I-Bytes Financial services Industry

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I-Bytes
Financial Services
July Edition 2020
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Table of Contents
1. Financial, M & A Updates...................................................................................................................................1
2. Solution Updates................................................................................................................................................12
3. Rewards and Recognition Updates..................................................................................................................17
4. Customer Updates.............................................................................................................................................20
5. Partnership Ecosystem Updates......................................................................................................................23
6. Miscellaneous Updates.....................................................................................................................................36

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Financial, M & A
Financial Services Industry

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Financial, M&A Updates
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Evernex (UK) announces the acquisition of Technogroup and creates a global
leader in data centre equipment maintenance
3i-backed Evernex, a global international provider of third-party maintenance services for
data centre infrastructure in which 3i invested, announces the acquisition of Technogroup,
the leading TPM player in the DACH region. As part of the transaction, Technogroup’s
management and its shareholder Vitruvian Partners, a leading growth equity firm with a
global presence, will roll over a significant investment into the combined group. 3i will
invest €47m of additional capital to finance the transaction, with Evernex’s management
team also reinvesting €2m. The transaction remains subject to clearance from the relevant
antitrust authorities. Headquartered in Hochheim, near Frankfurt, Germany, Techno group
was founded in 1990 and is the leading TPM player in the DACH region and Poland, with
strong brand recognition, best-in-class service, valued expertise in data centre maintenance
and value-add services for data centres. The company serves over 5,200 customers with
290 employees and over 50 service centres in Germany, Austria, Switzerland and Poland.
Technogroup has quadrupled in size over the past ten years through a mix of organic
growth and acquisitions. With Technogroup, Evernex reinforces its presence in the DACH
and Central Europe with a highly reputable team. The combined group will be uniquely
positioned to assist its customers providing a single point of contact on a truly global basis
in data centre maintenance services, with an especially strong footprint across Europe,
Latin America and MEA.
Executive Commentary
Director, and Marc Associate Director: “In the context of the COVID19 pandemic and
tight lockdowns in both France and Germany, we are proud of having achieved this
transaction. It is a significant step up to leadership in the sector and a transformative
event in the TPM space.”
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Arthur J. Gallagher & Co. (USA) Acquires Cunnington & Associates, Inc.
Arthur J. Gallagher & Co. announced the acquisition of Meridian, Idaho-based
Cunnington & Associates, Inc. Terms of the transaction were not disclosed.
Founded in 2005, Cunnington & Associates, Inc. is a full-service insurance
agency. They offer risk management, group captives, loss control, safety
programs and risk financing services to clients primarily across Idaho and the
Intermountain West, with a focus on the agriculture, construction, energy,
healthcare, manufacturing, real estate and transportation industries. Greg and
Nick Cunnington, and their associates, will continue to operate from their
current location under the direction of Jim Buckley, head of Gallagher's
Northwest Region retail property/casualty brokerage operations. Arthur J.
Gallagher & Co., a global insurance brokerage, risk management and consulting
services firm, is headquartered in Rolling Meadows, Illinois. The company has
operations in 49 countries and offers client service capabilities in more than 150
countries around the world through a network of correspondent brokers and
consultants.
"Cunnington & Associates enhances Gallagher's Northwest presence,
specifically in the Intermountain region, and expands cross-selling
opportunities with our employee benefits division said Chairman, President
and CEO of Arthur J. Gallagher & Co. I am very pleased to welcome Greg,
Nick and their associates to our growing global team."
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Arthur J. Gallagher & Co. (USA) Acquires Barrett, Liner & Buss, LLC
Arthur J. Gallagher & Co. announced the acquisition of Ocala, Florida-based
Barrett, Liner & Buss, LLC. Terms of the transaction were not disclosed.
Founded in 1981, Barrett, Liner & Buss offers a full range of employee benefit
solutions to employers throughout the state of Florida representing a variety of
industries, encompassing healthcare, manufacturing and education. Thomas
Buss and his associates will continue to operate from their current location
under the direction of John Tournet, head of Gallagher's Southeast region
employee benefit consulting and brokerage operations. Arthur J. Gallagher &
Co., a global insurance brokerage, risk management and consulting services
firm, is headquartered in Rolling Meadows, Illinois. The company has
consultants.
"Barrett, Liner & Buss expands our geographic presence in northern Florida
and further enhances our employee benefits expertise in servicing public
entity and healthcare clients said Chairman, President and CEO of Arthur J.
Gallagher & Co. I am very pleased to welcome Thomas and his associates to
Gallagher."
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Arthur J. Gallagher & Co. (USA) Acquires CA Insurance Brokers
Arthur J. Gallagher & Co. announced the acquisition of Brisbane,
Queensland-based CA Insurance Brokers. Terms of the transaction were not
disclosed. Founded in 2002 by Andrew Howard, CA Insurance Brokers is a
mid-market insurance broker specialized in commercial transportation;
construction, earthmoving and professional risks. Andrew Howard and his
associates will relocate to Gallagher's Brisbane office, operating under the
direction of Paul Harvey, Managing Director-Specialisms. Arthur J. Gallagher &
Co., a global insurance brokerage, risk management and consulting services
firm, is headquartered in Rolling Meadows, Illinois. The company has
consultants.
"Through this acquisition, CA Insurance Brokers gains access to a range of
new markets and client product offerings, while we expand Gallagher's
presence and capabilities in the Brisbane market said Chairman, President and
CEO of Arthur J. Gallagher & Co. I am very pleased to welcome Andrew and
his associates to our team."
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Arthur J. Gallagher & Co. (USA) Acquires CRES Insurance Services, LLC
Arthur J. Gallagher & Co. announced the acquisition of Las Vegas,
Nevada-based CRES Insurance Services, LLC. Terms of the transaction were
not disclosed. Founded in 1996, CRES designs, markets and services
comprehensive errors & omissions insurance and risk management services to
real estate firms and professionals across the United States, particularly in the
Southwest. The CRES team will continue to operate from their current locations
