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Butterfield Fulcrum upgrade fund accounting
15 May 2012 London and New York
Reporter: Georgina Lavers

Fund services provider Butterfield Fulcrum has upgraded to Advent’s Geneva 8.5, a new release of Geneva, Advent’s global portfolio management and fund accounting solution...

Sheldon Woldt new Middle Eastern head of Northern Trust
15 May 2012 London
Reporter: Georgina Lavers

Northern Trust has appointed Sheldon Woldt to the newly created role of head of the Middle East, responsible for leading the continued growth of its business in the region...

Interactive Data Corporation expands OTC service
15 May 2012 London and New York
Reporter: Georgina Lavers

Interactive Data Corporation will expand its OTC derivatives valuation service to include independent evaluations of credit default swaps (CDS) and select CDS Indices...

BNP Paribas gets new securities services head in India
15 May 2012 London
Reporter: Mark Dugdale

BNP Paribas Securities Services has appointed Viraj Kulkarni as head of securities services in India. The firm hopes that Kulkarni will drive its custody business in a developing Indian market...

£345 million charity mandate for Northern Trust
14 May 2012 London
Reporter: Georgina Lavers

Northern Trust will provide custody and related services for £345 million in charity assets for The Nesta Trust, adding to previously announced mandates of charities including the £710 million Health Foundation...

SocGen Securities Services becomes ISAE certified
14 May 2012 Paris
Reporter: Georgina Lavers

Societe Generale Securities Services (SGSS) has obtained ISAE 3402 Type II certification for its internal control procedures...

Bravura bolsters its transfer agency team
14 May 2012 London
Reporter: Georgina Lavers

Formerly working in the product teams at J.P. Morgan and BNY Mellon, Andrew Palmer has joined Bravura as product manager for Rufus, the company’s transfer agency administration platform...

Guggenheim Investments selects Milestone for NAVs
14 May 2012 Boston
Reporter: Georgina Lavers

Guggenheim Investments has selected Milestone Group’s pControl platform to automate the management and control of its NAV production and validation processes...

Burgundy launches competitive clearing
14 May 2012 Stockholm
Reporter: Mark Dugdale

Nordic securities exchange Burgundy has launched a competitive clearing service that allows customers to choose between European clearinghouses the European Multilateral Clearing (EMCF) and SIX x-clear...

Fund admin and custody mandate for Irish Citibank
14 May 2012 Ireland
Reporter: Georgina Lavers

Citibank Ireland will provide administrative and custodial services to two UCITS IV funds launched by Cheyne Capital Management. The Cheyne Global Credit Fund is a UCITS IV compliant fund offering weekly liquidity...

David Polen returns to Fidessa
14 May 2012 New York
Reporter: Georgina Lavers

Fidessa, financial information solutions provider, will see David Polen as head of business development in their US office. Polen is to be responsible for Fidessa’s strategic development efforts in the US, and reports to Mark Ames, CEO of Fidessa's

UBS fund administration lured to Big Apple
11 May 2012 London
Reporter: Georgina Lavers

It has been reported that the hedge fund administration sector of UBS is launching its first US location in New York, due to demand from clients for a local administrative presence...