Sanne, the UK-listed provider of alternative asset and corporate business services, has promoted Rubina Toorawa from COO, Mauritius to the role of country head, Mauritius. She will be taking over from Peter Nagle as he transitions to a newly created role as managing director, global head of client growth, remaining in Mauritius.
Year: 2020
TALKING IN YOUR SLEEP: ISSA claims to offer thought leadership, but its latest report is flawed and misinformed.
ISSA – the Zurich-based International Securities Services Association – is a sponsored talking shop. With a grab bag membership of global and local custodians, CSDs, exchanges and tech companies, it has always struggled to define its raison d’être. Its achievements are modest, and much of the valuable work it might have taken on has instead…
BP2S adds CLSA to broker panel for China-Hong Kong Stock Connect
BNP Paribas Securities Services has confirmed CLSA, the Kong Kong-based subsidiary of CITIC Securities, as the latest partner broker for its multi approved partner broker (MAP) model for the China-Hong Kong Stock Connect scheme. The MAP model allows investors to choose from a variety of brokers whilst benefiting from guaranteed real DvP settlement through internalised…
Citi to administer SLAM’s first Hong Kong-registered index fund
Citi has been appointed by Sun Life Asset Management (HK) Limited as trustee, custodian, fund administrator and transfer agent for the Sun Life AM Hong Kong ESG Index Fund, Sun Life’s first fund to be registered in Hong Kong. The fund will track the Hang Seng ESG 50 Index.
Crestbridge appoints Dean Hodcroft as CEO
Crestbridge, the C.I.-based provider of fund and corporate services, has appointed Dean Hodcroft as its incoming CEO. Hodcroft will succeed Graeme McArthur as the group’s CEO with effect from 1 July 2021. Hodcroft joins from Cale Street Partners, a real estate investor, where he was CFO. He will be based in Jersey.
Deutsche Borse to acquire 80pct of ISS
Deutsche Börse AG, Institutional Shareholder Services Inc. and Genstar Capital LLC have reached an agreement for Deutsche Börse to acquire a majority share of approximately 80pct in ISS, valuing ISS at USD2,275m (EUR1,925m). Genstar Capital and current management will continue to hold a stake of approximately 20pct. The transaction is expected to close in the…
FNZ to acquire Silica from Ninety One
FNZ, a global wealth management platform with over EUR700bn in assets under administration, has agreed to acquire South African third-party administrator Silica from Ninety One. Silica was established by Ninety One (then Investec Asset Management) in 1999 and provides third-party administration and related technology solutions to asset managers and investment product providers (including Ninety One)…
U.S. Bank to adopt SEI Wealth Platform
U.S. Bank, the fifth largest bank in the U.S. and one of the world’s top 10 custodians, has adopted the SEI Wealth Platform (SWP) across its wealth management and investment services group. SWP is a fully integrated, single-infrastructure technology solution that supports a digital experience for wealth managers and their clients. U.S. Bank will migrate…
Apex partners with RepRisk for private markets ESG data
RepRisk, an ESG data science firm based in Switzerland, and Apex, a global financial services provider, have entered into a strategic partnership to expand access to material ESG risk data for private markets participants. Apex manages the independent collection of data for investors from their underlying portfolio investments to deliver real time ESG analysis. Apex’s…
Alter Domus opens Cayman office
Alter Domus, the Luxembourg-based provider of solutions to the alternative investment industry, has opened an office in the Cayman Islands. David Boyd has been appointed Cayman country executive, leading Alter Domus’ Cayman Islands fund administration, corporate and fiduciary services. He will report directly to Paul Woods, regional executive for North America. He joins from Forbes…