State Street has appointed Elliot Graham as a managing director in the bank’s portfolio solutions team, heading the transition management business in Asia Pacific. Based in Sydney, Graham will report to James Woodward, head of portfolio solutions for State Street Global Markets in Asia Pacific. He was most recently with Macquarie Securities and previously with…
Year: 2021
Preqin acquires Colmore
Preqin, the UK-based provider of alternative assets data, analytics and insights, has acquired Colmore, a private markets technology, services, and administration business. Colmore’s solutions include LP portfolio monitoring, analytics, fee tracking and validation, and fund administration services for its allocator clients. Colmore monitors more than 3,000 private market funds and more than 40,000 holdings.
Putnam appoints State Street for new actively managed ETFs
Putnam Investments, which recently listed four actively managed, semi-transparent ETFs on NYSE, has appointed State Street as its service provider. Putnam leverages a proxy-based actively managed ETF model for the funds. State Street currently provides back-office work, specifically accounting and custody services, to the Boston-based investment management firm, which has USD200bn AuM.
Apex to acquire ARM in Switzerland
Apex Group plans to acquire ARM Swiss Representatives SA (ASR), an independent FINMA-regulated firm providing Swiss representation and distribution services to foreign fund managers. Founded in 2014, ASR provides compliance and regulatory services to over 630 funds and 350 fund managers internationally. ASR also acts as the distributor in Switzerland for approximately 12 fund managers.
CBI approves Crestbridge for fund admin
Crestbridge, the C.I.-based provider of private equity and real estate administration, has received regulatory approval from the Central Bank of Ireland to provide fund administration services in Ireland. Crestbridge opened an office in Dublin earlier this year, and the CBI approval is in anticipation of client demand for ILP fund servicing.
UBS joins Broadridge’s repo platform
UBS has joined the distributed ledger repo (DLR) platform launched by Broadridge Financial Solutions earlier this year. DLR provides a single platform where market participants can agree, execute and settle repo transactions. Under DLR, collateral can be detached from the trade agreement, while the cash remains off-chain. DLR allows for the immobilisation of the underlying…
Centaur appoints new global head of business development
Centaur Fund Services, the Ireland-based alternatives fund administrator, has appointed Michael Marisca as global head of business development. Based in Centaur’s U.S. headquarters in New York, Marisca will report to Des Johnson, CEO of Centaur U.S. He joins from RS Metrics.
Hannah Grove appointed NED at abrdn
The board of abrdn plc, formerly Standard Life Aberdeen, which has GBP535bn (USD743bn) AuM, has appointed Hannah Grove as a Non-Executive Director from 1 September 2021. Melanie Gee will stand down from the board at the conclusion of her second three-year term of appointment on 31 October 2021. Grove will succeed Gee as the board…
HomeCo appoints Equity Trustees as custodian for AUD650m REIT
Home Consortium has announced plans to list its new healthcare focused REIT, HealthCo Healthcare and Wellness REIT, on the ASX after raising AUD650m (USD477m). Equity Trustees has been appointed as custodian for the listed fund and currently acts as custodian for the HomeCo Daily Needs REIT.
Andy Clayton retires from Northern Trust
Andy Clayton has retired from Northern Trust after a 35-year career with the firm. Clayton held a number of senior positions with the securities finance and capital markets business lines, most recently as head of Northern Trust’s capital markets division in EMEA. He has also run the global securities lending business. His retirement is the…