in Las Vegas and San Diego under the direction of Kevin Garvin, head of
Gallagher's North American Affinity operations. Arthur J. Gallagher & Co., a
global insurance brokerage, risk management and consulting services firm, is
headquartered in Rolling Meadows, Illinois. The company has operations in 49
countries and offers client service capabilities in more than 150 countries around
the world through a network of correspondent brokers and consultants.
"CRES's specialized expertise and product offerings to real estate agents
complement and expand our strengths in that market said Chairman, President
and CEO of Arthur J. Gallagher & Co. I am very pleased to welcome Steve
Sargenti and his associates to our growing global team."
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CIT (USA) Provides $35.9 Million in Financing for Construction of Apartment
Building
CIT Group Inc. announced that its Real Estate Finance business provided a
$35.9 million senior secured loan for construction of a new 183-unit apartment
building in Stamford, Connecticut. The project, a joint venture between Fields
Grade Development and Alpine Residential, is located on Canal Street in
Stamford, within walking distance of several large employers. The site is also a
short distance from the Metro North railway, providing easy access to Grand
Central Terminal in Manhattan and other stops along the New York-Connecticut
rail corridor. CIT is a leading national bank focused on empowering businesses
and personal savers with the financial agility to navigate their goals. CIT Group
Inc. is a financial holding company with over a century of experience and
operates a principal bank subsidiary, CIT Bank, N.A. The company's
commercial banking segment includes commercial financing, community
association banking, middle market banking, equipment and vendor financing,
factoring, railcar financing, treasury and payments services, and capital markets
and asset management. CIT's consumer banking segment includes a national
direct bank and regional branch network.
"This project is a great fit for our portfolio of projects in major metropolitan
areas, said Managing director and group head for CIT's Real Estate Finance
business. We are pleased to open a relationship with Fields Development and
Alpine Residential in supporting this project, which we are confident will be
an attractive residential property for the long term."
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CIT (USA) Leads $85 Million Financing for 80-Megawatt Pioneer Solar Project
in Colorado
CIT Group Inc. Announced that its Power and Energy unit served as sole lead
arranger on an $85 million financing for the 80-megawatt Pioneer Solar project
near Denver, Colorado. The financing was arranged on behalf of project sponsor
Idemitsu Renewables, a leading solar project developer that has successfully
built and sold hundreds of megawatts of utility-scale solar power since 2015.
The project will sell power to Intermountain Rural Electric Association, a
non-profit electric distribution cooperative based in Sedalia, Colorado. CIT is a
leading national bank focused on empowering businesses and personal savers
with the financial agility to navigate their goals. CIT Group Inc.is a financial
holding company with over a century of experience and operates a principal
bank subsidiary, CIT Bank, N.A. The company's commercial banking segment
includes commercial financing, community association banking, middle market
banking, equipment and vendor financing, factoring, railcar financing, treasury
and payments services, and capital markets and asset management. CIT's
consumer banking segment includes a national direct bank and regional branch
network.
"As one of the leading banks financing renewable energy, we are excited to
support Idemitsu Renewables in arranging financing for this important new
project that supports the growth of solar power in Colorado, said Managing
director and group head for CIT's Power and Energy business.”
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Mastercard (USA) to Acquire Finicity to Advance Open Banking Strategy
Mastercard announced it has entered into an agreement to acquire Finicity, a
leading North American provider of real-time access to financial data and
insights. The purchase price is US$825 million, and Finicity’s existing
shareholders have the potential for an earn-out of up to an additional $160
million, if performance targets are met. The addition of Finicity’s
complementary technology and teams strengthens the existing Mastercard open
banking platform to enable and safeguard a greater choice of financial services,
reinforcing the company’s long-standing partnerships with and commitment to
financial institutions and fintechs across the globe. Open banking gives people
and businesses more control over their financial data. This includes determining
how and where third parties – such as fintechs or other banks – can access that
information to provide new services like money management programs or
initiate payments on their behalf. Mastercard has increasingly invested in this
space over several years, including the 2019 launch of a set of comprehensive
open banking solutions in Europe. The combination of these efforts with the
Finicity technology powering platforms such as Quicken Loans Rocket
Mortgage and Experian Boost has the potential to shape the next generation of
open banking services.
“Open banking is a growing global trend and a strategically important space
for us. With the addition of Finicity, we expect to not only advance our open
banking strategy, but enhance how we support and accelerate today’s digital
economy across several markets, said President of Mastercard. “Finicity has a
proven business, built on partnerships with thousands of banks and fintechs,
similar to us. Finicity also shares our commitment to consumer-centric data
practices, ensuring consumers have a say in how and where their information
should be used. It’s through the use of next generation open banking APIs and
clear consumer approvals that this financial information can deliver
streamlined loan and mortgage processes, rapid account-based payment
initiation and personal financial management solutions.”
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Morgan Stanley (USA) Announces $10 Million to Support National Urban
League Collaboration
Morgan Stanley is pleased to announce $10 million in grants to support
the National Urban League and expand a number of critical initiatives
in communities where the Urban League operates.
The funds will support the following initiatives:
• Infrastructure support for NUL’s Urban Empowerment Fund, credit
union and NUL’s financial literacy and homeowner counselling
programs.
• NULs Workforce Development Program with an emphasis on
technology programs that help close the digital divide by expanding
broadband access for communities and households that lack affordable
high-speed internet. The current pandemic has demonstrated the
importance of equitable internet access for working and attending
school from home.
• A four-year internship program in NUL’s Office of the President to
provide rising leaders the opportunity to work alongside NUL’s
executive management.
“We are proud to further our commitment to our longstanding partner
the National Urban League to support underserved communities that
have disproportionally been impacted by the COVID 19 pandemic
and its economic consequences, said Vice Chairman of Morgan
Stanley. This funding will help maximize the positive impact of the
NUL on the communities it serves.”
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Key Financial Highlights

