ReAssure Limited, the UK life and pensions company, has appointed HSBC as custodian and fund administrator for GBP28bn (USD36bn) of assets after ReAssure’s GBP650m acquisition of 1.1 million closed life insurance policies from Legal & General. Separately, ReAssure has also appointed HSBC as fund administrator of its shareholder book, amounting to GBP15bn (USD19bn) of assets.…
Year: 2020
ebase appoints SGSS and MFEX for fund services in Germany
European Bank for Financial Services (ebase), the German digital investment platform which was acquired by FNZ Group in 2019, has selected Société Générale Securities Services in Germany and MFEX Mutual Fund Exchange AB for its brokerage, custody and trailer fee management services. Under the mandate, MFEX and SGSS will provide services for several thousand funds…
JLL selects SS&C’s Precision LM to support USD115bn loan portfolio
SS&C’s Precision LM has been selected to support Jones Lang LaSalle’s (JLL) combined USD115bn loan servicing portfolio, following the real estate company’s acquisition last year of Holliday Fenoglio Fowler, LP. JLL is a primary servicer and provider of commercial loan services to more than 50 institutional investors. JLL adopted SS&C’s Precision LM as its agency/multifamily…
HSBC appointed trustee for BlackRock’s HK master-feeder ETF
HSBC has been appointed trustee for BlackRock’s iShares MSCI Emerging Markets ETF (HK), the first Hong Kong-domiciled master-feeder ETF structure. BlackRock has launched its new feeder ETF after listing on the Hong Kong Exchange. This came after the Securities and Futures Commission (SFC) announced the relaxation of rules for the master-feeder structure, allowing feeder structures…
Citi supports launch of two L&I ETPs for CSOP AM in Hong Kong
Citi has supported the launch of two new leveraged and inverse (L&I) exchange-traded products by CSOP Asset Management, and will be providing CSOP with custody, fund administration and trustee services. Launched in Hong Kong, the new L&I products track China A-shares and allow investors to invest into the mainland China CSI 300 Index. Citi reports…
Kimura Capital moves to Centaur
Kimura Capital, the UK-based provider of commodities trade finance funding, has moved its business to Centaur. No other details were provided.
Ocorian hires Robert Hovenier as head of Mauritius
Ocorian, the C.I.-based administrator, has appointed Robert Hovenier as managing director of its Mauritius office. He takes over from Richard Arlove, who has announced his decision to retire. Hovenier joins from Mauritius International Trust Company, where he was CEO.
Bitcoin Suisse hires Markus Perdrizat to head custody business
Bitcoin Suisse has appointed Markus Perdrizat as head of custody at Bitcoin Suisse AG and CEO of Swiss Crypto Vault AG. He was formerly responsible for the blockchain risk assurance practice at PwC Switzerland. His predecessor, Philipp Vonmoos, will remain on the board of directors of Swiss Crypto Vault AG as he moves into a…
Intertrust hires J.P. Morgan’s Whaley to head Lux fund client service
Intertrust Group had added three managers to its Luxembourg client service team. Allison Whaley comes in as head of fund client service in Luxembourg, responsible for the overall client experience. Prior to joining Intertrust, Whaley was with J.P. Morgan for six years in London where she was global head of funds custody. She has also worked at Citco Fund…
Citi deploys bots to offer RT processing for matching & settlement in HK
Citi has launched a proprietary bot technology solution in Hong Kong to offer its securities services clients real-time processing for matching and settlement, giving them the ability to view their trade status consistently throughout the day and to activate stock borrowing in a timely fashion if needed. Citi’s solution uses bot technology to pull data…