HSBC has appointed Michael Madsen as global head of product for private assets for its securities services business. In this new role, Madsen will focus on development of the private assets product strategy and operating model. He will be based in Luxembourg, reporting to Tony McDonnell, global head of alternative investments, securities services, and Niccolo…
Month: May 2021
J.P. Morgan to deliver U.S. securitised products data to Confluence’s Delta platform
Confluence, a technology solutions provider to the worldwide money management industry, and J.P. Morgan have launched a further development in their partnership to deliver a multi-asset portfolio analytics solution. At the start of Q3 2021, Delta, Confluence’s risk and performance solution, will have expanded coverage powered by J.P. Morgan’s proprietary analytics to include U.S. securitised…
Nottingham converts mutual fund to ETF
The Nottingham Company, a U.S.-based fund administrator and private label issuer to the mutual fund and ETF industry, has completed the registration process for its first conversion of an open-end mutual fund to an ETF. Nottingham-affiliated series trust Starboard Investment Trust completed the registration portion of the process recently, with an agreed conversion date of…
Apex to administer new music rights fund for Barometer
Apex Group has been appointed by Barometer Capital Management Inc., an independently owned Canadian investment firm that manages > CAD1bn, to provide administration services to the Barometer Global Music Royalty Fund LP. Barometer Capital has partnered with the Kilometre Music Group Inc., a music rights management company, to launch the fund, a limited partnership with…
Crestbridge supports launch of energy RAIF for ETIC
Crestbridge, the C.I.-based administrator, has supported the launch of the Energy Transition Europe Fund by Energy Transition International Capital. The fund is a Luxembourg-domiciled RAIF. Crestbridge’s Luxembourg team provided and continues to provide a range of administrative services to the new fund, including accounting, reporting and compliance.
Apex submits superior bid for Mainstream
Mainstream Group, the ASX-listed administrator which has been the subject of takeover offers from both Vistra and SS&C, has received an unsolicited offer from Apex Group, and has advised SS&C that it has until May 6 to match the Apex bid or offer more favourable terms.
Northern Trust launches Omnium Event Manager
Northern Trust has launched Omnium Event Manager, a web-based workflow tool designed to provide asset managers and asset owners with a consolidated view of corporate action and dividend events affecting fund portfolios, enabling them to coordinate with brokers and custodians to respond effectively to the voluntary events. The Event Manager platform leverages global Omnium services…
Aztec hires Ore Adegbotolu to head UK sales team
Aztec, the C.I.-based administrator, has hired Ore Adegbotolu as business development director, based in its London office. He assumes responsibility for the business development team in the UK, as well as leading the wider business development strategy for corporate services, private debt and real assets. He joins Aztec after more than a decade’s experience with…
BNP Paribas opens sub-custody business in Chile
BNP Paribas has established a sub-custody business in Chile, adding to existing Latin American operations in Brazil, Colombia and Peru. As part of the deal, BNP Paribas has become a direct participant in Chile’s central securities depository, Depósito Central de Valores. BNP Paribas’ proprietary network has now expanded to 27 markets.
Ultimus hires Frank Anduiza to head private fund sales
Ultimus Fund Solutions, an independent provider of fund administration, accounting, and investor solutions, has hired Frank Anduiza as head of private fund sales for Ultimus LeverPoint, the firm’s private fund administration services business. Anduiza joins from BNY Mellon, where he was head of U.S. business development for the alternative investment management sector.