State Street Corp. has created a division that will focus on digital finance, expanding the company’s current digital capabilities to include crypto, central bank digital currency, blockchain and tokenization, the company said in a release.
“The objective is to evolve the platform into a multi-asset platform to support crypto assets among other asset classes. The aim also will be to support our peer-to-peer ambitions by creating new liquidity venues for our clients and investors worldwide,” CEO Ron O’Hanley said in a statement.
The division, State Street Digital, will be led by Nadine Chakar, who currently heads global markets. She joined State Street in 2019 after heading operations and data management at Manulife Investment Management and eight years in various executive capacities at BNY Mellon.
Tony Bisegna, currently global head of portfolio solutions, FX sales and trading, and research for State Street, will become head of global markets effective Sept. 1.
The bank's new training initiative aims to add hundreds of advisors as it expands its mass-affluent advice unit, according to Barron's.
The lawyers' group warns that adjudicating certain claims externally and limiting punitive damages, among other suggestions, could hurt investors.
With Parkworth Wealth Management and its Silicon Valley tech industry client base now onboard, Savant accelerates its vision of housing 10 to 12 specialty practices under its national RIA.
The wealth tech giant is unveiling its new offerings, designed for advisor productivity and client engagement, as investors and experts continue to grapple with the implications of AI.
Meanwhile, Merchant is continuing to expand its support for RIAs by partnering with a South Dakota-chartered trust company.
Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.
Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.
