State Street will provide the full scope of ETF servicing, including custody, fund accounting, basket creation/settlement, order-taking, transfer agency and regulatory reporting to ASI
Calvitto will lead Northern Trust’s asset servicing business serving institutional clients across central banks, sovereign wealth funds, public pension funds, government agencies, investment management firms, and insurance companies
As part of the arrangement, State Street will provide a range of servicing solutions including ETF basket services, fund accounting, fund administration and custody
Based in Luxembourg, Madsen will report to Tony McDonnell, global head of alternative investments, securities services and Niccolo Polli, CEO, HSBC Luxembourg
Aman Thind will play an integral role in advancing the company’s technology innovation including further building capabilities in digital, crypto, and other digitally-led technologies
"We believe there are strong opportunities in India, which align with our plans for the funds business,” comments Shagun Kumar, managing director at TMF India
State Street will perform administrative services to support the issuance of the ETN by calculating the net asset value of the bitcoin portfolio consuming crypto market data from various crypto depositories