The FundBank focus: 2024 so far

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.

Industry comment – building a stronger, more resilient banking sector

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.