AssetMetrix, the Germany-based fintech in which BNP Paribas has a strategic stake, has opened an office in Luxembourg. Alexander Wedlich has joined AssetMetrix as head of business development for Luxembourg, Belgium and France. Wedlich has worked at Credit Suisse, RBC, CACEIS, Clearstream Banking and BNY Mellon.
Category: Headlines
John Lehner joins FundGuard as president
FundGuard, the U.S./Israel AI-powered investment management and asset servicing enterprise SaaS platform, has appointed John Lehner as president. Lehner, who previously served as global head of State Street’s investment manager services unit and CEO of BNY Mellon Technology Solutions, is responsible for driving the firm’s go-to-market strategy and client-facing activities including broader expansion globally, onboarding…
U.S. Bank launches cryptocurrency custody service
U.S. Bank has launched its cryptocurrency custody service, targeted at institutional investment managers with private funds in the U.S. and/or Cayman looking for a safekeeping solution for Bitcoin, with additional coin support to follow. NYDIG, a technology and financial services company dedicated to Bitcoin, is the first crypto sub-custodian appointed in the bank’s network of…
Citi to administer first OFC for BEA Union Investment
Citi has been appointed by BEA Union Investment Management Limited as fund custodian and administrator for its first mutual fund restructure, converting five funds into an open-ended fund company (OFC). Citi has been providing custody and fund services, including fund accounting, transfer agency and FX share class hedging, to BEA Union Investment since 2013. Eleanor…
FSBA to deploy BNY Mellon’s ESG app
The Florida State Board of Administration (FSBA) has signed an agreement to leverage BNY Mellon’s ESG Data Analytics application to better manage, monitor and analyse ESG data across multiple sources. The application is built on the Microsoft Azure cloud and offered through BNY Mellon’s OMNI securities services platform. FSBA will also be collaborating with BNY…
Northern Trust appoints Gary Paulin to new role
Northern Trust has appointed Gary Paulin as head of Global Strategic Solutions for its asset servicing business. In this newly created position, Paulin, who is based in London, will lead the development and design of solutions that will enable clients to access and benefit from the full range of Northern Trust’s global capabilities. Paulin, who…
Mammoth selects SS&C for new VC fund
Mammoth Scientific, a health science and technology venture capital firm, has selected SS&C as administrator and technology partner for its inaugural USD100m fund. The fund will provide venture capital to health science and technology companies maturing beyond seed rounds. Mammoth is building a proprietary platform to enable registered investment advisors to access venture capital investments…
Jason Nabi joins Arqit from Euroclear
Arqit Quantum Inc., a specialist in quantum encryption technology, has appointed Jason Nabi as managing director, financial services. Nabi, who was briefly at Euroclear, has worked for HSBC, SG and BNP Paribas, as well as Bloomberg, IBM and Paxos.
BNY Mellon invests in Quantexa
BNY Mellon has completed an investment in Quantexa, a data management firm. As part of the deal, Joseph Sieczkowski, BNY Mellon’s CIO of engineering and architecture, will be joining the Quantexa board, and Eric Hirschhorn, chief data officer, will join Quantexa’s advisory board. BNY Mellon already uses Quantexa’s platform and will now expand its relationship…
Citi wins first MO mandate in the Philippines
Citi has been appointed by Sun Life Investment Management and Trust Corporation as its middle office service provider in the Philippines. This mandate makes Citi the first bank in the country to onboard a middle office client. Sun Life Philippines is a financial services institution offering varied business lines including life insurance managed and distributed…