNY Mellon’s recent deals with Bloomberg and BlackRock Solutions.
NES to service new OZ fund for Synergy Financial
NES Financial, the Silicon Valley-based administrator, has been appointed to provide its Opportunity Zone fund administration solution to Synergy Financial, a real estate investment firm based in Boston.
Charles River appoints Spiros Giannaros as president
Charles River Development, a State Street company, has appointed Spiros Giannaros as president. In this role, Giannaros will be responsible for day-to-day operations of the company including product, development, sales and services for the Charles River Investment Management Solution. He will report to John Plansky, CEO. Most recently, Giannaros was head of platform strategies at…
HSS launches blockchain platform for private asset recordkeeping
HSBC Securities Services has launched Digital Vault, a custody blockchain platform to digitise the transaction records of private placements. The platform will enable global custody clients to access details of their private assets, including equity, debt and real estate, directly and in real-time instead of having to request a search of paper-based records. HSS says…
Fidelity wins authorisation for NY state digital currency custody
The New York State Department of Financial Services (DFS) has granted a charter to Fidelity Digital Asset Services, LLC (FDAS) to operate as a limited liability trust company as part of the state’s virtual currency marketplace. DFS has authorised FDAS to provide a virtual currency custody and execution platform, on which institutional investors and individuals…
NES Financial launches admin service for 1031 DST managers
NES Financial, the Silicon Valley-based specialist administrator, has added a new, purpose-built fund administration service to its current lineup of EB-5, 1031 exchange, private equity and opportunity zone offerings. The 1031 Delaware Statutory Trust (DST) administration solution uses NES Financial’s eSTAC administration technology to provide security, transparency, and compliance to DST managers and their clients.
BP2S takes stake in AssetMetrix
BNP Paribas Securities Services has taken a stake in the German fintech firm, AssetMetrix. The partnership will enable BPSS to expand its services for private capital clients and investors. By deploying AssetMetrix’s services within its private capital business, BPSS will give its clients access to analytics and reporting tools dedicated to the analysis of private…
Northern Trust partners with BondEvalue in Singapore
Northern Trust and BondEvalue, a Singapore-based fintech firm, have established a partnership to deliver integrated asset servicing and digital solutions for fractional ownership of fixed income bonds. BondEvalue’s regulated platform will facilitate trading of fractionalised investable assets based on wholesale bonds, while Northern Trust will be its exclusive asset servicing provider. This partnership follows the…
BNY Mellon adds four new fintech partnerships
BNY Mellon has announced four new fintech partnerships as part of its digital strategy: In collaboration with EZOPS, BNY Mellon has launched an artificial intelligence-based reconciliation and data control solution. BNY Mellon has already implemented the solution in its alternative investment services business and the firm is now expanding the capabilities across other lines of…