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Robert Stenmark departs Handelsbanken for new role at Northern Trust
04 February 2021 Norway
Reporter: Maddie Saghir

Based in Oslo, Stenmark is responsible for Northern Trust’s new Norway office and takes on the role as head of depositary for Norway

Sudrania Fund Services strengthens team with three senior hires
29 January 2021 US
Reporter: Maddie Saghir

The three alternative investment industry veterans will contribute their industry experience to help support Sudrania’s geographic expansion and new service offerings for fund managers

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

Northern Trust reveals YoY increase for AUC/A
21 January 2021 US
Reporter: Maddie Saghir

Northern Trust’s total assets under custody/administration totalled $14.5 trillion for Q4 2020 marking a 21 per cent year-on-year increase from its Q4 2019 results

1741 Fund Management extends contract for NeoXam’s fund accounting software
20 January 2021 US
Reporter: Maddie Saghir

The new generation of NeoXam GP4 provides additional features to even better support private equity as well as real estate investments

Citi sees drop in Q4 markets and securities services revenue on quarterly basis
20 January 2021 US
Reporter: Maddie Saghir

Although Citi reported year-on-year growth, markets and securities services revenues drop from $5.2 billion from Q3 2020

Volante collaborates with Citi for Global ISO 20022 Migration
19 January 2021 US
Reporter: Maddie Saghir

Provider in cloud payments and financial messaging Volante Technologies and Citi are extending their relationship to accelerate the bank’s adoption of the ISO 20022 financial messaging standard across its global payments operations

Banque de France achieves ‘world first’ CBDC fund transaction using SETL blockchain
19 January 2021 France
Reporter: Maddie Saghir

Citi and CACEIS acted as the participating commercial banks to purchase CDBC tokens from Banque de France. CACEIS also acted as the custodian of the Groupama funds

Crestbridge hires Alex Di Santo
15 January 2021 Jersey
Reporter: Becky Bellamy

Alex Di Santo assist in raising the business’ profile in the private equity fund services space, as well as targeting new and important revenue opportunities

CrossTower recruits Greg Bunn
15 January 2021 US
Reporter: Maddie Saghir

This is an exciting time to be in digital asset markets, as we’ve reached an inflection point where institutions have begun to buy in, and many others are taking notice. The future is bright, and we are leading the way," says Bunn

Fraser Smith departs HSBC and joins Sova Capital
UK 14 January 2021
Reporter: Maddie Saghir

Sova Capital, an independent brokerage with a focus on emerging markets, has hired Fraser Smith as chief financial officer

HQLA^x secures €14.4m from global banks
12 January 2021 Luxembourg
Reporter: Drew Nicol

HQLA^x has attracted new investment for its DLT-powered securities finance platform, from BNY Mellon, Goldman Sachs, BNP Paribas Securities Services and Citigroup