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tZERO partners with Prime Trust on digital custody
28 January 2021 US
Reporter: Becky Bellamy

The new infrastructure will replace reliance on third-party clearing firms and will enable accelerated onboarding of new digital securities

Prescient Fund Services appoints Finian Power
28 January 2021 Ireland
Reporter: Becky Bellamy

The appointment follows a year of strong growth for the independent provider of management company, UCITS and AIFMD platform and fund administration services

EC adopts equivalence decision for US CCPs
27 January 2021 Belgium
Reporter: Maddie Saghir

The decision is an important first step for US CCPs registered with the SEC to be recognised in the European Union as it will allow the US CCPs to apply for recognition by ESMA

FCA confirms 85% of uncleared UK derivatives market are ready for LIBOR transition
27 January 2021 UK
Reporter: Becky Bellamy

The FCA’s Edwin Schooling Latter says the success of this protocol means “a major reduction in risk faced by the 12,000 plus firms who have already signed, and for the system as a whole”

Nykredit to transfer depositary services to BNY Mellon
27 January 2021 Denmark
Reporter: Maddie Saghir

Denmark-based financial services company Nykredit is transferring its depositary business to BNY Mellon, enhancing their long standing alliance that has been in place since 2008

Broadridge hires Germán Soto Sanchez
27 January 2021 US
Reporter: Becky Bellamy

Germán Soto Sanchez will be responsible for developing Broadridge’s strategic plan as he leads its strategy, partnership and other growth-related activities

State Street expands service agreement with LACERA
27 January 2021 US
Reporter: Maddie Saghir

State Street has extended its relationship with the Los Angeles County Employees Retirement Association to provide additional solutions for performance and analytics, as well as alternative administration for the association’s real estate assets

First Abu Dhabi Bank gains OMAN custody license
27 January 2021 UAE
Reporter: Maddie Saghir

“We look forward to bringing our differentiated brand of securities services - led by next generation technology and a dedicated client focus - to both domestic institutional investors in Oman and to international investors," says FAB's Kashif Darr

SimCorp and Colmore to implement new asset management service
26 January 2021 US
Reporter: Maddie Saghir

SimCorp is set to deliver a holistic data service for private markets asset management in collaboration with Colmore, a technology-driven private markets specialist

Citi initiates new fund order processing service
26 January 2021 UK
Reporter: Maddie Saghir

Clients will be able to stipulate a cash allocation model, and Citi will generate and route orders to the funds specified

Phoenix American partners with Lighthouse Life Capital
26 January 2021 US
Reporter: Maddie Saghir

Phoenix American will fulfill the back-office operational needs of Lighthouse Life with its investor services platform featuring the STAR-XMS shareholder management/transfer agent system

Northern Trust reveals Canadian pension plans maintain positive momentum
26 January 2021 Canada
Reporter: Maddie Saghir

It was revealed that during Q4 2020, global equity markets generated positive returns as investors welcomed the relief of further fiscal stimulus and the long-awaited approval of vaccines