State Street Bank announced today that it will leverage Copper.co, a London-based provider of digital asset custody and trading infrastructure, to develop an institutional-grade digital custody offering. The solution will allow clients to store and settle their digital assets within a secure environment operated by State Street, according to a release. The launch is subject […]
State Street Corporation, a leading provider of financial services to institutional investors, announced today that State Street Digital, the firm’s dedicated Digital division, has closed a licensing agreement with Copper.co, a provider of institutional crypto-asset custody and trading infrastructure. Under the agreement, State Street Digital will leverage Copper.co’s technology to develop and, subject to receipt […]
The cryptocurrency market has jumped after a shaky couple of days. Affected by the ongoing fallout from the Ukraine-Russia conflict, its total cap had slid [...]
State Street Corporation, the largest custodial service provider in the world, plans to launch custodial services for bitcoin and other cryptocurrencies.
In the February issue of the “Eye on the Market” newsletter, Michael Cembalest, Chairman of Market and Investment Strategy for J.P. Morgan Asset & Wealth Management, takes a close look at “the adoption trends, capital flows and use cases for cryptocurrencies and blockchains.” In this 28-page research report (titled: “The Maltese Falcon”), Cembalest admitted that […]
DUBAI, Feb 9, 2022 - (ACN Newswire) - Aditya Birla Sun Life AMC Limited's (ABSLAMC) offshore subsidiary has appointed Mr. Sarath Sathkumara to lead investments for its international business.
Aditya Birla Sun Life AMC Limited is the fourth largest asset manager in India with total assets under management of close to $42 billion. The publicly listed company has its presence in over 280 locations pan-India and present in international markets such as Dubai, Singapore, and Mauritius. It also operates via UCIT to cater to European markets. The company recently received approval from International Financial Services Centres Authority (IFSCA) to carry out Portfolio Management Services from GIFT City in India that will help to expand its reach and service to global clients. Aditya Birla Sun Life AMC Limited's offshore subsidiaries manage money to the extent of USD 1.32 billion. ABSLAMC is a subsidiary of Aditya Birla Capital Limited (a non-bank financial services conglomerate), and investment manager to Aditya Birla Sun Life Mutual Fund (ABSLMF).
Commenting on his appointment, Mr. A. Balasubramanian, MD & CEO, Aditya Birla Sun Life AMC Limited said, "We are delighted to have Sarath Sathkumara come on board. He is a seasoned global emerging markets investor with over 30 years of experience in international capital markets and investing. His rich experience, illustrious background and in-depth knowledge of global markets will be an instrument in capitalizing overseas opportunities and launching investment solutions that cater to the needs of international investors. This further strengthens our overseas presence and aligns with our strategy of expanding our offshore business. Sarath will initially focus on launching ESG centered products, along with relevant solutions to cater to GIFT City and overseas clients".
In his current role with ABSLAMC's offshore arm, Sarath has joined as CIO International. Most recently, Sarath was the Managing Director/Portfolio Manager for Taiyo Pacific Partner's India engagement investing business, starting the business 10 years ago and building it ground up. Prior to that, he has worked as a Chief Investment Officer of SBI Venture Capital in Singapore. From 2002 to 2008, Sarath was a Senior Portfolio Manager with the State Street Global Advisors' Active Emerging Markets Group (AUM $12bn), focusing on Asia and MENA regions. Before that Sarath spent 7 years with Capital International in Singapore as part of Capital International's Emerging Markets team (AUM $24bn). He was instrumental in building and running Capital's India business from 1993, the year India opened for foreign investment and witnessed India's capital market transformation. Before that he was with HSBC Group for 10 years in investment and corporate banking in Dubai, San Francisco and New York.
About Aditya Birla Sun Life AMC Limited
Established in 1994, Aditya Birla Sun Life AMC Limited (ABSLAMC) is a joint venture between the Aditya Birla Capital Limited and Sun Life (India) AMC Investments Inc. ABSLAMC is primarily the investment manager of Aditya Birla Sun Life Mutual Fund, a registered trust under the Indian Trusts Act, 1882. ABSLAMC also operates multiple alternate strategies including Portfolio Management Services, Real Estate Investments and Alternative Investment Funds. ABSLAMC is one of the leading asset managers in India, with a pan India presence across 280 plus locations and a total AUM of over Rs. 3,109 billion under its suite of mutual fund (excluding our domestic FoFs), portfolio management services, offshore and real estate offerings and 7.6 million investor folios for the quarter ending December 31, 2021.
Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.comAditya Birla Sun Life AMC Limited's (ABSLAMC) offshore subsidiary has appointed Mr. Sarath Sathkumara to lead investments for its international business.
Nicole Olson, vice president of digital product development and innovation at State Street, will join a panel on “Leveraging Smart Contracts and Blockchain for Smarter Banking” at Bank Automation Summit 2022 on Wednesday, March 2, at 1:30 p.m. ET at the JW Marriott in Charlotte, N.C. The panel discussion will address settlements using distributed ledgers […]
PNC will continue to expand its automation efforts and IT spend in 2022, responding in part to the “Great Resignation,” or the unusually high number of workers quitting their jobs recently. The resignation trend is leading to greater wage pressure for businesses, said PNC Chairman, President and CEO William Demchak during last week’s fourth-quarter earnings […]