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TD Ameritrade (USA) Announces Shareholder Approval of Merger with Charles
Schwab and Closing of DOJ Investigation of Merger
TD Ameritrade Holding Corporation announced that its shareholders
have voted to approve and adopt its merger agreement with The
Charles Schwab Corporation, a leading provider of financial services
offering a full range of wealth management, securities brokerage,
banking, asset management, custody and financial advisory services
to individual investors and independent investment advisors. During
a virtual special meeting of shareholders held today, TD Ameritrade
shareholders overwhelmingly approved the merger agreement, with
more than 99 percent of the votes cast being voted in favour of the
proposal.
“We are pleased that our shareholders are supportive of this
transformative opportunity to create the ultimate client experience
for retail investors and independent registered investment advisors,
said Interim president and CEO, TD Ameritrade. We look forward
to joining forces with Schwab to deliver sustainable, long-term
value to our many stakeholders.”
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Morgan Stanley (USA) Announces $10 million To Support Minority Depository
Institutions
Morgan Stanley announced $10 million in grants to Minority Depository
Institutions including Industrial Bank of Washington, D.C., and Citizens
Trust Bank of Atlanta, GA. These grants of $5 million to each MDI will
allow the banks to bolster loan loss reserves to help weather the economic
impact of COVID-19 in the wake of the pandemic. In addition, the grants
will help the banks assist small businesses that were affected by
COVID-19, particularly those that did not receive federal relief loans, and
will support additional investments into technology systems to improve
delivery of customer, mortgage and business lending services. Morgan
Stanley is a leading global financial services firm providing investment
banking, securities, wealth management and investment management
services. With offices in more than 41 countries, the Firm's employees
serve clients worldwide including corporations, governments, institutions
and individuals.
“Morgan Stanley is committed to supporting communities in need
during this tragic health crisis, and particularly to supporting minority
communities that have been impacted more substantially by COVID-19,
said Chairman and CEO of Morgan Stanley Private Bank, National
Association and Morgan Stanley Bank, N.A. We are pleased to make
these commitments to our MDI partners so they can continue and
deepen their important work as anchor financial institutions in their
cities. Industrial Bank and Citizens Trust each have a longstanding
mission to serve minority communities, and they play a critical role in
the economic recovery of neighbourhoods and cities.”
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Solutions Updates

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Solution Updates
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Ameriprise (USA) Bank, FSB Provides Home Mortgage and Refinancing
Solutions to Clients
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Solution Description
Ameriprise Financial announced it is rolling out home lending solutions to further serve clients’ comprehensive and
long-term financial needs. Through a new partnership with Embrace Home Loans, Ameriprise clients will have access to
mortgage products and services to complement the personalized advice they receive from their Ameriprise financial
advisors. Additionally, the new relationship provides Ameriprise clients with competitive interest rates, no application
fees, a streamlined application process and a dedicated loan consultant from pre-qualification to closing.
In addition to resources and expertise to buy or refinance a home, Ameriprise clients will have access to Embrace’s lending
programs, including:
• Approved to Move™: This program gives clients a fully underwritten loan approval before they set foot in an open
house.
• Complimentary Mortgage Review: A holistic evaluation that compares clients’ existing mortgages to current market
opportunities.
• A streamlined application process: Clients can track the loan online, 24/7, and will receive Status Manager alerts so they
can stay apprised of the progress of their loan application.

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Solution Updates
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Discover (USA) Launches IRA Savings Account Giving Customers Flexibility
When Saving for Retirement
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Discover Launches IRA Savings Account Giving Customers Flexibility When Saving for Retirement. Discover® aims to
make saving for retirement easier by offering a no fee, no minimum opening deposit and a no lock-in duration option with
the introduction of IRA Savings. The new retirement product allows customers the tax advantages that come with an IRA
while having the flexibility of a savings account. Discover Financial Services is a digital banking and payment services
company with one of the most recognized brands in U.S. financial services. Since its inception in 1986, the company has
become one of the largest card issuers in the United States. The company issues the Discover card, America's cash rewards
pioneer, and offers private student loans, personal loans, home loans, checking and savings accounts and certificates of
deposit through its banking business. It operates the Discover Global Network comprised of Discover Network, with
millions of merchant and cash access locations; PULSE, one of the nation's leading ATM/debit networks; and Diners Club
International, a global payments network with acceptance around the world.

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Solution Updates
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ICE (USA) Data Services Launches Real-Time Publication of Key Fixed
Income Indices
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Intercontinental Exchange, Inc., a leading operator of global exchanges and clearing houses and provider of data and
listings services, announced that ICE Data Services has launched real-time publication of several of its most popular fixed
income indices. These indices will continue to be administered by ICE Data Indices, LLC. Intercontinental Exchange is a
Fortune 500 company formed in the year 2000 to modernize markets. ICE serves customers by operating the exchanges,
clearing houses and information services they rely upon to invest, trade and manage risk across global financial and
commodity markets. A leader in market data, ICE Data Services serves the information and connectivity needs across
virtually all asset classes. As the parent company of the New York Stock Exchange, the company is the premier venue for
raising capital in the world, driving economic growth and transforming markets. Intercontinental Exchange is a Fortune
500 company formed in the year 2000 to modernize markets. ICE serves customers by operating the exchanges, clearing
houses and information services they rely upon to invest, trade and manage risk across global financial and commodity
markets. Aleader in market data, ICE Data Services serves the information and connectivity needs across virtually all asset
classes. As the parent company of the New York Stock Exchange, the company is the premier venue for raising capital in
the world, driving economic growth and transforming markets.

