Citi has launched a new service for advisor clients that automates the allocation of cash across a range of funds and manages all aspects of order processing between advisor clients and fund providers. With its Dynamic Allocation and Fund Order Processing service, a client can send an order through industry standard or proprietary messaging to…
Year: 2021
Finian Power joins Prescient in Ireland
Prescient Fund Services (Ireland) Limited, an independent provider of ManCo, UCITS and AIFMD platform and fund administration services, has appointed Finian Power as head of investment manager oversight, based in Dublin. He joins from DMS Governance. Prescient’s Irish business recently reachedUSD4bn AuA across its traditional and alternative UCITS and AIFMD platform businesses.
Callum Runcie joins Coremont to head North America sales
Coremont, the UK-based provider of investment management support services, has appointed Callum Runcie as its senior sales executive for North America. Runcie joins from Options IT, where he was sales director, buyside. He previously worked for HSBC’s securities services business.
James Griffin to head global sales for SS&C’s Eze products
SS&C has appointed James Griffin to lead global sales for Eze Eclipse and Eze Investment Suite. Griffin joins from Orbital Insight, where he headed sales for the Americas.
Apex adds four seniors to corporate solutions business
Apex has made four senior appointments in its corporate solutions business. Frank de Wit joins Apex as head of corporate solutions Luxembourg, Claudia Bolanos as head of corporate services, APAC, based in in Hong Kong, and Stephen Reilly, head of corporate solutions, Jersey and Alice Read, commercial director, corporate solutions, both join Apex in Jersey.…
Euroclear hires Jason Nabi as group head of strategy and M&A
Jason Nabi has been appointed group head of strategy and M&A at Euroclear. Nabi has previously worked at BNP Paribas, SGSS and HSBC.
SGSS to act as depositary for new RE fund in Italy
SGSS in Italy has been chosen by Invimit SGR, a company owned by the Ministry of Economy and Finance, to provide depositary bank services for its new Dante real estate fund.
Perpetual switches to State Street in Australia
Perpetual Investment Management Limited, the Australia-based asset manager, has appointed State Street to provide custody and fund administration services. State Street will provide core custody, middle office, administration, valuation, accounting and tax reporting services to the funds managed by Perpetual. In addition, Perpetual will leverage State Street’s enterprise data platform to manage data across the…
Commerz Real appoints BNP Paribas as depositary for new LTIF
Commerz Real AG, a subsidiary of Commerzbank, has appointed BNP Paribas in Luxembourg as depositary bank for its European Long Term Investment Fund, KLIMAVEST. The fund’s policy is to invest in renewable energies, infrastructure, transport, mobility and forestry. The goal of this public fund, distributed in Germany, is to invest EUR25bn.
Cramer Rosenthal McGlynn moves mutual funds to Ultimus
Ultimus Fund Solutions, a U.S.-based provider of fund servicing solutions, has been retained by Cramer Rosenthal McGlynn, LLC, a U.S. manager with c. USD3.3bn AuM. Under the agreement, Ultimus will provide fund accounting, administration, transfer agency and shareholder services to five CRM mutual funds with >USD1bn AuM.