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CIBC Mellon named fund administrator of first bitcoin ETF
15 February 2021 Canada
Reporter: Becky Bellamy

Som Seif, founder and CEO of Purpose Investments, says: “Purpose Bitcoin ETF will change the landscape for investors by giving them a simple, efficient and affordable way to directly access the cryptocurrency"

Nasdaq strengthens anti-financial crime solutions with new acquisition
15 February 2021 Canada
Reporter: Maddie Saghir

The acquisition is set to strengthen Nasdaq’s existing regulatory and anti-financial crime solutions

Apex closes FundRock acquisition
15 February 2021 UK
Reporter: Becky Bellamy

Peter Hughes, founder and CEO of Apex Group comments: “The FundRock business shares our commitment to exceptional levels of client service and is a highly complementary addition to the Apex Group"

Clearstream sees small AUC increase for January
15 February 2021 Luxembourg
Reporter: Maddie Saghir

Last month, Clearstream reported December’s assets under custody at €15.1 trillion, a 5 per cent increase on €14.4 trillion which was reported in the same period in 2019

MJ Hudson gets green light on Bridge Group merger
15 February 2021 Ireland
Reporter: Becky Bellamy

Matthew Hudson, CEO of MJ Hudson says: “We are delighted to welcome the Bridge team to our group, following our decision to merge our businesses, back in October"

TMF Group completes Selectra acquisition
15 February 2021 Luxembourg
Reporter: Maddie Saghir

Frank Welman, regional head for TMF Group, says Selectra’s service offering is “a key component of our fund strategy and enables us to be a full-service provider”

TSSAG onboards MYRIAD as its latest group member
15 February 2021 UK
Reporter: Maddie Saghir

According to Adam Vine, head, client operation of MGTL, becoming an affiliate member of TSSAG, affords the company a platform that will complement its competitive advantage

JTC set to acquire INDOS Financial
15 February 2021 Jersey
Reporter: Becky Bellamy

The acquisition will see all INDOS’ 52 directors and staff in its London, Fareham and Enniscorthy offices join the institutional client services division of JTC and will become shared owners in the business

SEC cracks down on waivers for settlement negotiations
12 February 2021 US
Reporter: Maddie Saghir

Acting SEC chair Lee says waivers should not be used as a “bargaining chip in settlement negotiations or regarded as an obstacle to be overcome on the way to a settlement”

Exberry and Digital Asset add clearing to digital asset exchange platform
12 February 2021 UK
Reporter: Maddie Saghir

The new partnership will enable new digital asset marketplaces to launch on an end-to-end exchange platform, which will include registry, custody, trading, matching and clearing services

AFME: CSDR’s SDR mandatory buy-ins present ‘significant risk’ to Europe’s COVID recovery
12 February 2021 UK
Reporter: Becky Bellamy

“The periods of high volatility and low liquidity observed during COVID-19 crisis would have been further exacerbated by the existence of a mandatory buy-in regime,” AFME explains

BNY Mellon to build new multi asset digital custody and administration platform
12 February 2021 US
Reporter: Maddie Saghir

Caroline Butler, head of Custody at BNY Mellon, says: "Building the bridge between the traditional and digital spaces will create a front-to-back ecosystem for innovation"