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HSBC extends global custody coverage in Abu Dhabi
15 August 2022 UAE
Reporter: AST

Licence approval will enable the bank to expand its Markets and Services business in the Abu Dhabi Global Market, offering custody support and associated services for institutional and sovereign wealth clients

abrdn to become largest external shareholder of UK’s first regulated digital securities exchange
12 August 2022 UK
Reporter: Jenna Lomax

abrdn has concluded a deal to become the largest external shareholder in Archax, the UK’s first regulated digital securities exchange

Valerija Bezak Kecerin departs Zagrebacka banka
12 August 2022 Croatia
Reporter: Jenna Lomax

Kecerin served at Croatia’s largest bank Zagrebacka banka as head of custody from February 2009 to July 2022

Salt Lake City’s RealSource Properties selects Phoenix American for fund administration services
12 August 2022 US
Reporter: Jenna Lomax

Founded in 1989, RealSource is a real estate investment company providing acquisitions, asset management, day-to-day property management and reporting for investors

Transaction Network Services connects to Borsa Istanbul
12 August 2022 Turkey
Reporter: Jenna Lomax

The connectivity opens up access to Turkey’s sole exchange with order routing and market data connectivity to the BIST matching engine in Istanbul

McKay Brothers’ MBI team launches new latency market data services between US and Asia
11 August 2022 US
Reporter: Jenna Lomax

McKay Brothers’ MBI team has launched the lowest known latency market data services between Illinois’ largest futures exchanges and Asia trading centers in Tokyo, Singapore and Hong Kong

Apex extends partnership with Marlin Capital Partners and expands Singapore compliance team
11 August 2022 Global
Reporter: Jenna Lomax

Apex Group has extended its existing partnership with Marlin Capital Partners (Marlin) to provide fund administration and accounting services to its latest fund Marlin RSP

Appital secures £1.7 million investment from Frontline Ventures
11 August 2022 UK
Reporter: Jenna Lomax

Appital, the equity capital marketplace, has secured an additional £1.7 million investment from London-based Frontline Ventures in an effort to bring technological innovation and automation to equity markets

Robert Danes to retire
10 August 2022 UK
Reporter: Jenna Lomax

Robert Danes is retiring from his role as business change manager at BNY Mellon

DTCC launches new tax service
10 August 2022 US
Reporter: Jenna Lomax

The service, known as the 1042-S Classification Announcement, will lower the amount of tax withheld on distributions for non-US investors, prior to the payable date

Arcus Partners appoints Brian Schwartz as director of client experience
10 August 2022 US
Reporter: Jenna Lomax

Schwartz has more than 20 years of experience in financial services and technology. Prior to Arcus Partners, he configured and supported middle office software platforms for medium to large insurance firms including Mercer, WR Berkley, and Homesteade

David Turmaine joins Broadridge
10 August 2022 UK
Reporter: AST

Former J.P. Morgan head of securities and prime brokerage operations joins Broadridge from Accenture to build the firm’s post-trade and digital asset consultancy in EMEA