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Solution Updates
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HKEX (Hong Kong) To Launch New Sustainable and Green Exchange
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Hong Kong Exchanges and Clearing Limited is pleased to announce plans to launch the HKEX Sustainable and Green
Exchange, ‘STAGE’. This pioneering new information platform is the first-of-its kind in Asia, and will act as a central
hub for data and information on sustainable and green finance investments in the region. STAGE will promote the
visibility, transparency, and accessibility of sustainable and green finance across asset class and product type. It will
provide investors with access to a comprehensive database of sustainable and green investment options that are available
on Hong Kong’s securities markets. It will also act as a valuable education and advocacy platform, promoting knowledge
sharing and stakeholder engagement in sustainable finance. In its initial phase, STAGE will be home to a repository of
information on sustainability, green and social bonds and ESG-related Exchange Traded Products listed on HKEX.
Issuers with products that meet international standards or principles and provide post-issuance reports annually are invited
to join STAGE without the need to pay any fees and to display their products on the platform. The online repository will
be launched as early as later this year.

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Solution Updates
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TD Ameritrade (USA) Institutional Launches Online Tool That Matches RIAs With
M&A Opportunities, Successors and Next Gen Talent
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TD Ameritrade Institutional1introduces RIAConnect®, a new technology tool that makes it easier for independent
registered investment advisors to make the kind of people connections that can help them pursue their strategic goals.
RIAConnect is designed to facilitate virtual introductions between potential acquirers and firms exploring a sale or a
merger. It can aid firms looking to implement succession or contingency plans. Additionally, it connects firms that want to
hire next-generation talent with graduates and career-changers looking to join an advisory firm. RIAConnect provides all
these services -- at no cost -- exclusively to clients of TD Ameritrade Institutional. Better yet, clients have seamless access
to RIAConnect through Veo One®, TD Ameritrade Institutional’s advanced custody and brokerage platform. Meanwhile,
the RIAindustry faces a talent shortage as a wave of retirements is expected to outpace the numbers of young professionals
joining RIA firms. Advisors tell TD Ameritrade that though they’re eager to add next generation talent, they don’t always
know where to look. RIAConnect offers an effective way to search for high-performing talent by connecting firms with
recent graduates and career changers.

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Rewards & Recognition

R & R Updates
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CME Group (USA) Named to IDG's Insider Pro and Computerworld's 2020
List of 100 Best Places to Work in IT
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CME Group, the world's leading and most diverse derivatives marketplace announced that it has been selected by IDG's Insider Pro
and Computerworld as a 2020 Best Places to Work in IT, one of 100 top organizations that challenge their IT staffs while providing
great benefits and compensation. This is the third consecutive year CME Group has received this recognition. Organizations will be
included in coverage on IDGInsiderPro.com and Computerworld.com along with results from the 2020 Best Places to Work in IT
survey. The Best Places to Work in IT list is an annual ranking of the top 100 work environments for technology professionals by
Insider Pro and Computerworld. The list is compiled based on a comprehensive questionnaire regarding company offerings in
categories such as benefits, career development, training and retention. In addition, IDG conducts extensive surveys of IT workers,
and their responses factor heavily in determining the rankings. As the world's leading and most diverse derivatives marketplace,
CME Group enables clients to trade futures, options, cash and OTC markets, optimize portfolios, and analyze data – empowering
market participants worldwide to efficiently manage risk and capture opportunities.
R&R Description

R & R Updates
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Investec (UK) Aviation Finance win prestigious Air Finance Journal Award
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Investec Aviation Finance showed its prominence as a leader in Africa by winning the Deal of the Year – Africa award for the
second year in a row at the prestigious Air Finance Journal Awards. The winning transaction consisted of three components, and
were completed on behalf of Air Austral and its subsidiary, EWAAir, during 2019. The transactions involved a pre-delivery
payment facility on three Airbus A220-300s, a revolving credit note issue and a note issue to fund a French tax lease of two new
ATR 72-600s. The deals involved a number of firsts, including the first aircraft-secured private placement note and first revolving
credit private placement note issuance for a French Airline. The transaction demonstrated the global capabilities of the Investec
group with Investec Bank Limited as lead arranger, security trustee, agent and lender for all the transactions, while Investec Bank
plc and Investec Bank Limited participated in the transactions. Investec worked closely with Paris-based La Banque Postale, who
provided the structurally subordinated loan underlying the tax benefit regarding the French tax lease for the two ATR 72-600s.
David Minty, head of Aviation Finance at Investec, says the award showed Investec’s capabilities in creating innovative solutions,
often under tight deadlines to support airlines and manufacturers.
R&R Description

R & R Updates
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Morgan Stanley (USA) Becomes First Company to Top the Institutional Investor
All-Asia Research Rankings for Six Consecutive Years
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Morgan Stanley announced that the Firm was voted number one in Institutional Investor magazine’s All-Asia Research Team
annual rankings, becoming the first company in the 27-year history of the Asia survey to achieve the top position for six years in a
row. This year, we shared the number one place with Citi. The Institutional Investor 2020 All-Asia Research Team Rankings reflect
the opinions of 4,800 investment professionals from 1,300 institutions. Morgan Stanley’s Asia Research teams were ranked in all
35 available categories, with 11 teams ranked #1, 18 teams ranked #2, and five teams on #3; in total, 34 teams ranked among the
Top 3. The poll covers Asia ex-Japan. Morgan Stanley Research’s range of industry-leading products – Blue Papers, Foundations,
Insights, Ideas, and Updates – provides clients with differentiated content from deep-dive, long shelf-life pieces to shorter, more
actionable reports. Morgan Stanley is a leading global financial services firm providing investment banking, securities, wealth
management, and investment management services. With offices in more than 41 countries, the Firm's employees serve clients
worldwide including corporations, governments, institutions, and individuals.
R&R Description

