American Enterprise Group has selected SS&C’s Precision LM platform for loan servicing, accounting, asset management, valuation, and reporting. AEG has multiple insurance company subsidiaries under the American Republic, Great Western Insurance Company, and Medico brands.
Category: FinTech
SANNE hires Christopher Thoume for prod dev role in London
SANNE, the UK-based provider of alternative asset and corporate services, has appointed Christopher Thoume as director, product development in its London office. He will specialise in the development of SANNE’s product and digital solutions. He was previously the chief of staff to KPMG’s global head of fintech and COO of its UK blockchain and digital…
Genesis IM takes Northern’s ITS solution for global equities
Northern Trust is to provide its Integrated Trading Solutions service to UK-based Genesis Investment Management for global equity trading. Neil Dacey, head of trading at Genesis, will take up a management role in Northern Trust’s trading team overseeing emerging markets execution. This builds on Northern Trust’s existing fund administration and custody relationship with Genesis for…
BNY Mellon onboards Liontrust to upgraded MO platform
BNY Mellon has on-boarded Liontrust Asset Management Plc, a UK asset manager, as the first end-to-end client on its new investment operations (middle office) platform. The new open architecture platform, which is still branded as OnCore, aims to improve automation and integration capabilities, and offer enhanced data management and control capabilities to institutional asset managers.…
NES to service OZ fund for Arctaris Impact Investors
NES Financial, the Silicon Valley-based administrator, has been appointed by Arctaris Impact Investors, a Boston-based investment firm, to provide Opportunity Zone fund administration services.
Citi’s Proxymity voting platform rolled out in Australia
Proxymity, Citi’s end-to-end proxy voting platform that directly connects the issuer and investor, has been rolled out in Australia. In collaboration with Computershare, Proxymity was deployed for 561 Australian shareholder meetings with votes covering AUSD86bn (USD58bn) of shares. The platform recorded vote transmission times of as low as 27.5 seconds for European investors that voted…
Northern Trust deploys IHS Markit’s technology for syndicated bank loans
Northern Trust has automated processing of the full trade settlement lifecycle for syndicated bank loans through integration with IHS Markit’s ClearPar Custodian Services Messaging capability. Designed to deliver trade data in a standardised format via secured communications, this service increases scalability and efficiency while reducing the risks inherent in a manual trade settlement process. The…
J.P. Morgan takes stake in Arcesium
J.P. Morgan has taken a stake in Arcesium, the U.S.-based investment management technology and professional services firm. The investment deepens Arcesium’s strategic partnership with J.P. Morgan, including its securities services business, which already uses Arcesium’s technology for some parts of its alternative fund servicing operation. Terms of the investment were not disclosed.
State Street partners with iCapital Network for alts distribution
State Street has entered into a new partnership with iCapital Network, the financial technology platform specialising in alternative investment. The collaboration will combine State Street’s registered transfer agency and private market fund administration capabilities with iCapital’s platform technology and distribution network to enhance the offering and servicing of U.S. registered funds. With high net worth…
NES Financial to administer OZ fund for Hatteras Sky
NES Financial, the Silicon Valley-based administrator, has been appointed to administer a Salt Lake Opportunity Zone Fund for Hatteras Sky, a commercial real estate development firm.