CACEIS, an asset servicing provider based in Montrouge, Île-de-France, has launched its Digital Assets business line, making it the first European asset servicing group to do so, officials say. The launch will bolster CACEIS’s digital strategy and help it meet growing demand from investment management firms and institutional investors, officials say. “The Digital Assets business… Read More >>
CACEIS Adds PRIIPs Reporting Service
CACEIS, the asset servicing group of Crédit Agricole and Santander, is adding a reporting service for Packaged Retail Investment and Insurance-Based Products (PRIIPS) via the Connect Store for clients of CACEIS’s private equity real estate solutions business line. PRIIPs “refers to a category of financial assets that are regularly provided to consumers in the European… Read More >>
Gresham Taps Duco for Top European Sales Post
Vincent Him Joins Gresham London-based reconciliation vendor Gresham Technologies has tapped competitor SmartStream Technologies to fill a senior European sales position, underscoring its international growth efforts, officials say. Gresham has hired Vincent Him to be sales director for Europe, and he has nearly 25 years of experience across the post-trade reconciliations industry. In addition to… Read More >>
Northern Trust’s Client Portal Gets a Cloud Makeover
Online Report Center Will Become a Cloud Service Northern Trust is relaunching a client-facing portal, the Online Report Center, as a cloud-based service with a redesigned user interface, officials say. The revamped service “is currently in its beta phase with a select group of clients. The full release for all clients will be available later… Read More >>
DataRobot Taps Rob Hegarty for General Manager Post
Hegarty to Head Financial Markets and Fintech Unit DataRobot reports that Rob Hegarty has been appointed its general manager of financial markets and fintech. Hegarty, a financial technology veteran, will lead DataRobot’s expansion in the capital markets and fintech industries by “empowering even more organizations to leverage machine learning and become AI-driven,” according to the… Read More >>
CA & Santander Jolt Custody & Asset Services Market
The custody and asset services market got a jolt with the news that Crédit Agricole S.A. and Santander want to leverage the global presence and scalability of their custody and asset servicing operations by combining them to form a new global competitor. The two firms signed a memorandum of understanding that outlines how they would… Read More >>
Northern Trust to Support Abu Dhabi Firm’s Funds
Firm Taps Northern Trust for UCITS Support An investment management firm based in Abu Dhabi, AD Global Investors, will be using the asset servicing and trading solutions from Northern Trust to provide “an extensive range of to support its four new UCITS funds,” officials say. This is the second time that the firm will be… Read More >>
More Firms Join AcadiaSoft Hub to Meet IM Deadline
Hub Gains Six Firms Under Phase 2 of IM Rules Collateral and margining solutions provider AcadiaSoft reports that six more “in-scope firms” under Phase 2 of the new initial margin (IM) rules have been integrated into the AcadiaSoft Hub for non-cleared derivatives. “The additional firms chose to use the hub for IM in order to… Read More >>
BNP Paribas, Société Générale & Others Launch LiquidShare
Major European Players Back LiquidShare A European blockchain startup with a post-trade focus, LiquidShare, is being created via the support of BNP Paribas, CACEIS, Caisse des Dépôts, Euroclear, Euronext, S2Iem, Société Générale and Paris Europlace. The financial technology venture is the result of a partnership launched by its shareholders in June 2016 to develop a… Read More >>
SEC Rewards Whistleblower with $22 Million
SEC Awards a Total of $107 Million to Whistleblowers The SEC has given a whistleblower “more than $22 million” for a “detailed tip and extensive assistance” that allowed the regulator to halt “a well-hidden fraud at the company where the whistleblower worked,” according to officials. “The $22 million-plus award is the second-largest total the SEC… Read More >>