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Customer Success

Customer Success Updates
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Ossiam Selects ICE (USA) Data Services for Carbon Reduction ETF
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Intercontinental Exchange, Inc., a leading operator of global exchanges and clearing houses and provider of data and listings services,
announced that Ossiam has selected the ICE 3-5 Year Euro Government Carbon Reduction Index, administered by ICE Data Indices, LLC, as
the benchmark for a new exchange traded fund, called the Ossiam 3-5 Year Euro Carbon Reduction ETF. Ossiam is a leading smart beta
investment management firm and is an affiliate of Natixis Investment Managers. The ICE 3-5 Year Euro Government Carbon Reduction Index
measures the performance of 3-5 year Euro sovereign bonds whose weightings are adjusted to achieve up to a 30% reduction in the weighted
average fossil carbon emissions of the countries in the index relative to the ICE BofA 3-5 Year Euro Government Index, a pure
market-capitalization weighted index. The fossil carbon emissions reductions are achieved while staying within a 5% maximum deviation of
each country’s market capitalization weight. The carbon metric is based on CO2 per capita data published in the EU’s Emissions Database for
Global Atmospheric Research. As of May 31, 2020, the carbon reduction index achieved a 12.6% reduction in the average CO2 per capita
relative to the market weighted index. Both indices are part of the ICE Data Indices comprehensive family of more than 6,000 global fixed
income, equity, commodity and currency indexes, which leverage ICE Data Services’ pricing, reference data and analytics solutions.
Description

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Voya (USA) Selected as New Service Provider for the Anchor Brewing Company
Retirement Plan
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Voya Financial, Inc., announced that its Retirement business has been selected as the new recordkeeper and service provider for the Anchor
Brewing Company, LLC, 401(k) Retirement Plan. Anchor Brewing Company, LLC, owned by Sapporo USA, is one of America’s oldest brewers
and produces San Francisco’s world-famous Anchor Steam® Beer. The company’s 401(k) plan, which will transition to Voya in July 2020,
represents approximately $800 thousand in assets under administration and serves roughly 61 participants. As part of its commitment to
advancing the retirement readiness of all Americans, Voya will provide plan members with access to industry-leading educational tools and
resources. These include Voya’s myOrangeMoney® interactive and educational participant website experience, along with access to in-plan
advice through managed accounts. Participants will also have access to a wide range of investment options, including Voya index target date
funds from Voya’s own asset manager, Voya Investment Management. Voya Financial, Inc., helps Americans plan, invest and protect their
savings — to get ready to retire better. Serving the financial needs of approximately 13.8 million individual and institutional customers in the
United States, Voya is a Fortune 500 company that had $7.5 billion in revenue in 2019.
Description

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Assurant, Inc., Selects Voya Investment Management (USA) for Portfolio Outsourcing
Mandate
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Voya Investment Management, the asset management business of Voya Financial, Inc., announced that it was selected by
Assurant, Inc., a leading global provider of lifestyle and housing solutions that support, protect and connect major consumer
purchases — to manage a $6 billion tranche of Assurant’s general account. Assurant, Inc., is a leading global provider of
lifestyle and housing solutions that support, protect and connect major consumer purchases. A Fortune 500 company with a
presence in 21 countries, Assurant offers: mobile device solutions; extended service contracts; vehicle protection services;
pre-funded funeral insurance; renters’ insurance; lender-placed insurance products; and other specialty products. Voya
Investment Management has the experience and resources to provide clients with investment solutions with an emphasis on
equities, fixed income, and multi-asset strategies and solutions. Voya Investment Management was named in 2015, 2016,
2017, 2018 and 2019 as a “Best Places to Work” by Pensions & Investments magazine.
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Partner Ecosystem

