News

COR Financial Makes A Sale In Puerto Rico

COR Financial Solutions says that PARAGON, its portfolio collateral management and accounting solution, has been implemented by the Doral Financial Corporation of Puerto Rico. Doral Financial, located in San Juan, Puerto Rico, has licensed PARAGON to manage its investment portfolio.

Norshield Launches New Fund-Of-Funds

Norshield Financial Group, the hedge fund of funds manager, has launched the Univest Global Fund. The Cayman Islands exempted company, listed on the Irish Stock Exchange, began trading on 1 July with assets of US$132 million. The assets are diversified

Fibanc Awards Custody Mandate To BNP Paribas Madrid

BNP Paribas Securities Services in Madrid has secured a mandate from Banco de Finanzas e Inversiones (Fibanc). The French bank says it is the thirteenth new client won by BNPPSS Madrid so far this year. Fibanc, the private banking arm

Paul Chapman Quits State Street For Northern Trust

Paul A. Chapman has joined Northern Trust in London as Senior Vice President and head of Global Fund Services relationship management, reporting to Penelope Biggs, head of Business Development and Global Fund Services for Northern Trust. Chapman was previously at

Caviezel To Head JP Morgan Treasury Services In Asia

JPMorgan Treasury Services has named Alexander Caviezel as its Regional Executive for the Asia Pacific region. Caviezel assumes the role previously held by Steven Groppi who, earlier this year, moved to London to take responsibility for JPMorgan Treasury Services' business