Citi has hired Joe Bonanno as global head of data, digital and innovation for its securities services business. Bonanno joins from Morgan Stanley, where he was most recently head of analytics and data strategy, architecture, and platforms for its wealth management division. Fiona Horsewill, global head of data and digital, Michael Hlava, global head of…
Category: FinTech
Confluence appoints chief strategy officer
Confluence, the U.S.-based technology solutions provider for the investment management industry, has appointed Sanjoy Chatterjee as chief strategy officer. Chatterjee is also the managing director of Confluence’s investment insights & research product division and will be responsible for defining the strategic direction of Confluence. Chatterjee joined Confluence with the 2021 acquisition of Investment Metrics, where…
Universal Investment partners with Accelex
Universal Investment and Accelex have launched an initiative to offer an enhanced range of data services to alternative investors. Accelex, a UK-based provider of data acquisition, analytics and reporting services for alternative investors and asset servicers, will help to deliver comprehensive portfolio analytics for alternative investments, including detailed underlying asset insights.
Citi partners with METACO
Citi has selected METACO to develop and pilot digital asset custody capabilities. Citi intends to integrate METACO’s bank-grade digital asset custody and orchestration platform, Harmonize, into its existing infrastructure, to develop and pilot digital asset custody capabilities.
SimCorp appoints head of AsPac
SimCorp, the provider of SaaS investment management solutions, has appointed Edward Bee as managing director, Asia Pacific. Based in Singapore and reporting to SimCorp’s CEO, Christian Kromann, Bee joins from AllVue, where he was managing director, Asia Pacific. He takes over as from Oliver Johnson who has moved to the company’s head office in Copenhagen…
Sunibel opts for PFS-PAXUS
Sunibel Corporate Services, a Mauritius-based administrator, has selected the PFS-PAXUS fund administration system for its third-party fund administration business operations. Pacific Fund Systems, the provider of PFS-PAXUS, services a client base with more than USD1tn of assets. Sunibel offers fund administration services to alternative funds, including fund accounting, investor services, compliance and tax services. PFS-PAXUS…
Temenos launches contingent NAV solution
Temenos, the Swiss-based provider of fund servicing software, has launched Multifonds Navigator, an NAV oversight and contingency solution for asset managers who outsource their fund accounting operations to third-party administrators. Multifonds Navigator provides an estimated NAV and IBOR valuation that is calculated across asset classes and multiple jurisdictions automatically. This allows asset managers to independently…
Secfi appoints SS&C
Secfi, a U.S.-based employee equity planning and financing platform, has appointed SS&C to provide administration and fund accounting for its fund. In addition, SS&C’s Precision LM and TNR Solution will facilitate access for private company shareholders and employees looking for financing or liquidity for their employee stock options. SS&C will support the financing of pre-IPO…
Apex to acquire in Malta
Apex plans to acquire ZASMalta, a specialist provider of regulatory compliance and risk management services. Malta-based ZAS provides regulatory compliance and risk management, reporting and internal audit services to USD20bn of assets across 50 clients. The acquisition will expand Apex’s presence in the Malta market where the group has been actively involved in the funds…
Gen II partners with NTT
Gen II Fund Services, the U.S.-based alternative fund administrator, has chosen NTT Ltd., a global technology services provider, as its managed cloud services provider to accelerate its digital transformation journey. The multi-year agreement will consolidate Gen II’s cloud support and security desks, providing the firm and its clients with enhanced efficiency, security, and scalability in…