Partner Ecosystem Updates
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AMG (USA) Announces Partnership with Inclusive Capital Partners, Following
Completion of ValueAct Capital Long-Term Succession Plan
23
Affiliated Managers Group, Inc., a global asset management company announced that it will be a minority equity partner to newly
founded independent investment firm Inclusive Capital Partners, L.P. The successful completion of generational management transition
at longtime Affiliate ValueAct Capital Management, L.P. has facilitated the launch of In-Cap. ValueAct founder Jeffrey W. Ubben will
retire from ValueAct and will continue to manage the ValueAct Spring Fund after he transitions to In-Cap. The Spring Fund investment
team is moving to In-Cap to continue its work of over two years together on the Spring Fund portfolio. AMG is a global asset
management company with equity investments in leading boutique investment management firms. AMG’s strategy is to generate
long‐term value by investing in leading independent active investment managers, through a proven partnership approach, and allocating
resources across the Company's unique opportunity set to the areas of highest growth and return. AMG’s innovative partnership
approach allows each Affiliate’s management team to own significant equity in their firm while maintaining operational autonomy. In
addition, AMG provides centralized assistance to its Affiliates on strategy, marketing, distribution, and product development. As of
March 31, 2020, AMG’s aggregate assets under management were approximately $600 billion across a broad range of active,
return-oriented strategies.
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Aon Investment (UK) Partners with PRI for Responsible Investing Training Initiative
24
Aon plc announced that nearly 500 of its financial and investment professionals completed training in responsible investment via the
Principles for Responsible Investment Academy. The academy is a global leader in environmental, social and governance education and
training services for financial services, corporate and other professionals seeking to learn how these issues impact company
performance, shareholder value and investment decision making. According to Aon, a leading global professional services firm
providing a broad range of risk, retirement and health solutions, 82 percent of investors report responsible investing is at least
somewhat important to their organization, up from 68 percent in 2018. This growth occurred across all geographic regions and
institutional investor types, which include corporate pensions, public pensions, endowments and foundations, and defined contribution
plans. The increase in those that believe responsible investing is at least somewhat important, by region:
• UK: 87 percent, up from 66 percent in 2018
• United States: 78 percent, up from 57 percent in 2018
• Canada: 78 percent, up from 68 percent in 2018
• Continental Europe: 85 percent, up from 80 percent in 2018
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Aon (UK) collaborates with The Climate Service to manage the financial impacts of a
changing climate
25
Aon plc, a leading global professional services firm providing a broad range of risk, retirement and health solutions, is collaborating
with The Climate Service to help clients understand and manage climate risks today and into the future. Financial regulators across the
world, including in Canada, the European Union, Hong Kong, Japan, Singapore and the UK, are setting guidelines to manage the
effects of climate change on financial stability and build on the work of the Financial Stability Board’s Taskforce on Climate-Related
Financial Disclosures. This further compels businesses to measure and manage climate risk but often they do not have the tools to
quantify the key parameters. The novel coronavirus has tested the resilience of economies and is providing a good example of how
systemic changes can impact financial, economic and social stability. To better prepare companies across all sectors for the impact on
climate, Aon has entered into an exclusive broker relationship with The Climate Service that combines science and technology to
measure, monitor and manage the financial impacts of climate on business and investments. While the Climanomics® platform is
currently used by asset managers, Aon identified an opportunity to broaden the reach of these insights to risk managers and accelerate
the firm’s ability to support clients in a broader set of industries.
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CME Group (USA) and B3 to Jointly Develop New Soybean Futures Contracts Connecting
Global Participants to Brazilian Agricultural Markets
26
CME Group, the world's leading and most diverse derivatives marketplace, and B3 S.A., one of the world's largest financial market
infrastructure companies, announced an agreement to jointly develop risk management products for both Brazilian domestic and global
market participants. Under the terms of the agreement, CME Group and B3 will work together to launch futures on Brazilian soybeans
in Q3 2020, pending regulatory approvals. These new futures contracts will build on the existing cooperation agreement CME Group
and B3 have had in place since 2007 for technology services and cross-listing of futures products. The new, expanded agreement also
includes the extension of the existing B3 cross-listed mini-soybean futures and options contracts, and will allow the companies to
evaluate potential products related to South American soybean and soybean-related products. As the world's leading and most diverse
derivatives marketplace, CME Group enables clients to trade futures, options, cash and OTC markets, optimize portfolios, and analyze
data – empowering market participants worldwide to efficiently manage risk and capture opportunities. CME Group exchanges offer
the widest range of global benchmark products across all major asset classes based on interest rates, equity indexes, foreign exchange,
energy, agricultural products and metals.
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Clearstream (Germany) selects Finomial to automate trade documentation for funds
27
Clearstream, Deutsche Börse Group’s post-trading services provider, has selected Finomial’s client lifecycle management technology to
automate trade documentation completion for alternative investments, including hedge funds and private equity. As a leading
alternative funds custodian specialising in alternative investments, Clearstream places trades with over 40,000 hedge funds across 45
jurisdictions globally. Finomial’s platform drives efficiency and transparency in what has historically been a labour-intensive,
paper-based process required for investing in alternatives. From the end of 2020, Clearstream’s clients will benefit from fully
automated trade documentation completion, a client interface to automate collection and provision of individual customer declarations,
reducing risk and delivering greater investor transparency. As an international central securities depository, Clearstream, which is part
of Deutsche Börse Group, provides the post-trade infrastructure for the Eurobond market and services for securities from 58 domestic
markets worldwide. With around 14 trillion Euros in assets under custody, Clearstream is one of the world’s largest settlement and
custody firms for domestic and international securities. Clearstream delivers investment fund solutions built on asset safety and
distribution efficiency. The Vestima one-stop shop for funds acts as single point of entry for orders, streamlined cash management and
consolidated position reporting in a secure environment. Clearstream offers customers direct access to local domiciled funds in 48 fund
jurisdictions worldwide.
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Wiener Börse and Deutsche Börse (Germany) to extend cooperation ahead of schedule
28
Wiener Börse AG and Deutsche Börse AG have agreed to continue their technology partnership ahead of schedule by five years. Trading on
the Vienna Stock Exchange and its partner exchanges in Budapest, Ljubljana, Prague and Zagreb will thus continue to run via the
established T7 system in the coming years. Innovations in the trading system, which is also used on Xetra and the Eurex derivatives
exchange, will be continuously available to the Vienna Stock Exchange and its partners. This ensures that the Vienna Stock Exchange, and
the stock exchanges it serves, will keep their trading technology at the cutting edge. Wiener Börse and Deutsche Börse have been in a
20-year technology partnership. Deutsche Börse's trading system has been in operation on the Austrian cash market since November 1999.
After establishing its cooperation network in Central and Eastern Europe, Wiener Börse now offers trading system services for five markets.
In December 2010, it rolled out the trading system on the Ljubljana Stock Exchange. The Prague Stock Exchange followed in November
2012, the Budapest Stock Exchange in December 2013 and, finally, the Zagreb Stock Exchange in July 2017. Various other exchanges in
Europe and around the world also use Deutsche Börse's trading infrastructure. These include the global derivatives exchange Eurex, the
Xetra trading venue in Frankfurt and the European Energy Exchange, which all use the T7 system. In addition, cash market trading at the
Shanghai Stock Exchange is based on technologies from Deutsche Börse.
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Deutsche Börse (Germany): REGIS-TR partners with Cappitech
29
REGIS-TR is teaming up with Cappitech in connection with its partnership programme. Reflecting the already close
collaboration, the official partnership will see a continuation of the common work across EMIR, FinfraG, SFTR and
UK EMIR regulation, underpinned by REGIS-TR’s and Cappitech’s services complimenting one another to deliver a
streamlined, end-to-end service to all clients. Cappitech’s compliance platform automates the reporting process,
providing a full view on a single dashboard for reporting regimes across Europe. REGIS-TR is a leading European
trade repository offering reporting services covering all the major European trade repository obligations. In
accordance with legislation promoting market transparency, the detail of the trades reported is aggregated to present a
composite view of current positions for the benefit of regulatory authorities and market participants. REGIS-TR is
open to financial and non-financial companies and institutions.
Description

