Northern Trust officials say the custodian bank has expanded its fund services relationship with Avanda Investment Management and will be supporting Avanda’s implementation of the mandate granted by the Monetary Authority of Singapore (MAS). The MAS is Singapore’s central bank and integrated financial regulator, and it works with the financial services industry to develop Singapore… Read More >>
SmartStream Applies A.I. to Recs Processes
SmartStream Air Version 4 Gets an A.I. Refresh Post-trade solutions vendor SmartStream Technologies recently launched SmartStream Air Version 4, an application update that uses artificial intelligence (A.I.) technology to support real-time and continuous reconciliation processes, officials say. The update “will allow customers to use a much wider range of processing, including payment reconciliations, which is… Read More >>
JPMorgan Names Rowland to Head Global Custody
Chris Rowland, who was named the global head of JPMorgan’s fund services earlier this year, has now become global head of the company’s custody business, confirm JPMorgan officials. That business includes 25 regional customer service centers “in each region of the world and a network of sub-custodians covering more than 90 markets,” according to JPMorgan,… Read More >>
