HSBC has completed the first securities lending transaction in Saudi Arabia. HSBC acted as custodian and agent lender on the transaction for a large regional asset owner, enabling HSBC, in its role of prime broker, to borrow Saudi Arabian equities from the asset owner and provide access to the country’s equities market for a global…
Year: 2021
Kay Hayre joins BNY Mellon to co-head IM sales
Kay Hayre has joined BNY Mellon as co-head of investment managers (IM) sales. In this role, Hayre will partner with co-head Laura Steinbach to drive business development activities, advance strategic relationships, and grow the firm’s pipeline of opportunities with IM prospects and clients globally. She will focus on IM business development internationally, whilst Steinbach will…
Aztec Group appoints Charlotte Light as CTO
Aztec Group has appointed Charlotte Light as chief technology officer. She joins after four years at Channel 4, a UK broadcaster, where she was chief information officer. She will be based in the UK.
SEI’s CIT business grows to USD100bn AuA
SEI, a U.S.-based provider of investment processing, investment management and investment operations solutions, has surpassed USD100bn AuA in its collective investment trust (CIT) business, representing a 20.5pct increase from a year ago. Through SEI Trust Company, SEI launched 39 funds from 11 global investment managers, adding over USD17.3bnin CIT assets in 2020.
Apex-owned EAM reaches USD1bn AuM
Emerging Asset Management Ltd., the Apex-owned provider of turnkey solutions for fund launches, has reached the milestone of USD1bn AuM. EAM’s clients include new and established, small to medium sized fund managers looking to start or launch new alternative investment funds, including hedge funds, private equity, property, and commodities funds. EAM serves both onshore U.S.…
HSBC launches fund admin services in Thailand
HSBC has launched fund administration services in Thailand. This comes after Thailand’s Securities Exchange and Commission relaxed outsourcing rules to improve the efficiency of local fund managers’ operations. Under this model, clients can use HSBC’s fund administration services in addition to custody and fund supervisory services currently offered. The service will be offered through Multifonds,…
Aztec supports launch and admin of Oquendo’s senior debt fund
Aztec Group, the C.I.-based fund and corporate services provider, has supported Oquendo Capital, a Madrid-based private debt specialist, with the final close of Oquendo Senior Debt Fund. Aztec will provide administration, depositary, reporting and investor services to the fund from its office in Luxembourg, in addition to servicing four other Oquendo funds.
IQ-EQ launches global private debt & credit desk
IQ-EQ, the Luxembourg-based administrator, has launched a global private debt & credit desk to support managers and investors with increasingly complex debt strategies and offer clients a dedicated team of expertise across the full debt and credit spectrum. The new desk is complemented by a global structured finance and securitisation team that services asset-backed and…
Citi appoints David Brown to senior APAC client role
Citi has appointed David Brown as Asia Pacific head of client executive and account management for custody and fund services. Based in Hong Kong, he reports to Irimga McKay, global head of client executives and account management for custody and fund services, and David Russell, Asia Pacific head of securities services and Hong Kong head…
CACEIS to service Theoreim’s new RE funds
CACEIS has been selected as provider for Theoreim’s first two real estate funds. Theoreim is an independent asset management company specialising in real estate investments and received authorisation from the French Autorité des Marchés Financiers in September 2020. CACEIS, now provides depositary banking services for both funds, in addition to fund accounting and transfer agency…