James Wright was appointed head of the institutional investor group at Northern Trust for Europe, the Middle East and Africa.
TMF Group has acquired U.S. fund administration firm Venture Back Office in an effort to expand into the U.S. market.
Tadawul, the Saudi stock exchange, will restructure to become a holding company ahead of its initial public offering later this year.
Euroclear has agreed to acquire global digital fund distribution platform MFEX Group from private equity firm Nordic Capital.
Money managers and other market players will develop a money management operating platform to streamline middle- and back-office operations.
Transition managers have been among the few firms that have benefited during the coronavirus pandemic.
UBS agreed to sell a 51% stake in its fund distribution platform to Clearstream, as UBS seeks to focus on its asset management business.
Tim Smollen was named global head of global securities lending solutions at MUFG Investor Services.
GPIF's halt of international stock lending puts it at the tip of the spear in promoting stewardship standards for voting shares.
Tina Wilson was named senior vice president and chief product officer at Empower Retirement.
Atlas Merchant Capital is acquiring a 25% ownership stake in Ascensus.
Despite Fidelity's new custody service, institutional asset owners still on sidelines in cryptocurrency investing
Roman Regelman was named senior executive vice president and head of digital at Bank of New York Mellon.
Srinivas Reddy was named a senior vice president within Principal Financial Group's retirement and income solutions unit.
AI and blockchain developments could open the door to more standardization in the asset-servicing industry.
Mark Porter is stepping down as CEO of asset servicing firm MUFG Investor Services but will remain with the firm as an adviser.
Marlene Debel, executive vice president at MetLife, was named head of the retirement and income solutions business.
Gerald W. Patterson was promoted to senior VP for full service retirement and individual investor business at Principal Financial Group.
Paul McGee and Ben Mooney joined Macquarie Group's portfolio solutions team as transition management professionals.
Alter Domus Group is acquiring fellow fund administrator Cortland Capital Market Services.
Wendy Phillis was named managing director, governance and regulatory solutions, Europe and Asia-Pacific at RBC.
A quick jump in interest rates could lead some pension plans in LDI programs to use transition managers when moving assets to derisk.
Transition managers are seeing a spike in moves to passive equities from active strategies among public defined benefit funds since the start of the year.
Lance Vegna was named managing director and global head of portfolio solutions at Cantor Fitzgerald, where he will lead the firm's transition management business.