AccessFintech, the UK-based provider of real-time data insights and collaboration across financial markets, is working with BNY Mellon to bring a joint solution to the market for addressing FX workflow challenges ahead of the imminent switch to T+1 settlement in the U.S.. BNY Mellon and AccessFintech are collaborating to provide clarity on securities trades’ ‘predicted…
Category: Headlines
U.S. Bank hires ETF CCO
U.S. Bank has hired Josh Jacobs for the newly created role of chief commercial officer for ETFs. He will be responsible for all aspects of the business development and relationship management coverage of the ETF business. Jacobs brings more than 20 years of financial services experience, most recently at J.P. Morgan, where he was head…
BNY Mellon expands in UAE with new Lunate mandate
BNY Mellon has deployed its cloud native data platform for the first time in the UAE, after being commissioned by Lunate Capital, the Abu Dhabi-based global alternative investment manager, to provide it with a data operating model. Lunate Capital, which has >USD50bn AuM, recently appointed BNY Mellon as administrator, transfer agent and global custodian for…
Brenda Bol leaves BNY Mellon
Brenda Bol has been appointed country head and managing director at Cecabank S.A. (Luxembourg), a new branch currently under the application process for a banking licence. Cecabank is a wholesale Spanish bank providing specialised services in securities services, payments, treasury management and digital solutions. Bol moves from BNY Mellon, where she was country head for…
Kross joins State Street
Jeremy Kross has joined State Street in the business development team for the asset manager and alternatives space. Based in the U.S., Kross, who was previously at BNY Mellon, reports to Nick Clapham, head of sales & business development for the sector.
Socium partners with Axos
Axos Bank, the bank subsidiary of Axos Financial, Inc., has partnered with Socium Fund Services, a Suntera Global company specialising in private equity and private credit fund administration, to upgrade Socium’s loan agency offering and overall fund administration services for its private fund clients. This alliance enables Socium to manage all loan file management operations…
FINBOURNE partners with Droit
Droit, a technology firm specialising in computational law and regulation, will partner with FINBOURNE Technology, a provider of cloud-based investment data management software, to launch an end-to-end position reporting solution for increased regulatory transparency. Over one hundred global jurisdictions have position reporting obligations, requiring market participants to report equity and equity derivatives holdings to regulatory…
6 Monks appoints Zodia
6 Monks has become the first AIFM authorised to manage third-party digital assets funds, following recent approval from Luxembourg’s Commission de Surveillance du Secteur Financier (CSSF). This marks the first time professional investors in European jurisdictions have been permitted to invest directly into digital assets through a regulated or semi-regulated AIF. 6 Monks has appointed…
GemCap renews with CACEIS
CACEIS has renewed its partnership with GemCap Investment Funds (Ireland) PLC, a multi-manager UCITS platform supported by Gemini Capital Management, a UCITS ManCo. GemCap is a specialist in the UCITS fund space, offering Irish-based operational and regulatory solutions. The renewal, for >EUR4.7bn (USD5bn) AuC/A, covers depositary, custody, fund accounting, transfer agency and production of financial…
Northern upgrades SAP
Northern Trust has upgraded its SAP Financial Asset Management application to SAP S/4HANA, which enhances its insurance investment accounting and analytics services solution, developed to support the full spectrum of investment accounting and regulatory reporting needs for U.S. insurance companies and corporate and endowment markets. The upgrade incorporates Northern Trust’s interactive digital interface with SAP…