Lunate Capital, the Abu Dhabi-based alternative investment manager with >USD50bn AuM, has appointed BNY Mellon as administrator, transfer agent and global custodian for all its funds. In 2023 Lunate and BNY Mellon invested in a new company, Alpheya, that will develop a wealth management technology platform for wealth and asset managers in the Middle East…
Month: February 2024
Vistra hires global head of funds
Vistra, the Singapore-based fund services provider, has appointed Abdel Hmitti as managing director and global head of funds. He reports to William Douglas, Vistra’s chief commercial officer, and intends to relocate to the U.S. later this year. Hmitti will lead Vistra’s funds business, overseeing the teams responsible for commercial, relationship management, product development, and digital…
Citi wins Ausbil mandate
Ausbil Investment Management, an Australia-based manager with AUD16.6bn (USD10.8bn) AuM, has appointed Citi to provide custody and fund administration services. Ausbil is owned by its employees and indirectly by New York Life Investment Management.
SMT shake-up at RBC IS
After four months in the role, Claire Johnson, CEO of RBC Investor Services, has initiated a shake-up of the senior management team. Paul Burd, who has relocated to Canada from the UK, is head of client operations, with Christine Knott joining from Citisoft as head of transformation & client solutions. Joel Kornblum joins from FactSet…
Komainu loses CEO
Nicolas Bertrand, chief executive of Komainu, the C.I.-based crypto asset custodian, has stepped down with immediate effect. Robert Johnson, who joined Komainu as CTO in 2023, has taken charge as interim CEO. Bertrand joined Komainu in September 2022, following a botched attempt to hire Matthew Chamberlain, then CEO of the London Metal Exchange.
Socium partners with Hedgebay
Socium Fund Services, a U.S.-based Suntera Global company specialising in private equity and private credit fund administration, is partnering with Hedgebay Securities, LLC, a FINRA-registered broker-dealer. Hedgebay helps match sophisticated buyers and seller of hedge fund interests and other illiquid alternative investment assets. This collaboration aims to deliver tailored secondary market liquidity solutions to GPs…
Cit completes PA tokenisation PoC
Citi has completed a proof of concept on tokenisation of private funds along with Wellington Management and WisdomTree. With ABN AMRO simulating the role of a traditional investor, the PoC tested the tokenisation of a Wellington-issued private equity fund by bringing it on to a DLT network. The underlying fund distribution rules were encoded into…
BNY Mellon upgrades ETF basket construction
BNY Mellon has launched a new ETF basket construction platform. The new platform will provide asset managers with a digital workflow, backed by start-of-day NAV data, to present market-making information to liquidity providers. This solution will support asset managers in valuing, creating, and publishing basket information more efficiently. Users will be able to customise and…
DDH outsources to SS&C
DDH Graham Limited has appointed SS&C to deliver superannuation and funds management administration services. DDH manages and administers over AUD7.8bn (USD5bn) in funds on behalf of 34 fund managers and superannuation funds in Australia. SS&C will provide member and investor administration, including unit registry and fund services, for DDH and its superannuation and managed fund…
FXall connects to Saphyre
FXall, a London Stock Exchange business, will implement Saphyre‘s patented technology to expedite their clients’ readiness to trade and reduce delays related to post-trade processes. Clients onboarding new funds through FXall will have a single entry process to set up their funds for all their liquidity providers at one time, and to share related legal…