Northern Trust has expanded its relationship with Driehaus Capital Management, a U.S.-based asset manager. Northern Trust will provide fund accounting, fund administration, regulatory administration, transfer agency and global custody services to the Driehaus Mutual Funds. Northern Trust was appointed in 2009 to provide global custody and related services to Driehaus entities, including the Driehaus Mutual…
Month: October 2020
Juniper Square launches commercial RE fund admin service
Juniper Square, a U.S.-based real estate technology solutions provider, has launched a technology-driven fund administration service designed for the commercial real estate industry. The offering provides services spanning accounting, reporting, treasury and subscriptions.
Northern Trust hires Caroline Hwang to lead client services in Hong Kong
Northern Trust has appointed Caroline Hwang to lead client services for its asset servicing business in Hong Kong, Macau and Taiwan. Hwang is responsible for managing Northern Trust’s client service team for institutional asset owners as well as developing and implementing strategy across these markets. Based in Hong Kong, Hwang reports to Michael Wu, country…
AGI selects SS&C’s Sylvan for FI performance and attribution
Allianz GIobal Investors has selected SS&C’s Sylvan as its consolidated global performance measurement and attribution platform for its fixed income businesses. AGI’s fixed income team manages EUR193bn (USD226bn) in assets.
UK’s Britannia Global Markets appoints Broadridge for post-trade support
Britannia Global Markets, a full-service UK-based brokerage house and subsidiary of Britannia Financial Group, has mandated Broadridge Financial Solutions, Inc., a U.S.-based fintech, to streamline its post-trade processing for its international securities business, including cash equities, fixed income and repurchase agreements.
Arcesium expands in India with new office in Bengaluru
Arcesium LLC, a financial technology and professional services firm, has expanded its India-based operations with a new office in Bengaluru. The office is expected to start operations in the second quarter of 2021 with 200 employees, with the potential to grow to 500 employees over the upcoming year. Arcesium expects to complete 2021 with a…
Clark Capital strikes middle office deal with Archer
Clark Capital Management Group, an independent asset manager based in the U.S. with USD20bn AuM, has struck a deal with Archer, a services provider to the asset management industry. Archer is providing a full suite of operations support and will share middle office technologies with Clark Capital.
Nottingham gains SEC approval to offer NYSE’s AMS ETF structure
The Nottingham Company, Inc., a U.S.-based fund services administrator and private label issuer to the mutual fund and ETF industry, has expanded its active non-transparent ETF offering with the SEC’s approval of the firm’s short-form exemptive relief application for the New York Stock Exchange’s Actively Managed Solution ETF structure. This is the second such announcement…
Eruption – October 2020
ERUPTION (Eddie Van Halen RIP) Custodians respond to the new normal – and it’s working. 13 October 2020: Welcome to our world, you could hear the Europeans and Japanese muttering under their breath as the U.S. banks began to confront the reality of a long-term low/no interest rate environment. But, for the trust banks at…
The ID Register hires Stuart Layzell as chairman
The ID Register, a C.I.-based provider of investor onboarding services, has appointed Stuart Layzell as chairman. He was most recently CEO at Ocorian, a fund, corporate and private client services firm.