Category: Headlines

Railpen, the fiduciary and investment manager of the UK railways’ pension schemes, has appointed BNY Mellon to provide a cloud-based data platform that aims to simplify its data architecture and support the resilience of its operating model. The platform will deliver greater insights from Railpen’s proprietary data for investment reporting and analytics. Railpen is responsible…

Entrust Evergreen Partners has appointed Apex to provide fund administration services and has announced the launch of its inaugural pan-Asia publicly listed equities fund. EEP is an independent investment firm operating out of Hong Kong.

Crestbridge, the UK-based administrator, has appointed James Morris as commercial director for Europe. He joins from TMF, where he was head of EMEA private equity & debt fund sales. Crestbridge is negotiating the sale of its fund administration business to Gen II, one of the world’s largest independent private capital fund administrators, with >USD1trn AuA.

Citi has been appointed by Global X ETFs, part of Mirae Asset Financial Group, to service Hong Kong’s first covered call ETFs. Mirae manages assets of >USD535bn and has over 575 ETFs globally with USD109bn AuM. Global X ETFs has launched the Global X HSI Components Covered Call Active ETF and Global X HSCEI Components…

SLIB, the post-trade fintech, and Clarus Risk, an Apex Group company focused on risk management solutions, have rolled out RiskMonitor within SLIB’s RMS (Risk Management Solution) platform. The platform is designed to provide improved governance and transparency for multi-asset risk exposures to enable greater efficiency within the brokerage market. RiskMonitor’s API solution utilises a multi-asset…

ETC Group has appointed Zodia Custody to support its latest ETP listed on Deutsche Börse XETRA, the ETC Group Ethereum Staking ETP, a total return exchange-traded product that tracks the Compass Ethereum Total Return Monthly Index. The ETP is fully backed by the underlying digital assets, and counterparty risk is negated through an independent trustee.…

Northern Trust has selected FINBOURNE Technology, the UK-based fintech, to provide valuations and reporting capabilities for its enterprise global technology. Northern Trust will leverage FINBOURNE’s cloud-native financial data management solution, LUSID, and data virtualisation engine, Luminesce, to modernise its valuations and reporting functions and provide enhanced service delivery to clients.

BNY Mellon has hired Elliott Brown as head of alternatives for the asset servicing business. Based in New York, he reports to Christine Waldron, global head of fund services. He was previously at Citco and has also worked at Apex and J.P. Morgan.