IQ-EQ, the Luxembourg-based administrator, has made two senior appointments in its Amsterdam office. Stefan de Kort joins as director, fund services, while Laurens de Lange, who joined the group in 2018, has been promoted to compliance leader for the Netherlands. de Kort, who was previously self-employed as a business solutions consultant, has worked at State…
Month: August 2020
State Street to service four new actively managed ETFs for T. Rowe Price
State Street has scored another major coup in the ETF sector, having been appointed as service provider for four recently launched T. Rowe Price active ETFs. For the past three years, State Street has supported T. Rowe Price in the development of service models and launch planning, culminating in the funds’ public availability. As part…
DZ Privatbank in Luxembourg appoints Deutsche Bank for Spanish sub-custody
The Luxembourg office of DZ Privatbank has appointed Deutsche Bank as its sub-custodian in Spain. The company consolidated the fixed income and equity assets it manages in Luxembourg and migrated these assets to Deutsche Bank at the end of July.
Citi wins custody mandate for CAVALI’s dual-listed securities in Peru
CAVALI S.A. ICLV S.A., the CSD for the Lima Stock Exchange, has selected Citi to provide custody and tax services for USD6bn of dual-listed securities. The dual listing platform of the Lima Stock Exchange and CAVALI provides investors with access to international securities. The mandate represents the majority of international assets listed locally.
BNP Paribas planning to expand services in New Zealand via NZX
BNP Paribas Securities Services, which is the first and only global custodian to become a Depository Participant on the NZX clearing and settlement system in New Zealand, is planning to become a general clearing participant within the first half of 2021.
Apex to provide MO services for Tabula’s ETF range
Apex Group, the Bermuda-based fund services provider, has been appointed to provide middle office solutions to Tabula Investment Management Limited. Tabula, a UK-based passive fixed income manager, launched a European ETF platform in 2018, and recently announced the addition of three sub-funds, with HSBC acting as administrator for all six funds on the platform.
BOCOM Trustee selects SS&C’s Geneva in Hong Kong
Bank of Communications Trustee Limited, a Hong Kong-based trustee subsidiary of China’s Bank of Communications, has selected SS&C’s Geneva, Geneva World Investor, Recon and SS&C’s professional services to assist with workflows. BOCOM Trustee has provided fund administration services in Hong Kong for almost 20 years. Stephen Yeung, chief executive of BOCOM Trustee, said: “The SS&C…
Apex to provide accounting/reporting services for DIFC-based ENBD REIT
Apex Group, the Bermuda-based fund services provider, has been appointed by ENBD REIT (CEIC) PLC to provide property-level accounting and reporting services for all 11 properties in the REIT’s portfolio using Yardi property management technology. ENBD REIT is a closed-ended DIFC investment company, managed by Emirates NBD Asset Management Limited, and invests in a diversified…
NES to provide OZ admin services for USVI Hemp Fund
NES Financial, the Silicon Valley-based administrator that was recently acquired by JTC, has been mandated to provide its purpose-built Opportunity Zone fund administration solution to USVI OZ Hemp Fund.
BP2S appoints Colm O’Brien as UK head of sales for AO, AM & AI
BNP Paribas Securities Services has appointed Colm O’Brien as UK head of sales – asset owners, asset managers and alternative investors. Based in London, he joined BNP Paribas in 2018 as a senior sales director.