An active start to 2024
FundBank highlights industry insights and innovations at 2024 events
Earlier this year we were proud to be a sponsor of MFA Miami in January and GAIM Ops Cayman in April. This was a great opportunity to meet with our industry peers and our clients to discuss pressing themes such as the need for diversification of banking relationships and the challenges that onboarding presents, including time taken to open accounts. In Europe, similar topics were top of the agenda as we found when we attended the IMpower FundForum in Monaco, where we were also pleased to be among the sponsors.
Throughout the industry events that we have attended this year, our consistent message to clients and contacts has been FundBank’s point of difference; we service only the asset management industry and, unlike retail banks that are leveraged by design, FundBank holds all client funds in trust. It does not engage in any lending, investment, or leverage activities to ensure client funds are always secure and available, even during market volatility. In addition, we invest heavily in advanced technology and FundBank’s fully digitized onboarding experience allows clients to open and manage their accounts seamlessly and efficiently in as little as 48 hours.
FundBank appoints Laura Accurso as Chief Executive Officer to its Cayman operation
In April, we were pleased to announce that Laura Accurso assumed the role of CEO and General Counsel of our Cayman Islands operation, with Colm O’Driscoll promoted to a global leadership role.
John D. Rosanelli responds to Michael Hsu’s proposal for targeted liquidity requirements
Following his speech at Columbia University Law School, Michael Hsu, Acting Comptroller of the Currency indicated that he wants to implement a “targeted liquidity requirement” to cover stressed deposit outflows over a 5-day period, adding that banks should be required to show that they are able to cover “acute, ultra-short term” deposit outflows to help prevent future bank runs such as those seen during last year’s regional banking crisis. FundBank’s John D. Rosanelli recently responded to these comments in an article.
Growth of FundBank’s products and services
Revolutionizing trading: launching FundBank’s Prime Access in partnership with Interactive Brokers
Earlier this year, we were pleased to announce the launch of Prime Access, our seamless, next-generation trading experience, designed exclusively for the asset management industry and in collaboration with Interactive Brokers (NASDAQ: IBKR).
Private client and family office solutions
FundBank serves as a global custodian and banker to a number of the most sophisticated family offices and private clients globally. Our clients benefit from the robust relationships that we maintain with key service providers within the financial industry. Our highly-experienced team, together with our depth of resources and global reach, allow us to provide bespoke services to our clients.
Banking solutions for liquidators
FundBank provides a wide range of banking solutions to the liquidator for the varying needs of their liquidating entities.
Solutions for insurance and reinsurance structures
Find out more about FundBank’s comprehensive suite of banking and custody solutions for insurance and reinsurance structures.
Global expansion and digital innovations ahead
2024 has been an exciting year so far for FundBank and we are in a strong position to capitalize on the opportunities ahead as we harness the power of digitization within the industry. We look forward to sharing with you further key developments for FundBank, including our global expansion and further technology updates in the coming months.