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ASX confirms CHESS replacement push back until April 2023
28 October 2020 Sydney
Reporter: Becky Bellamy

The Australian Securities Exchange has pushed back the go-live date for the CHESS replacement system until April 2023

Jonathan Spirgel joins Hazeltree from BNY Mellon
28 October 2020 New York
Reporter: Becky Bellamy

Jonathan Spirgel has been hired as managing director and global head of cash and liquidity management at Hazeltree

Northern Trust: Canadian defined benefits plans show solid Q3 performance
28 October 2020 Toronto
Reporter: Becky Bellamy

Data showed that equity markets navigated through pockets of volatility, maintaining resilience and closing the quarter in positive territory

Apex expands LatAm presence with acquisition of Banco Modal’s fund admin business
28 October 2020 Brazil
Reporter: Becky Bellamy

Apex Group is set to acquire Banco Modal’s alternative fund administration business in Brazil

TMF hires Sabrina Li to lead fund admin business in China and Taiwan
28 October 2020 Shanghai
Reporter: Becky Bellamy

Sabrina Li has joined TMF Group from State Street

Northern Trust sees slight increase in Q3 custody and fund admin servicing fees
27 October 2020 Chicago
Reporter: Becky Bellamy

Northern Trust explained that the small increase was primarily due to favourable currency translation and new business, partially offset by unfavourable markets

AcadiaSoft expands APAC efforts ahead of final phases of UMR
27 October 2020 Tokyo
Reporter: Natalie Turner

AcadiaSoft will increase functionality for key products in APAC, including the IM Threshold Monitor and the IM Exposure Manager

DTCC hires former BBH head of custody product Bob Stewart
27 October 2020 Boston
Reporter: Becky Bellamy

Former BBH head of custody product Bob Stewart has joined DTCC as executive director of institutional trade processing

Bob Dorsey set to retire from Ultimus Fund Solutions
27 October 2020 Cincinnati
Reporter: Becky Bellamy

Ultimus Fund Solutions co-founder Bob Dorsey has announced his retirement

Carlyle Group strikes deal for majority stake in Calastone
26 October 2020 London
Reporter: Becky Bellamy

The Carlyle Group has reached an agreement with Calastone to acquire a majority stake in the business from its current shareholders, including Octopus Ventures and Accel

Apex to provide fund administration services to Lorax Capital Partners
26 October 2020 London
Reporter: Becky Bellamy

Apex Group has been named fund administration and corporate services provider to Lorax Capital Partners Fund II

Finastra and CloudMargin partner on new collateral management solution
26 October 2020 London
Reporter: Natalie Turner

Finastra, the financial technology company based in London, and CloudMargin, a collateral management platform, have partnered to deliver an integrated collateral and margin management solution