Month: June 2020

Aztec Group, the C.I.-based administrator, has been selected by Ardian, the French private investment firm, to administer its eighth-generation secondaries platform, ASF VIII, said to be the world’s largest secondaries platform. ASF VIII attracted commitments totalling USD19bn from 275 investors in nearly 40 countries. Ardian, an Aztec client since 2013, has USD96bn AuM.

UMB Fund Services has been named distributor for Smead Value Fund, a registered mutual fund advised by Smead Capital Management. Via UMB Distribution Services, it will provide broker/dealer compliance solutions including supervision of registered representatives, advertising review and approval, and dealer agreement and distribution payments support. Smead Capital Management manages around USD1.58bn for advisors, family…

AJ Bell, a UK-based investment platform provider, has appointed Clearstream as its primary custodian for its fund processing activities. Clearstream will be AJ Bell’s primary custodian for funds custody, settlement and order routing for its Youinvest, Investcentre and Custody Solutions products through Vestima, its global fund processing platform.

CIBC Mellon has been appointed to provide custody, fund accounting and ETF servicing for CI Financial’s 14 Toronto Stock Exchange-listed CI WisdomTree ETFs, which the company recently acquired. CIBC Mellon already services all of CI Financial’s ETFs. CI Financial is one of Canada’s largest investment companies and, with its acquisition of WisdomTree’s Canadian operations, the…

Northern Trust has been selected by Dubai-based asset manager Sancta Capital Advisors to provide brokerage and global custody services. Sancta Capital is part of Sancta Capital Group, an alternative investment manager founded in 2013. Sancta Capital will use Northern Trust’s agency-only brokerage service, in addition to global custody for local and global mandates.