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BNP Paribas and CACEIS establish issuer services JV
10 January 2023 France
Reporter: Bob Currie

The Uptevia joint venture, which has received approval from the regulatory and competition authorities and was founded on 1 January 2023, aims to be the leading issuer services provider in France and ultimately across Europe

BNP Paribas takes part in Series C funding round for AccessFintech
09 January 2023 France
Reporter: Jenna Lomax

The Paris-based banking group indicates that this investment will help it to bring the latest technology, data and workflow tools to clients in an effort to shorten settlement cycle, manage collateral requirements and reduce transaction costs

MarketAxess names Concannon as CEO
09 January 2023 US
Reporter: Carmella Haswell

Chris Concannon will become the firm’s new CEO on 3 April 2023, taking the reins from current CEO and chairman Richard McVey

Nadine Chakar leaves State Street
09 January 2023 US
Reporter: Lucy Carter

Software firm Securrency has named Nadine Chakar as CEO, effective from 9 January. She replaces Securrency founder Dan Doney, who will now serve as chief technology officer

Tradeweb reports 20.7% rise YoY in repo ADV for December
06 January 2023 US
Reporter: Carmella Haswell

Repo average daily volume traded on Tradeweb increased 20.7 per cent YoY to US$379.0 billion for December 2022. Generating a total of US$381 billion for repo ADV for 2022, Tradeweb highlights a 12.49 per cent YoY rise for the year

South Street Securities welcomes new board members
06 January 2023 US
Reporter: Carmella Haswell

Mark Lawrence, managing director at BlackRock, Roland Hlawaty, former partner at Milbank Tweed, and Ted Goldthorpe, head of credit at BC Partners, will join the board of directors

OFR proposes daily trade reporting for bilateral repo
06 January 2023 US
Reporter: Bob Currie

Under the Proposed Rule, firms will be required to submit trade and collateral information on all outstanding bilateral repo transactions, providing 33 data elements, including haircut, rate and optionality, on a daily basis

OCC cleared securities lending transactions up 24.9% for 2022
05 January 2023 US
Reporter: Carmella Haswell

Securities lending transactions cleared on the OCC platform in 2022 jumped 24.9 per cent YoY to 2,319,800

Standard Chartered hires Heale
05 January 2023 UK
Reporter: Carmella Haswell

Nick Heale joins the digital assets team at Standard Chartered Bank, where he will assist with the operational build-out for digital assets

Global securities lending revenue up 6.6% YoY for 2022, says DataLend
04 January 2023 US
Reporter: Carmella Haswell

The global securities finance industry generated US$9.89 billion in revenue for lenders in 2022, a 6.6 per cent increase from 2021, according to DataLend

Clearstream appoints Putz and Cherry
04 January 2023 Luxembourg
Reporter: Carmella Haswell

Élodie Putz has become head of business management for collateral, lending and liquidity solutions at Clearstream, while James Cherry has been promoted to head of business development for collateral, lending and liquidity solutions

Citi hires Sullivan-Williams
03 January 2023 UK
Reporter: Carmella Haswell

Sorcha Sullivan-Williams has joined the firm’s London office as senior vice president and digital assets product manager for securities services