State Street has been appointed as the administrator of a planned Bitcoin-backed exchange traded note (ETN) issued by Iconic Funds BTC ETN GmbH, a subsidiary of Iconic Funds GmbH. The ETN will be listed on the Frankfurt Stock Exchange, following approval by BaFin, the German securities regulator. State Street will provide administration services to support…
Year: 2021
Italy’s Ambienta appoints SGSS as depositary bank for PE funds
Société Générale Securities Services in Italy has been mandated as depositary bank by Ambienta SGR, an ESG-focused manager headquartered in Milan, for its private equity funds.
Nomura expands use of Charles River IMS
Nomura Asset Management, a Japanese asset manager with approximately USD607bn AuM, is expanding its use of Charles River IMS. Nomura will implement Charles River’s strategic cloud solution on Microsoft Azure and adopt Charles River’s post-trade capabilities to further consolidate and simplify its investment operations. Nobuyuki Taguchi, senior managing director, Nomura, said: “Managing our post-trade operations…
State Street and S&P Global Trucost to offer enhanced ESG reporting
State Street has formed a strategic engagement with S&P Global Trucost that brings together State Street’s recently launched ESG Risk Analytics and Reporting capabilities and Trucost’s climate data and analytics. The agreement will allow State Street to overlay Trucost’s data intelligence on the risks and opportunities of climate change to build on State Street’s existing…
Hex Trust strikes deal with PARSIQ
Hex Trust, a Hong Kong-based digital asset custodian, has entered into a strategic partnership with PARSIQ, a blockchain monitoring and event tracking service provider. The deal enables PARSIQ to use Hex Trust’s proprietary safekeeping solution, Hex Safe, for custody of PARSIQ’s treasury. In addition, clients will be able to store their PRQ assets in Hex…
Fundamental AM selects Opus Nebula’s client reporting solution
Fundamental Asset Management, a UK-based manager, has selected Opus Nebula’s Reporting as a Service solution for production of its quarterly client investment reports. FAM and its clients will benefit through improved report packs, greater efficiency and automated distribution. Opus Nebula was founded in 2014 to deliver reporting solutions to the investment management industry. Opus Nebula…
Mainstream board approves SS&C’s takeover terms
The board of directors of Mainstream Group Holdings Limited, the Australia-based administrator with >AUD224bn (USD175bn) AuA, has unanimously recommended an acquisition by SS&C of 100pct of the shares and outstanding equity rights in Mainstream for A$2.00 per security pursuant to a scheme of arrangement (in the absence of a superior offer and subject to an…
More than a Feeling – Boston’s inserv powerhouse wins client validation
19APR21: Oops – something went wrong! Surely it wasn’t meant to be like this. After three years of its competitors claiming that State Street’s acquisition of Charles River meant that it was no longer committed to open architecture, an inconvenient truth emerged: State Street can walk and chew gum at the same time. The evidence…
CIBC Mellon wins three new crypto ETF mandates
CIBC Mellon has continued its impressive run of mandate wins in the burgeoning crypto- currency ETF space in Canada. It has been appointed to provide fund administration and ETF settlement services for three new ETFs: the CI Galaxy Ethereum ETF, Evolve’s Ether ETF, and Purpose Investment’s Purpose Ether ETF.
Apex beefs up digital banking team
Apex Group, the Bermuda-based financial services provider, has appointed Alistair Stuart to the newly created position of head of digital banking. Stuart was formerly COO at Investec Bank Plc. Apex delivers its banking services, including the digital banking platform, through its subsidiary, European Depositary Bank. In his new role, Stuart will lead enhancements to the…