Société Générale Securities Services in Italy has been mandated by Primonial Luxembourg Real Estate to provide depositary and fund administration services for its Primonial Italian Healthcare Fund. Primonial is an independent asset manager based in France.
Month: November 2019
Citco takes stake, expands relationship with Solovis
Citco has expanded its partnership with Solovis, the multi-asset class portfolio management, analytics and reporting platform for asset owners and allocators. The partnership with Solovis covers business, technology and services and includes an equity investment in Solovis. Citco says this will enhance the performance reporting and analytics services provided by its recently launched institutional services…
SGSS to service Alpha Real Capital’s UK PAIF
Société Générale Securities Services has been appointed by UK-based Alpha Real Capital LLP to provide custody and depositary services. SGSS is providing custody and depositary services to Alpha Real Capital’s new UK property authorised investment fund (PAIF).
SEBI approves Deutsche Bank’s commodities custody service
The Securities and Exchange Board of India (SEBI) has granted approval to Deutsche Bank to offer commodity custody services to support domestic financial institutions trading commodity derivatives. Deutsche Bank claims it is the only custodian to have received SEBI approval. Initially, the approval permits commodity custody services in gold, crude & natural gas, and commodity…
David Suetens steps back from Lux role with State Street
After seven years at State Street, David Suetens has decided to take a step back, “for personal reasons”. Suetens will be replaced in his role as head of State Street’s Luxembourg businesses by Eduardo Gramuglia Pallavicino, but will continue in his role as a supervisory board member and chair of the risk committee of State…
Daiwa AM hires Lemanik as ManCo for Lux UCITS funds
Lemanik Asset Management, a third-party management company, has been appointed by Daiwa Asset Management to provide ManCo services for a newly launched range of Luxembourg UCITS funds. RBC was recently appointed as custodian and administrator for the funds.
U.S. Bank appoints HSBC for Saudi sub-custody
U.S. Bank now offers investors access to the Saudi Arabia market. HSBC Saudi Arabia will act as sub-custodian and Saudi Arabia British Bank as cash correspondent bank. HSBC and SABB will provide U.S. Bank with local custody and cash clearing services for investment services clients investing in Saudi Arabia through the qualified foreign investor (QFI)…
IQ-EQ hires in Cayman, Japan
Two appointments at IQ-EQ, the Luxembourg-based administrator. Hiroki Allen joins the Tokyo office as director, funds for Japan. He was previously at Bloomberg and has also worked at BNY Mellon. Tedrick Green has joined the Cayman Islands business as client director. He was previously at Walkers.