State Street has launched its Fund Connect ETF Portal in Australia. The portal offers online access for the creation and redemption of ETFs. This follows the 2022 launch of the platform in Singapore. Fund Connect ETF acts as a conduit between APs and issuers globally. It provides a single point of access to approximately 1,100…
Year: 2023
Gen II appoints CFO
Gen II Fund Services, the U.S.-based private capital fund administrator, has appointed Marlene Pelage as CFO. She was previously global CFO for IPG Mediabrands.
Vistra and Tricor merge
Vistra, the Asia-based fund and corporate service provider, has completed its merger with Tricor Group. The combined business has >9,000 professionals in 50+ jurisdictions. Simon Webster, who joined Vistra in 2022 as CEO, becomes CEO of the combined business. Kim Jenkins, Tricor’s CEO, has been appointed as COO. The merged entity, headquartered in Hong Kong,…
Andrew Capon – RIP
It is with great sadness that I have to announce the death of Andrew Capon. Andrew was one of the most gifted journalists of his generation, covering both investment management and administration. He had a formidable intellect, and a wicked sense of humour. He was just 54 years old.
BBH strengthens EMEA sales team
Brown Brothers Harriman has expanded its investor services sales team in Europe. David Murphy and Andrea Murray join BBH as European business development managers for alternatives and ETFs respectively, while Holly Gardner takes on the role of head of business development for Luxembourg. Murphy joins BBH’s alternatives team after most recently leading business development at…
EDB wins ADGM mandate
The European Depositary Bank, the Luxembourg-headquartered provider of banking, depositary and custody solutions owned by Apex, has been appointed by Aarna Capital Limited to provide digital banking solutions. Aarna Capital is a multi-asset brokerage firm, operating from Abu Dhabi Global Markets, offering clients access to futures, options, FX, bullion, equities, CFDs and fixed income products.
Blackwattle appoints Equity Trustees
Blackwattle Investment Partners, a start-up Australian equity investment manager, has chosen Equity Trustees to be the responsible entity (trustee) for its first range of Australian equity funds: the Blackwattle Small Cap Quality Fund, Blackwattle Large Cap Quality Fund, Blackwattle Mid Cap Quality Fund and Blackwattle Long-short 130/30 Quality Fund.
Clearwater appoints chief product officer
Clearwater Analytics, the U.S.-based provider of investment management, accounting, reporting, and analytics solutions, has appointed Sunil Dixit as chief product officer. Before joining Clearwater, Dixit was responsible for financial services cloud and Einstein-driven intelligence applications for wealth management and banking at Salesforce.
State Street to service abrdn’s European ETF
State Street has been appointed by abrdn, the UK-based asset manager with GBP500bn (USD643bn) AuM, to service its first actively managed ETF in Europe, the abrdn Global Real Estate Active Thematics UCITS ETF. State Street will provide abrdn with custody, fund accounting, order-taking, transfer agency and ETF servicing.
Socium implements Sentry
Socium Fund Services, the U.S.-based subsidiary of Suntera Global, has implemented the Sentry loan portfolio management technology from Broadridge. Socium is a private capital and credit fund administration firm. Sentry is a scalable web-based solution that captures, calculates, and analyses the borrower’s KPIs, monitors the pipeline, improves credit selection, and creates reusable covenant rules. As…