CSC, the U.S.-based provider of business, legal, tax, and digital brand services, has secured additional depositary licences from the Netherlands Authority Financial Markets (AFM). After being one of the first non-bank providers to receive a depositary license for real estate and infrastructure funds, CSC has now extended its licence to include UCITS funds. In addition,…
Year: 2021
Aztec partners with Worldfavor for ESG services
Aztec, the C.I.-based administrator, has formed an alliance with the global sustainability platform, Worldfavor, to launch new ESG and sustainability services for private market investment managers.
Equity Trustees hires senior manager from Perpetual
Equity Trustees, the Australian provider of responsible entity and trustee services, has appointed Johnny Francis as general manager, business development and custody, corporate trustee services. Francis spent seven years at Perpetual Limited, most recently as head of sales and relationship management for managed fund services. Equity Trustees’ CTS division currently has more than AUD100bn (USD71bn)…
JTC hires new client services director for Guernsey
Mariana Enevoldsen has joined JTC in Guernsey as a client services director. She was previously at Ocorian in Guernsey.
Mark Snowdon joins StanChart
Mark Snowdon has joined Standard Chartered as head of insurance relationship management for Asia. Based in Hong Kong, he is responsible for managing and developing the bank’s financing and securities servicing insurance client franchise across Asia, incorporating custody, fund services, agency securities lending and prime services activities. He joins from Northern Trust.
STP acquires Tower
STP Investment Services, a U.S.-based, end-to-end investment operations service provider with >USD340bn AuA, has acquired Tower Fund Services, a U.S.-based fund administrator providing an outsourced solution for alternative investment managers and family offices. Tower offers fund administration to private equity funds, cryptocurrency funds, hedge funds, venture capital, fund of funds, real estate, and direct lending…
Northern Trust deploys Broadridge’s SRD II solution
Broadridge Financial Solutions, the U.S.-based fintech, has delivered its full suite of Shareholder Rights Directive (SRD II) investor communication solutions to Northern Trust. These solutions are in use across Northern Trust’s global asset servicing business. Northern Trust is also using Broadridge’s SRD II-enhanced global proxy platform, which supports same-day meeting distributions, agenda translations, vote processing…
Omba mandates Northern Trust for new ICAV
Omba Investments ICAV has appointed Northern Trust to provide global custody, depositary and associated services for its new Ireland-domiciled UCITS umbrella fund. The planned USD100m fund will be launched with two new UCITS funds, the Omba Global Thematic Fund and Omba Global Equity Fund. Omba Advisory & Investments is a UK-based manager serving family offices,…
FINBOURNE wins another major IBOR mandate
Railpen, one of the UK’s largest pension funds with c. GBP35bn AuM, has selected FINBOURNE’s cloud-based investment data management platform, LUSID, as its IBOR solution. LUSID will support Railpen’s multi-asset portfolios with standardised data and an aggregated view of positions and exposure. The mandate follows the recent decision by UK-based Baillie Gifford, the GBP352bn asset…
Apex to service Azimut’s life insurance company
Apex has been appointed to provide fund administration and middle office services to Azimut Life dac, the Ireland-registered life insurance company of Azimut Group, an Italy-based independent asset management firm with >EUR80bn (USD91bn) AuM.