The Maples Group, a Cayman-based fund and corporate services provider, has enhanced its fund services offering for private debt and credit funds through integrated IHS Markit loan market data feeds that support the automated capture of key data to eliminate manual processing, streamline operations and maximise efficiency and control.
Year: 2020
Intertrust hires Blanca McGarry as head of TA for Ireland
Blanca McGarry has joined Intertrust as head of transfer agency for the fund services business in Ireland. She was previously at Centaur as investor services manager.
HSBC launches ESG reporting service
HSBC has launched an ESG reporting service that provides asset owners and managers with independent measurement of how focused their listed asset investments are around ESG issues. The reporting service will consist of a monthly reporting dashboard, including portfolio-level analysis using ESG ratings and carbon emissions data. The service will use ESG scores and ratings…
BNY Mellon appoints Emily Portney as CFO
BNY Mellon has appointed Emily Portney as chief financial officer, effective immediately, succeeding Mike Santomassimo, who has informed the company of his decision to leave. Portney will report to Todd Gibbons, CEO, and will join the executive committee. Portney joined BNY Mellon in 2018 to run asset servicing for the Americas, and subsequently added responsibility…
BNY Mellon, HSBC appointed as custodians for Chimera’s Shariah ETF
Chimera Capital LLC, an Abu-Dhabi-based asset management firm and subsidiary of Chimera Investments LLC, has launched the Chimera S&P UAE Shariah ETF, a physical, in-kind, liquid and fully fungible ETF. Under the UAE’s Securities and Commodities Authority’s (SCA) fund regime, Chimera Umbrella Fund – the first SCA umbrella fund to be launched in the UAE…
MUFG selects Broadridge’s Sentry for private debt admin
MUFG Investor Services has selected Broadridge’s Sentry loan tracking and reporting software to service its clients in the private debt space. The web-based system, which Broadridge added to its solution set with its 2019 acquisition of ClearStructure, enables users to monitor compliance issues and reconcile and aggregate data to streamline or automate processes.
Sudrania adds >50 clients in H1
Sudrania Fund Services, the Chicago-based administrator, added 52 new clients added to its platform in H1 2020. The company reported that 60pct of these were conversions from competitor administrators, covering mandates for hedge, private equity, CTA, and crypto funds.
HSBC authorised to process mutual fund orders in Taiwan
HSBC has received approval from the Taiwan Banking Bureau to on-board mutual fund order placement services for asset managers locally. This is as an extension of HSBC’s regional fund administration offering, enabled through a local support model in Taiwan.
Michael Neborak joins Ultimus as CFO
Ultimus Fund Solutions, a U.S.-based administrator with USD150bn AuA, has appointed Michael Neborak as chief financial officer. Neborak most recently served as controller and chief accounting officer at First Data Corporation.
Michael O’Loughlin joins State Street from BNY Mellon
Michael O’Loughlin has joined State Street’s insurance and asset management sales team in the U.S. He previously spent 14 years at BNY Mellon.