The National Pension Service of Korea, the world’s third largest pension fund, has renewed its service agreement with State Street, which will continue to provide back-office and middle-office services for the NPS’ global equity and alternatives portfolios which have KRW222trn (USD195bn) and KRW49trn (USD43bn) AuM respectively. State Street has been providing custody, fund accounting, performance…
Year: 2021
Covario to deploy METACO Harmonize
Covario, an independent prime broker for digital asset managers based in Switzerland, has selected METACO Harmonize as its digital asset orchestration engine. Harmonize acts as the overarching policy layer to ensure oversight and management of Covario’s operations, coupled with a single point of integration for its various internal systems. Covario offers trade execution services including…
InvestX appoints Great Lakes for investor services
Great Lakes Fund Solutions, a U.S.-based administrator for alternative investment fund sponsors, has been appointed to provide investor services for InvestX, a North American marketplace delivering access and liquidity to the private equity asset class through investments in pre-IPO companies on its trading platform, lnvestX GEM.
Aztec supports Nordic Capital’s new EUR1.2bn fund
Aztec, the C.I.-based administrator, has supported Nordic Capital, a private equity firm and longstanding client, on the first and final close of its Evolution Fund at >EUR1.2bn (USD1.4bn). Aztec has been appointed to provide ongoing administration, financial reporting, depositary and investor services to the fund.
Genstar acquires majority stake in Foreside
Genstar Capital, a private equity firm, has signed a definitive agreement to acquire a majority stake in Foreside Financial Group, LLC from Lovell Minnick Partners. Foreside provides distribution, governance, risk management and compliance solutions to clients in the global asset and wealth management industries. Genstar is the majority owner of Apex Group.
BNY Mellon to acquire Milestone
BNY Mellon has entered into a definitive agreement to acquire Milestone Group, a U.S.-based provider of fund management technology, including the widely adopted pControl platform. The deal comes just over a year after the two companies formed an alliance to create a suite of oversight and contingent NAV services for asset managers and owners seeking…
BP2S appoints Paul Daly to head distribution products & solutions
BNP Paribas Securities Services has appointed Paul Daly as head of distribution products and solutions. Daly will be responsible for developing and promoting fund distribution products for institutional fund buyers and fund promoters. He will also drive the development of BP2S’s transfer agency solutions. He was previously head of territory for Ireland at BP2S. Based…
Mike Janiszewski joins BNY Mellon as COO of asset servicing & digital
As part of a senior management overhaul of its asset servicing and digital businesses, BNY Mellon has appointed Michael Janiszewski as chief operating officer, overseeing asset servicing strategy, digital and business operations. He will be based in New York and report directly to Roman Regelman, global head of asset serving and digital. He was most…
Apex to add loan admin & ESG services to i80 mandate
Apex has been appointed by i80 Group, a U.S.-based investment firm that provides companies with bespoke financing solutions, to deliver loan administration and ESG ratings & advisory services, in addition to its existing fund administration mandate.
Nottingham hires three senior managers from M3Sixty
Nottingham, a U.S.-based administrator, has hired a team of three senior managers from M3Sixty. Brandon Byrd joins Nottingham as lead executive officer for both transfer agency and fund distribution services. Ted Akins will join Byrd in the transfer agent and distributor operations as director of operations for Nottingham Shareholder Services, LLC. Loretta Akins will fill…