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Frasers Property Australia partners with JWH Group on East Green homes
30
Frasers Property Australia and the Department of Communities have appointed award-winning builder New Level Homes, part
of the JWH Group, to design and deliver turn-key two-storey residential homes at East Green, with new artists’ impressions
offering a sneak peek of what’s to come at the new Greenwood community. Buyers have shown keen interest in East Green
since the commencement of a registration of interest campaign in March for the joint project between the Department of
Communities and Frasers Property Australia. The builder will also provide other home design choices for land lot buyers,
offering a wide range of options that can be tailored to different tastes, budgets and needs. Spanning 3.86 hectares in
Greenwood, when complete, East Green will accommodate between 80 and 100 new homes, all within a naturally picturesque
location just 17km from Perth’s CBD. Designed with health and positive wellbeing in mind, the East Green development has a
green focus, with more than 50 per cent of its housing overlooking an expansive parkland. The parkland incorporates existing
native and grass trees with new turfed areas and plantings. The project has been awarded a 5 Star Green Star Communities
rating from the Green Building Council of Australia.
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Freddie Mac (USA) Collaborates with FHFA to Publish Translated COVID-19
Resources in Six Languages on LEP site
31
Freddie Mac Collaborates with FHFA to Publish Translated COVID-19 Resources in Six Languages on LEP site. To help
limited English proficiency borrowers who are experiencing mortgage-related difficulties due to the coronavirus national
emergency, today the Federal Housing Finance Agency added new translations to the Mortgage Translations website. Site
visitors can now choose English, Spanish, traditional Chinese, Vietnamese, Korean, or Tagalog when accessing scripts that
servicers use when discussing COVID-19 forbearance with borrowers. The revised Mortgage Assistance Application is also
available in the same six languages. The Mortgage Translations website, a collaboration where FHFA has joined with Fannie
Mae and Freddie Mac, contains resources designed to assist lenders, servicers, housing counselors, and others in helping LEP
borrowers navigate the mortgage process. Resources available on the website include the Uniform Residential Loan
Application, a step-by-step guide to apply for or refinance a mortgage, and a glossary of mortgage terminology. All documents
are currently available in Spanish, traditional Chinese and, as of April, Vietnamese.
Description

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Credit Suisse Joins ICE (USA) ETF Hub as An Authorized Participant
32
Intercontinental Exchange, Inc., a leading operator of global exchanges and clearing houses and provider of data and listings
services announced that Credit Suisse has joined the ICE ETF Hub as an authorized participant and has become a member of
the advisory committee for the platform. ICE ETF Hub has been developed as an industry-wide, open architecture, primary
market technology solution for ETFs, which forms a more standardized and simplified process for ETF creation and
redemption. It currently supports both US-listed domestic equity and fixed income ETFs. Intercontinental Exchange is a
Fortune 500 company formed in the year 2000 to modernize markets. ICE serves customers by operating the exchanges,
clearing houses and information services they rely upon to invest, trade and manage risk across global financial and commodity
markets. A leader in market data, ICE Data Services serves the information and connectivity needs across virtually all asset
classes. As the parent company of the New York Stock Exchange, the company is the premier venue for raising capital in the
world, driving economic growth and transforming markets.
Description

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Mastercard (USA) Partners with Facebook to Enable Brazilians to Send and Receive
Money Using WhatsApp
33
Mastercard announced the extension of its partnership with Facebook to offer a new and innovative way for Brazilians to send
and receive money from friends and family on the WhatsApp application. Mastercard cardholders banking with Nubank and
Sicredi are among the first in Brazil to experience payments on WhatsApp. Additional banking partners are expected to join the
program soon. Person-to-person payments are experiencing significant growth across the world, driven by technologies and
mobile platforms that consumers enjoy using at little-to-no cost to them. Globally, domestic P2P transfers are expected to reach
more than $2.07 trillion in volume by 20222. Until now, the P2P user-experience in Brazil was cumbersome and time
consuming. Consumers had to identify money transfer services and provide bank account information for recipients, who could
wait days to receive funds. With the enablement of P2P payments on WhatsApp, Brazilians will be able to send and receive
money conveniently and securely by registering their debit card through the most popular instant messaging app in the country,
eliminating the risks and inefficiencies associated with other payment methods including cash.
Description

