BNY Mellon has been named in the initial registration statement as a service provider for the First Trust SkyBridge Bitcoin ETF Trust, a newly created bitcoin ETF that is currently pending approval by the US Securities and Exchange Commission. After completion of definitive service provider agreements and the SEC’s final approval of the ETF, BNY…
Year: 2021
HSBC facilitates launch of two new China-Japan ETFs for Daiwa AM
HSBC has facilitated the listing of two new cross-border ETFs under the China-Japan ETF Connectivity scheme. This allows international investors to indirectly invest in Chinese assets through feeder ETFs listed on the Tokyo Stock Exchange. HSBC provided onshore QFII custody services to enable Daiwa Asset Management Co. Ltd to set up two new ETFs under…
Sanne acquires STRAIT
Sanne Group, the UK-listed provider of fund and corporate services, has acquired STRAIT, the U.S.-based provider of fund administration, financial oversight and regulatory compliance services for private equity funds, hedge funds, family offices, fund of funds, SPVs and other investment vehicles. STRAIT is headquartered in Dallas, Texas, with more than 50 employees servicing USD20bn AuA.
Citi adds ESG functionality to Clarity data platform
Citi has incorporated ESG scores into its securities services data platform, Citi Velocity Clarity, allowing clients to analyse the sustainability exposure of their holdings at the portfolio and security level. Citi recently announced a major upgrade to Clarity, including enhancements to the universe of available data, custom reporting capabilities and API functionality. Citi has developed…
Hex Trust raises USD6m for expansion
Hex Trust, a Hong Kong-based digital assets custody platform provider, has raised USD6m in a Series A funding round. The investment will enable Hex Trust to scale operations and hire key talent in Hong Kong and Singapore to meet growing institutional interest in digital assets in Asia, particularly among banks, exchanges, and corporate clients. In…
MUFG hires from Deutsche Bank – again
Thomas Ryan has joined MUFG Investor Services as head of asset and liability trading in New York, reporting to Tony Toscano, head of North American global securities lending solutions. Ryan joins from Deutsche Bank.
Vistra gets nod from FIRB for Mainstream acquisition
Vistra Group, the Hong Kong-based provider of advisory and administrative support services, has been notified by the Australian Foreign Investment Review Board that the Commonwealth Treasurer has no objection to Vistra acquiring up to 100pct interest in the securities of Mainstream Group Holdings Limited. Vistra entered into a Scheme Implementation Deed with Mainstream in March…
Deutsche Boerse takes 100pct ownership of Clearstream Fund Centre
Deutsche Börse AG has agreed to acquire the remaining 49pct stake of Clearstream Fund Centre from UBS for CHF390m (USD429m). Deutsche Börse will become the sole shareholder in the Zurich-based fund distribution platform, having initially acquired a 51pct stake in September 2020. The deal follows Euroclear’s recent announcement of its agreement to acquire MFEX, the…
Langham Hall supports Ardent’s new USD530m UK RE fund
The Ardent Companies LLC, an Atlanta-based real estate investment and asset management firm, has launched a USD530m UK real estate investment business, The Ardent Companies UK Ltd. Langham Hall, the UK-based administrator, has supported Ardent with its debut acquisition of a portfolio of 12 industrial sites with a total 67 units of real estate across…
State Street appoints LAB Group for investor onboarding in Australia
State Street has appointed Australia’s LAB Group to introduce electronic investor onboarding capabilities for its fund manager clients in Australia. With LAB Group’s platform, investor registration will be accelerated and electronic identity verification for individuals, companies and trusts will be enabled. The LAB process uses numerous Australian government and other verified databases, supported by dynamic…