Year: 2021

U.S. Bank has entered into a definitive agreement to purchase the debt servicing and securities custody services client portfolio of MUFG Union Bank, N.A. Under the terms of the agreement, U.S. Bank will acquire approximately 600 client relationships and USD320bn AuC/A. The deal is expected to close in the first quarter of 2021, subject to…

Amundi US (formerly Amundi Pioneer), the U.S. business of one of the world’s ten largest asset managers, is launching a series of separately managed account (SMA) investment strategies that will provide individual clients with access to more customised investing solutions. The firm will use the technology and infrastructure platform of Archer, a provider of middle…

BNY Mellon had added two senior executives to its global asset servicing business. Neal Chansky has joined as global head of consultant relations. He will report directly to Christine Gill, head of commercial development for asset servicing. He joins from Olmstead Associates, an investment management consulting firm. Prior to this, Chansky spent over thirty years…

IQ-EQ, the Luxembourg-based administrator, has completed the acquisition of Constellation Advisers LLC, a U.S.-based co-sourced and outsourced investment management services provider, following receipt of all necessary regulatory approvals. Constellation Advisers, which has 115 employees across six U.S. offices, provides customised solutions to a range of traditional and alternative investment management firms, including private equity, real…

Sudrania Fund Services, a U.S.-based administrator, has acquired the primary assets of Triple Leo Consulting, a U.S.-based fund administrator that specialises in crypto and digital assets fund administration. Terms of the deal were not disclosed. TLC founder Mike Quinn joins Sudrania in an advisory role and TLC’s entire staff has joined Sudrania’s team. This acquisition…