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FHL Bank partners with SimCorp
20 February 2024 US
Reporter: Jack McRae

The eight-year partnership will allow FHLBank to use SimCorp’s investment management platform, SimCorp Dimension, to simplify the bank’s day-to-day operations

BNP Paribas’ Securities Services appoints Benoit Uhlen
20 February 2024 Hong Kong
Reporter: Klea Neza

Based in Hong Kong, Uhlen will harness the bank’s integrated bank model and client-oriented approach to technology

Citi to provide custody and fund administration services for Ausbil
20 February 2024 Australia
Reporter: Jack McRae

The Australian fund manager looks to strengthen its profile further in Australia and internationally

Lunate picks BNY Mellon for fund services
20 February 2024 UAE
Reporter: Lucy Carter

Based in Abu Dhabi, Lunate is a subsidiary of private investment firm Chimera Investment

BoE acquires powers to restrict CCP discretionary payments
19 February 2024 UK
Reporter: AST

UK central bank powers to limit CCP discretionary payments to employees and shareholders came into effect from 16 February, with these powers limited to five years’ duration and with consideration given to impact on CCP hiring and staff retention

Socium Fund Services partners with Hedgebay Securities
16 February 2024 US
Reporter: Jack McRae

Socium Fund Services has partnered with Hedgebay Securities to offer customisable secondary market liquidity solutions for fund managers

Citi, WisdomTree and Wellington Management conduct tokenisation trial for private funds
16 February 2024 US
Reporter: AST

This tested the tokenisation of a private equity fund issued by Wellington, with ABN AMRO fulfilling the role of a traditional investor. The proof of concept was conducted on the Avalanche Spruce Institutional test Subnet

BNY launches digital direct-to-custody trading
15 February 2024 US, Europe
Reporter: Lucy Carter

The integrated trading solution automates end-to-end, trade-to-settlement processing and allows clients to place equity, ETF and US Treasury orders directly from their account

MUFG appoint Wael Al Sharif to head GCIB for MENA
15 February 2024 Middle East, Africa
Reporter: Sophie Downes

Wael Al Sharif succeeds Elyas Al Gaseer who has held the post of head of global corporate and investment banking since 2013

Clearstream extends partnership with iCapital
14 February 2024 Europe, US
Reporter: Sophie Downes

The extended collaboration aims to increase efficiencies and eliminate the operational challenges of investing in private markets

DTCC M2i workflow found to boost settlement efficiency
14 February 2024 US
Reporter: Lucy Carter

This has been achieved through the use of DTCC’s CTM Match To Instruct workflow in Q4 of 2023, the company says

EFAMA asks FCA to further simplify recognition of EU retail funds
14 February 2024 Europe
Reporter: Jack McRae

The OFR outlines the process that European retail funds have to follow to gain, and keep, access to the UK market