KB Asset Management Singapore, the asset management arm of Korea’s KB Financial Group, has selected SS&C’s front-to-back-office solution for its operations. The solution leverages SS&C’s fund administration and middle-office services and Eze Investment Suite for order and portfolio management, compliance, and client reporting. The platform covers operations across KB Asset Management Singapore’s portfolio, including equities,…
Month: November 2021
Alter Domus strikes deal with Canoe
Alter Domus, the Luxembourg-based administrator that has USD1.3trn AuA, has struck a deal with Canoe Intelligence to offer data management solutions for alternatives managers that combine automated technology and data accuracy. Canoe specialises in redefining data management processes for alternative investments by deploying advanced data capture technology to automate manual workflows.
IQ-EQ appoints new CIO
IQ-EQ, the Luxembourg-based administrator, has appointed Rashmi Rao as group chief information officer. She previously ran her own consulting business.
Indea appoints BP2S for VCC servicing
Indea Capital Partners has appointed BNP Paribas Securities Services to provide services to its sub-fund set-up under Singapore’s Variable Capital Company (VCC) structure. Indea is a Singapore-registered fund manager focused on advising clients on alternative investments. As part of the mandate, BP2S will provide Indea with global custody, hedge fund administration, investor services and financial…
Confluence to acquire Compliance Solutions Strategies
Confluence, a technology solutions provider for the investment management industry, has agreed to acquire Compliance Solutions Strategies (CSS), a RegTech company. Founded in 2017 and headquartered in New York, CSS offers a global RegTech platform underpinned by its proprietary Regulatory Book of Record data management solution. Servicing more than 600 clients globally, including nine of…
SimCorp launches Investment Accounting as a Service
SimCorp, a U.S.-based provider of SaaS investment management solutions, has launched Investment Accounting as a Service in response to increased demand from buy-side clients to outsource back-office functions. SimCorp’s multi-asset class Investment Accounting as a Service will deliver multi-jurisdictional and regulatory compliant accounting, analytics and reporting, with an advisory overlay. The service is based on…
Revelstoke appoints Apex for PE fund services
Apex has been appointed to provide fund administration services to Revelstoke Capital, a private equity firm specialising in the healthcare and health and wellness sectors. Based in Denver, Colorado, Revelstoke reports USD3.8bn AuM.
American Equity migrates USD5.4bn loan portfolio to SS&C
American Equity Investment Life Holding Company plans to migrate its USD5.4bn commercial, agricultural and residential mortgage loan portfolio to Precision LM, SS&C’s loan management platform, which will automate loan servicing, operations and regulatory reporting for the Des Moines, Iowa, insurer. Precision LM will support multiple loan types for American Equity, including 800 commercial mortgages and…
Sanne appoints new head of Hong Kong
Sanne, the UK-listed alternatives provider, has appointed James Russell as head of Hong Kong. Before joining Sanne, he spent 17 years with IQ-EQ, and has been based in Asia since 2014.
BetaShares hires Citi for custody & fund admin
Citi has been appointed by BetaShares, an Australian fund manager, as provider of custody and fund administration services. BetaShares is said to manage the broadest range of ETFs in the Australian market, with AUSD21bn (USD15.5bn) AuM. In Australia, Citi has added 24 new clients in the past 18 months, primarily as a result of a…