Advance Partners Appoints Kendra Cato as Director of Strategic Partnerships
Advance Partners, a Paychex company specializing in payroll funding and comprehensive back-office solutions for staffing firms, has announced the appointment of Kendra Cato as its new Director of Strategic Partnerships. In this newly created role, Cato will leverage her nearly…
C.J. Lawrence’s Strategies Reach $3 Billion in UIT Sales at Advisors Asset Management
C.J. Lawrence (CJL) is excited to announce that, according to Advisors Asset Management’s (AAM) August 13, 2024, press release, AAM has surpassed $3 billion in cumulative unit investment trusts (UIT) sales, including $2 billion in CJL’s flagship Bulldog Portfolio. CJL…
Better.com Launches FHA Streamline Refinance Product
Better Home & Finance Holding Company (NASDAQ: BETR), commonly known as Better.com, has launched its FHA Streamline Refinance program, designed to simplify the refinancing process for qualified borrowers with existing Federal Housing Administration (FHA) loans. This fully digital option allows…
Scienaptic CUSO Receives Strategic Investment from Credit Union Clients
Scienaptic AI, a leading AI-powered credit underwriting platform based in New York, announced that its Credit Union Service Organization (CUSO) has secured strategic equity investments from six of its credit union clients. The credit unions involved—ELGA Credit Union, Wildfire Credit…
PennyMac Financial Services, Inc. Announces Board of Directors Changes
PennyMac Financial Services, Inc. (NYSE: PFSI) announced the appointment of technology and financial services expert Sunil Chandra to its Board of Directors, while long-serving board members James Hunt and Emily Youssouf will retire effective December 31, 2024. Chairman and CEO…
LL Flooring Enters Agreement with F9 Investments for Sale of Business as Going Concern
LL Flooring Holdings, Inc. (OTC Pink: LLFLQ) has announced an agreement with F9 Investments for a going-concern sale as part of its ongoing Chapter 11 proceedings. Under the asset purchase agreement, F9 Investments will acquire 219 stores, their inventory, the…
Fiserv Tops IDC FinTech Rankings for Second Year in a Row
Fiserv, Inc. (NYSE: FI), a global leader in payments and financial services technology, has been ranked No. 1 on the 2024 IDC FinTech Top 100 Rankings for the second year in a row. This achievement highlights Fiserv’s four-decade legacy of…
Digital and Traditional Assets Converge, Citi Survey Shows Uptick in Tokenized Deposits
Citi’s latest Securities Services Evolution whitepaper reveals a sharp shift in the use of digital money as distributed ledger technology (DLT) and digital assets become more commercialized. By 2026, 65% of respondents plan to use non-CBDC options like stablecoins, tokenized…
Eastern Bank Announces New Senior Leadership Appointments
Following its recent merger with Cambridge Trust and a renewed focus on product development, wealth management, and private banking, Eastern Bank is excited to announce several key leadership appointments: Bob Rivers, Executive Chair and Chair of the Board of Directors…
Blackstone Announces A$24B Acquisition Agreement for AirTrunk
Blackstone, through its managed funds – Blackstone Real Estate Partners, Blackstone Infrastructure Partners, Blackstone Tactical Opportunities, and its private equity strategy for individual investors – along with Canada Pension Plan Investment Board (CPP Investments), has entered into a definitive agreement…
Challenger Selects State Street as Investment Administrator and Custodian
State Street Corporation (NYSE: STT) has been chosen by Challenger Limited, a leading Australian investment management firm, to provide custody and investment administration services across back, middle, and front offices through the State Street Alpha® platform. This partnership will cover…
MetLife Appoints New Global Head of Reinsurance and Chief Auditor
MetLife, Inc. (NYSE: MET) has announced the appointment of Toby Srihiran Brown as global head of reinsurance, effective October 1. In this role, Brown will develop and oversee MetLife’s comprehensive reinsurance strategy, managing all aspects of the reinsurance process, including…