Alter Domus, the Luxembourg-based provider of services for the alternative investment industry, has launched AIFM and depositary services in Ireland. The launch follows approval by the Central Bank of Ireland for the acquisition of Beechbrook Capital’s Irish AIFM, and authorisation for Alter Domus’ depositary services.
Month: June 2021
Citi supports Dimensional’s USD29bn mutual fund conversion to ETFs
Citi has successfully supported the industry’s largest mutual fund to ETF conversion for Dimensional Fund Advisors. The conversion includes four US tax-managed mutual funds into active transparent ETFs with USD29bn in assets. The ETFs are listed on NYSE. Gerard O’Reilly, co-CEO and CIO of Dimensional Fund Advisors, said: “Citi has been a long-standing service provider…
Euroclear appoints Citi veteran as new chairman
Euroclear has appointed Francesco Vanni d’Archirafi as chairman of the Euroclear group boards, subject to shareholder approval. He joins Euroclear from Citi, where he was vice chairman of banking, capital markets and advisory for EMEA. In his 38-year Citi career, Vanni has been CEO of Citi Transaction Services, and Citi Holdings, where he managed the…
Northern Trust extends Swiss presence with Depotbank licence
Northern Trust has received regulatory approval to offer local custodian, depositary, transfer agency and ancillary services to institutional investors and managers in Switzerland. Northern Trust has more than 30 years of experience in providing an extensive range of asset servicing and investment solutions to Swiss clients, and in 2017 established its presence in Basel, following…
RiverNorth deploys SS&C’s front-to-back solution
RiverNorth Capital Management, LLC, a U.S.-based opportunistic strategy investment manager, has chosen SS&C‘s front-to-back solution to manage its USD5.3bn portfolio. SS&C will provide front-to-back services for RiverNorth’s registered funds, private funds and institutional SMAs. RiverNorth uses SS&C as its fund administrator for its ’40 Act and private fund portfolios.
Broadridge launches DLT repo platform
Broadridge Financial Solutions, a fintech provider, has gone live with its its distributed ledger repo (DLR) platform. The launch comes after multiple pilots with sell-side and buy-side firms. DLR provides a single platform where market participants can agree, execute and settle repo transactions. DLR allows for the immobilisation of the underlying securities in the repo…
Carne hires Patrick O’Brien as head of Ireland bus dev
Patrick O’Brien has joined Carne Group, the world’s largest third-party ManCo, as head of business development for Ireland. O’Brien spent two years at Intertrust, most recently as global head of client development, and has also worked at Citi and J.P. Morgan. Earlier this year, Carne secured a EUR100m investment from Vitruvian Partners.
Crestbridge hires James Watts for senior client operations role
Crestbridge, the C.I.-based administrator, has appointed James Watts as head of client operations within its institutional segment. He is responsible for the development and enhancement of cross function systems, controls and procedures that support the strategic management and growth of client relationships. Prior to joining Crestbridge, Watts was group fund operations leader for IQ-EQ.
Prudential consolidates in Hong Kong with Citi
In what is thought to be the largest fund administration mandate in Asia Pacific, the Hong Kong unit of the UK’s Prudential has consolidated >USD70bn across more than 40 portfolios with Citi. Citi will provide Prudential Hong Kong Limited with fund accounting, transfer agency and reporting services. This mandate represents the consolidation by Prudential of…
State Street creates new digital finance division
State Street has launched a new division focused on digital finance. The new division, State Street Digital, will be led by Nadine Chakar, EVP and head of global markets. Chakar will report to Lou Maiuri, COO. Chakar will be replaced as head of global markets by Tony Bisegna, currently global head of portfolio solutions, FX…