Both Citi and HSBC have announced their facilitation of margin financing and short selling transactions in China on the first day that offshore investors have been allowed to participate in MF&SS transactions on the Shanghai and Shenzhen stock exchanges under the QFII scheme. Both banks have been market leaders in supporting global investors through the…
Year: 2020
FundRock wins UK mandate for Jupiter’s US Smaller Companies investment trust
FundRock, a Luxembourg-based administrator, has been appointed in the UK as AIFM and company secretary for Jupiter US Smaller Companies PLC. FundRock will provide oversight of the delegated functions as well as risk and compliance monitoring. FundRock will leverage its established investment trust business and its existing partnership with J.P. Morgan for depositary, custody and…
Universal-Investment to buy Metzler’s Irish business
Universal-Investment Group is entering the Irish fund market with the acquisition of Metzler Ireland Limited (MIL). MIL has 20 employees with c. EUR2.8bn under management. The company is a part of B. Metzler seel. Sohn & Co. KGaA, a German private bank. Closing of the acquisition is subject to regulatory approval.
Link to acquire Casa4Funds in Lux
Link Group and Banor Capital have signed an agreement for the acquisition of Casa4Funds by Link. Completion of the transaction is subject to regulatory approvals. Casa4Funds is a European independent third-party UCITS ManCo and AIFM, based in Luxembourg. The combined businesses will have approximately EUR3bn AuM in Luxembourg and EUR100bn across Europe.
Apex to acquire Mauritius-based GFin
Apex has announced plans to acquire GFin Corporate Services Ltd., a Mauritius-based management company providing fund administration services to institutional clients. GFin provides a range of services including company, trust and fund formation, corporate and trust administration, fund administration, corporate structuring, tax compliance, accounting and tax services, NAV calculation, directorship, company secretarial and share registry.…
Liberty appoints Stonegate/Securitize for new digital RE fund
Liberty Equity Management, a U.S.-based manager specialising in the tokenisation of commercial real estate investments, has appointed Stonegate Global Fund Services, in partnership with Securitize, to provide fund structuring, administration and tokenisation services for its new net lease security token fund. The Cayman and U.S. fund structure will enable both U.S. and global investors to…
Aberdeen Standard expands TA relationship with SS&C/IFDS
Aberdeen Standard Investments, the UK-based asset manager with AuM of c. USD562bn, has extended its transfer agency relationship with SS&C and IFDS to its Luxembourg division. SS&C will provide BPO and global transfer agency services to Aberdeen Standard Investments Luxembourg S.A., with local support from IFDS, a JV between SS&C and State Street. Aberdeen Standard…
IQ-EQ adds two senior managers to Cayman team
IQ-EQ has appointed James Bolton as country delivery director and Andrew Edgington as client director for the Cayman Islands. Bolton joins from Citco, whilst Edgington joins after a spell as an independent consultant. He has previously worked at Barings, Northern Trust and Gartmore.
Alter Domus makes acquisitions in London & Boston
Alter Domus, a Luxembourg-based provider of solutions to the alternative investment industry, has acquired London-based fintech, Credit-Vision Limited. Credit-Vision is a data and analytics platform for corporate credit investors. Credit-Vision streamlines and modernises portfolio management by automating data extraction from issuers’ financial reports and channels financial data from multiple sources into a single access point.…
Coremont hires Michele Deely as head of sales and client relations
Coremont, which was spun out from Brevan Howard in 2018, has hired Michele Deely as head of sales and client relations. Deely spent 17 years at IFS, a State Street company. State Street signed a deal with Coremont earlier in 2020 to provide an integrated front-to-back service for hedge fund managers.