Citi has been appointed by Samsung Asset Management (Hong Kong) Limited to provide custody, fund administration and trustee services for the first pure real estate investment trusts (REITs) ETF to be set up and listed in Hong Kong. Samsung launched its S&P High Dividend APAC ex NZ REITs ETF on the Hong Kong Stock Exchange…
Year: 2020
MJ Hudson to acquire Bridge Group in Ireland
MJ Hudson, the UK-based asset management consultancy, has acquired Bridge Group, a funds service provider based in Ireland, subject to Irish regulatory approval. The acquisition will build on MJ Hudson’s specialist funds operations in UK, Luxembourg and Guernsey. Bridge Group is a Dublin-based provider of specialist support services to the funds sector. IT offers regulatory…
Ocorian hires Jason Gerlis as Americas regional head
Ocorian, the C.I.-based administrator, has hired Jason Gerlis as regional head of Americas, based in the U.S. He joins from TMF, where he was global head of consultancy solutions.
Gen II hires Bob Caporale as head of strategic business development
Gen II Fund Services, a U.S.-based independent private equity fund administrator, has hired Bob Caporale as head of strategic business development, focusing on developing strategic client partnerships and acquisition opportunities. Most recently, Caporale was CEO of Exchangelodge, a software company that provides data solutions to the alternative investment industry. He also spent 12 years at…
Citi to service new family of ETFs for Emles Advisors
Citi has been appointed by Emles Advisors to provide securities services for its new family of four ETFs. Citi will provide fund administration, global custody, transfer agency and ETF services. Emles Advisors is a new asset management firm based in New York.
Aztec supports Nordic Capital’s EUR6.1bn Fund X
Aztec Group, the C.I.-based administrator, has supported Nordic Capital with the fundraising activities and final close of Nordic Capital Fund X. Raising EUR6.1bn (USD7.2bn) at final close, Fund X is the largest fund that Nordic Capital has raised. The fund, launched in April 2020, was oversubscribed at its hard cap, and was raised in less…
Ultimus launches digital portal for distribution
Ultimus Fund Solutions has launched uTRANSACT, a digital portal that provides real-time information and account access for both shareholders and advisers. Developed as part of Ultimus’ uSUITE technology applications, uTRANSACT is offered as part of the firm’s shareholder services and transfer agent offerings. It allows multiple levels of user access, including shareholder, broker firm, broker…
Apex to acquire FundRock
Apex Group Ltd., the Bermuda-based financial services provider, has announced plans to acquire FundRock Management Company SA and FundRock Partners Ltd. Upon completion of the transaction, Apex would reach close to USD1trn in combined assets across administration, custody, depositary and management. FundRock is the largest third-party manager of UCITS funds in Luxembourg. Terms of the…
HSBC to service Haitong’s ESG ETF in Hong Kong
HSBC has been appointed as the securities services provider by Haitong International Asset Management (HK) Limited for Haitong MSCI China A ESG ETF, the first broad-based ESG ETF listed on the Hong Kong Stock Exchange. Haitong is based in Hong Kong.
Northern Trust expands relationship with Driehaus
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…