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Rollick and Synchrony (USA) Partner to Help Dealers Enhance and Grow
Powersports Sales
34
Rollick, founders of the GoRollick vehicle buying marketplace for some of the largest and most trusted affinity groups in the
country, and Synchrony, a premier consumer financial services company, announced a new financing program partnership that
is designed to help increase powersports sales for dealers this summer and beyond. The partnership will start with a small pilot
population of dealers across the country. Based on Rollick data, demand for powersports vehicles surged in April and May
2020, with GoRollick marketplace site traffic up 441% versus the same period in 2019. The Rollick and Synchrony partnership
will focus on delivering greater consumer financing awareness for powersports vehicle purchases as consumers engage in their
on-line shopping experience. The greater awareness combined with a consumer rebate program offered by Synchrony will
offer consumers more information about the affordability of their planned purchase and deliver them the confidence to
complete their purchase using financing from Synchrony once they visit the dealership. Beginning mid-June 2020, eligible
members who use the GoRollick program and are approved to finance their Powersports vehicle purchase with Synchrony at a
participating Rollick and Synchrony dealer, will be eligible to receive a $150 rebate on any new or used motorcycle, scooter,
ATV, Side-by-Side, jet ski, snowmobile or golf cart.
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CARECREDIT (USA), PETDESK Partnership Empowers Greater Access to
Pet Care
35
CareCredit, a leading promotional financing solution for pet care, and PetDesk, the leading provider of veterinary client
communications software, have partnered to provide the first mobile pet health app with integrated financing options. The
multi-year strategic partnership is focused on enhancing access to care by unlocking new channels of communication, virtual
care and anytime, anywhere financing, including the future addition of touchless payment within the app. During these
uncertain times, pet parents are actively seeking budget-friendly solutions to pay for their pet’s care, which they consider
essential. With CareCredit’s financing options integrated into the PetDesk app, pet parents will be empowered to plan both their
pet’s veterinary care and how to manage the cost, providing them with peace of mind. The PetDesk platform supports proactive
planning through health reminders and appointment scheduling, and Two-Way Messaging and Video Chat extend access to
care. With nearly half of CareCredit credit applications originating online and via mobile, this new partnership allows
customers to seamlessly apply for credit and receive a credit decision right away.
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Miscellaneous

Miscellaneous Updates
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Ameriprise Financial Institutions Group (USA) Welcomes ESSA Bank & Trust
36
Ameriprise Financial announced that ESSA Bank & Trust has transitioned its investment management program,
ESSA Investment Services, to Ameriprise Financial Institutions Group. ESSA joins AFIG from Cetera. The
Stroudsburg, PA-based bank employs three financial advisors who manage $218 million in brokerage assets.
Through the new relationship, AFIG will support the financial advisors in providing ESSA clients with
personalized advice and investment solutions. AFIG partners with community banks and credit unions to help
their clients reach their financial goals. AFIG will provide ESSA access to a full range of financial planning
services and products including retirement, estate and college planning, brokerage accounts and investment
products. Ameriprise formed its Financial Institutions Group after acquiring Investment Professionals, Inc. in
2017. Leveraging Ameriprise’s strength as a wealth manager and IPI’s expertise in serving the financial
institutions market, the AFIG channel specializes in the on-site delivery of investment programs to banks and
credit unions.
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Aon (UK) Launches New Pooled Employer Plan for Retirement Savings
37
Aon plc, a leading global professional services firm providing a broad range of risk, retirement and health solutions, announced the
launch of its new Pooled Employer Plan. Voya Financial, one of the leading retirement plan providers in the U.S., will serve as the
recordkeeper for the new plan, which will be available Jan. 1. The new PEP stems from the Setting Every Community Up for
Retirement Enhancement Act provision allowing employers to join forces to create higher performing, more efficient 401(k) plans.
Aon's PEP will relieve employers of many fiduciary duties they have today. Due to the economies of scale, it also has the potential
to lower fees for plan participants and provide access to state-of-the-art features that may be difficult for individual employers and
fiduciary committees to both assess and access independently. The defined contribution plan provides the efficiency and scale of a
pooled plan, while maintaining individual employer autonomy to define matching and other contribution levels, and various key
plan design features. It also has the potential to provide cost savings to employers of all sizes. The SECURE Act, which was federal
legislation passed into law December 2019, was designed to encourage broader 401(k) plan participation and greater retirement
savings. With the law's passing, employers will no longer need to sponsor their own individual 401(k) plan and absorb the risks and
workload associated with that role. Instead, employers from all industries and sizes may pool resources together to increase
efficiency and create better outcomes for participants.
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CIT (USA) Northbridge Credit Serves as Sole Lender on $50 Million Credit Facility for
CITIES Market Studios
38
CIT Group Inc. announced that CIT Northbridge Credit, as advised by CIT Asset Management LLC, served as sole lead arranger
on a $50 million senior secured revolving credit facility for CITIES Market Studios. Based in Minneapolis, Minnesota, CITIES is a
global consumer product and retail strategy company that collaborates with retailers, brands and inventors to develop and execute
strategies, products and programs for the digital and physical markets. CIT Northbridge Credit is a trusted financial partner
supporting middle-market companies with a broad range of flexible asset-based debt solutions. A joint venture advised by CIT
Asset Management, it provides revolving and term loan commitments from $15 million to $150 million to companies across
various industries and business cycles, and serves primarily as sole lender, agent, club participant or co-lender. CIT is a leading
national bank focused on empowering businesses and personal savers with the financial agility to navigate their goals. CIT Group
Inc. is a financial holding company with over a century of experience and operates a principal bank subsidiary, CIT Bank, N.A. The
company's commercial banking segment includes commercial financing, community association banking, middle market banking,
equipment and vendor financing, factoring, railcar financing, treasury and payments services, and capital markets and asset
management.
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Ethoca (USA) and Aite Group Research Finds Cardholders Are Eager for Digital Solutions
that Deliver Greater Purchase Transparency
39
Ethoca, a Mastercard company announced the release of new research that reveals cardholders have a strong appetite for digital
solutions that provide greater insight into their purchases. These digital solutions will improve customer experience as well as
reduce disputes, chargebacks and false claims by delivering in-depth purchase information direct to cardholders through digital
channels such as mobile banking applications. According to the study, 72% of consumers engage with their financial service
providers’ website or mobile application at least once a month. This makes the digital channel a critical avenue between them and
their issuer – one that cardholders expect more from when it comes to information available on-demand. Furthermore, 96% of
surveyed consumers expressed a preference for having more detailed transaction information available to provide increased clarity.
The features identified by the 1,000+ surveyed consumers as being most valuable for alleviating transaction confusion are:
• A picture of the printed receipt
• The date and location of delivery for online purchases
• A full list of products purchased
• A link to refund and return details for the purchase
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