Retail Employees Superannuation Trust (Rest), one of Australia’s largest industry superannuation funds with approximately 1.8 million members, has selected Charles River IMS to consolidate its front and middle office operations for managing asset allocation, global equities, fixed income, FX and futures. Rest will implement Charles River IMS to support its internally managed investments as well…
Month: February 2021
EFA selects Refinitiv as primary data source for sec ops
EFA, the Luxembourg-based independent administrator, has appointed Refinitiv as its primary data source for securities operations, expanding a longstanding relationship. Refinitiv will become EFA’s primary data source for pricing, reference data and corporate actions. Refinitiv, which was recently acquired by the London Stock Exchange Group, serves more than 40,000 institutions in 190 countries.
Rosemary McCollin joins Vistra from J.P. Morgan
Rosemary McCollin has joined Vistra as sales director for UK private equity. She previously spent 16 years at JPMorgan Chase.
ConBrio appoints Cooper Wood to manage UK search & selection
Following the withdrawal of SGSS from the UK-domiciled fund servicing business, ConBrio Fund Partners Ltd, the UK-based ACD, has appointed Cooper Wood & Associates to manage the search and selection process for a new UK custodian, depositary, and administrator.
Gabelli appoints BNY Mellon to support actively managed ETF
BNY Mellon has been selected by Gabelli Funds to support the launch of its new actively managed ETF, Gabelli Love Our Planet and People (LOPP). BNY Mellon will provide integrated custody, accounting, administration and ETF services, including its proprietary ETF Center, which offers technology designed to support actively managed ETFs.
4Pines hires Paul Filanowski as director of business development
4Pines Fund Services, the start-up private capital administrator, has appointed Paul Filanowski as director of business development. Filanowski joins 4Pines from Allvue Systems where he was a strategic account manager.
Northern Trust opens in Norway
Northern Trust has opened a branch in Oslo, Norway. The branch will offer onshore depositary services to Norwegian asset managers and asset owners. The opening follows its reappointment by the NOK 790bn (USD92bn) Kommunal Landspensjonskasse (KLP), Norway’s largest life insurance firm. Under the terms of the renewed mandate with KLP, Northern Trust will provide a…
Citi to service first OFC ETF for CSOP in Hong Kong
Citi has been selected by CSOP Asset Management, the Hong Kong-based asset manager, to provide custody, fund administration and trustee services for the launch of its first ETF (CSOP STAR 50 Index ETF) in the form of an open-ended fund company. Chen Ding, CEO of CSOP Asset Management, said: “We are extremely excited to be…
CIBC Mellon and State Street are winners as BlackRock fires Scotiabank
BlackRock Canada, an indirect, wholly-owned subsidiary of BlackRock, Inc., has announced changes to the custodian line-up for its iShares Gold Bullion ETF and iShares Silver Bullion ETF. CIBC Mellon Trust Company will act as bullion custodian for the iShares Funds, and State Street Trust Company Canada as custodian of the non-bullion assets of the iShares…
OCC grants conditional approval to Protego for digital assets
The Office of the Comptroller of the Currency has granted conditional approval of the conversion of Protego Trust Company, a Washington state-chartered trust company, to become Protego Trust Bank, National Association. Protego is the second crypto-native firm to get national licensing from the OCC, following Anchorage’s approval last month. Protego is a bank designed and…