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KGAL outsources fund administration to CACEIS
16 September 2020 Paris
Reporter: Maddie Saghir

KGAL Group, an independent investment and asset manager, has outsourced its fund administration to CACEIS, the asset servicing banking group of Crédit Agricole and Santander

Northern Trust unveils new insurance accounting and analytics app
16 September 2020 Chicago
Reporter: Maddie Saghir

Northern Trust has launched a new cloud-based insurance accounting and analytics application

UK and EU want to avoid market fragmentation as EU set to delay euro clearing decision
16 September 2020 London
Reporter: Maddie Saghir

It was explained that forcing European banks or participants to clear their Euro trades in continental Europe “could split up the pools of risk and make it riskier and less efficient to complete clearing”

Phoenix American and AIX team up to deliver STP for alternative investments
16 September 2020 California
Reporter: Becky Bellamy

Phoenix American and the Alternative Investment Exchange have formed an integration partnership that will enable investors to purchase alternative investment products digitally

J.P. Morgan and BlackRock automate account opening for securities services
16 September 2020 New York
Reporter: Maddie Saghir

J.P. Morgan and BlackRock have adopted Saphyre’s platform to digitise the account opening workflow, eliminate manual processes, improve scalability and enable buy-side clients to be ready to trade more quickly

Akshay Thakurdesai to head up BNP Paribas Securities Services India
16 September 2020 India
Reporter: Becky Bellamy

Thakurdesai will be responsible for leading the bank’s securities services team in India as well as developing new business opportunities for its India franchise

Smith & Williamson selects Broadridge’s SRD II solution
15 September 2020 New York
Reporter: Maddie Saghir

Broadridge is set to provide Smith & Williamson Group, a financial and professional services firm in the UK and Ireland, with its SRD II solution for proxy voting

BNP Paribas and Digital Asset to partner on DLT trade and settlement apps
15 September 2020 Hong Kong
Reporter: Maddie Saghir

BNP Paribas Securities Services has partnered with Digital Asset to design a number of real-time trade and settlement apps using DAML smart contracts

Cooper Wood & Associates bolsters team
15 September 2020 London
Reporter: Maddie Saghir

Cooper Wood & Associates, an independent consultancy specialising in asset servicing, has hired Mark Friend, the former COO of Premier Asset Management

BNY Mellon appoints new vice chair and CEO of global market infrastructure
14 September 2020 New York
Reporter: Maddie Saghir

BNY Mellon’s new recruit was previously chief risk officer at Goldman Sachs

Euronext and Deutsche Boerse vie for Borsa Italiana acquisition
14 September 2020 Amsterdam
Reporter: Natalie Turner

Euronext submits a counter bid to acquire Borsa Italiana, following an offer by Deutsche Boerse on Friday

Benjamin Duve takes on new digital assets role at Commerzbank
14 September 2020 Frankfurt
Reporter: Maddie Saghir

Benjamin Duve has been appointed as head of digital assets and custody at Commerzbank, based in Frankfurt