Investing in technology to better optimise data and modernise data management are the top priorities for financial services firms according to new research by global Fintech leader, Broadridge Financial Solutions.

American Elm Distribution Partners (American Elm), a managing broker dealer offering retail distribution and compliance services to alternative funds, has partnered with Phoenix American Financial Services (Phoenix American), a fund administrator offering outsourced back office, fund accounting and investor services, to offer a turnkey solution for alternative investment managers looking to enter the retail investor marketplace. American Elm is a relationship-driven investment management firm doing business as a managing broker dealer to enhance outcomes for client funds. Leveraging strategic partnerships, seasoned distribution professionals and a unique approach, the company has developed a fundraising and investment model exclusive to the firm.

Morgan Stanley Investment Management (MSIM) and iCapital have expanded their US partnership to provide more banks and wealth managers globally with access to a suite of private markets funds managed by MSIM. iCapital’s technology platform and solutions have effectively and efficiently diminished the historical barriers that wealth managers and their clients have faced when investing in private markets by automating the subscription, administration, operational and reporting processes for the life of the investment. iCapital also provides a full suite of research, due diligence and educational materials to advisors and investors.   Morgan Stanley is a long-standing strategic investor and partner

As part of its initiative to deliver customisable solutions, Northern Trust has launched an enhanced liquidity management data tool in its Front Office Solutions platform.

Switzerland’s SIX Digital Exchange (SDX), the world’s first fully regulated digital asset exchange and Central Securities Depository (CSD), in partnership with F10, a global FinTech and InsurTech Innovation Ecosystem and Aequitec, a digital share register and cap table company, ahas completed the first-ever tokenisation of equity shares in a fully regulated CSD based on Distributed Ledger Technology (DLT).

HIG Capital (HIG), a global alternative investment firm with $50 billion of capital under management, has appointed Alejandra Arguello managing director in the firm’s Capital Formation Group in New York City. Arguello will be responsible for business development and capital raising across HIG’s global credit platform. With over 22 years of experience in alternative investment management and institutional sales, Arguello joins HIG from Carlyle, where she was a managing director on the capital raising team.

State Street and FactSet have formed a strategic partnership to streamline data flows across the front, middle and back-office through State Street’s Alpha Data Platform.

Apex Group Ltd (Apex) has acquired Darwin Depositary Services (Darwin), a provider of depositary services to Alternative Investment Funds. Darwin, a leading independent AIFMD depositary in mainland Europe, provides services to clients based in the Netherlands and outside the EU, including hedge funds, real estate, debt and private equity funds as well as funds investing in infrastructure and renewable energy.   Apex Group currently delivers depositary services through subsidiary European Depositary Bank (EDB) in Luxembourg, Ireland, UK and Malta; the addition of the Darwin business will add €4.5bn of Assets under Depositary to the Group (as at 31 May 2022),