Loomis Sayles, an affiliate of Natixis Investment Managers with USD282bn AuM, has selected Mercatus as its technology partner for private markets investments, starting with its private credit business, launched in 2021. The collaboration with Mercatus, a State Street company, will build on Loomis Sayles’ existing relationships with both State Street and Charles River Development. The…
Year: 2023
Aztec supports Highland’s Fund V
C.I.-based Aztec Group has supported growth capital firm Highland Europe on its fifth fund, which closed after raising EUR1bn (USD1.1bn). Aztec has been administering Highland Europe’s funds since 2012 and, in addition to supporting on the close of Fund V, Aztec will continue to provide fund administration services to Highland Europe from its offices in…
Northern Trust launches mobile app for FOS
Northern Trust has introduced a mobile app for its Front Office Solutions (FOS) platform. The app is available on the Apple App store for iOS devices and Google Play for Android devices. FOS is a cloud-based investment lifecycle platform that enables investment offices to view and analyse portfolio and investment information across all asset classes…
DB1 invests in Next Gate
Next Gate Tech, a Luxembourg-based fintech, has raised EUR8m (USD8.8m) in a new funding round led by DB1 Ventures, the corporate venture capital unit of Deutsche Börse Group, with the continued support of existing investors, NewAlpha Asset Management, Volta Ventures, Expon Capital, and Seed X. Enrique Sacau, CEO of Kneip, a Deutsche Börse subsidiary, will…
Holland College selects Northern Trust
In Canada, Northern Trust has been selected by Holland College to provide asset servicing solutions including custody, investment risk & analytical services and benefit payment services. Holland College provides hands-on, industry-focused training to individuals on Prince Edward Island, Canada.
Komainu wins European ETP mandate
ETC Group, a European issuer of digital asset-backed securities (ETPs), has selected Komainu, a C.I.-based institutional digital asset custody service provider backed by Nomura, as custodian for its first index ETP. As the first digital asset ETP to be based on an MSCI index, the ETC Group MSCI Digital Assets Select 20 ETP is set…
BNPP upgrades CapLink
BNP Paribas’s securities services business has upgraded its digital offering to alternative fund managers and their investors with the release of two enhanced solutions: CapLink Investor and CapLink Private. CapLink Investor is a platform for fund managers, investors, and authorised contacts, offering information and insights across their fund holdings. CapLink Private offers digital reporting through…
Clearstream establishes bank
Clearstream, the post-trading services provider owned by Deutsche Börse, has established Clearstream Fund Centre S.A., a bank based in Luxembourg dedicated to serving institutional fund investors. The new entity operates under a commercial banking licence in Luxembourg. It will be part of Deutsche Börse’s and Clearstream’s Fund Services business segment, which provides fund execution, distribution…
Apex to acquire MJ Hudson
Apex has announced plans to acquire various operating businesses of troubled asset management services provider, MJ Hudson. Apex intends to acquire MJ Hudson’s business divisions which offer services including ESG, ManCo, quantitative, investment advisory, custodian bank benchmarking, Channel Islands fiduciary and fund administration, as well as investor relations and marketing solutions. MJ Hudson’s ManCo services…
Suntera hires from JFSC
Suntera Global, the C.I.-based administrator, has appointed Kathryn Wilkinson as head of operations, based in Jersey. She joins from the Jersey Financial Services Commission, where she was director of central operations.