The New Zealand Superannuation Fund has expanded its relationship with Northern Trust to include data services through its data warehouse solutions offering. Northern Trust has provided the NZ Super Fund with global custody and compliance monitoring services since 2007 and securities lending services from 2019. Northern Trust Asset Management has provided investment management services to…
Month: June 2024
ECPOConnect goes live
BNY Mellon has gone live with the first client for ECPOConnect, a collateral optimisation service developed in collaboration with Pirum Systems, the post-trade services fintech. The inaugural client is a Canadian bank. This new service combines BNY Mellon’s collateral management service, ECPO, with Pirum’s CollateralConnect platform, a SaaS-based solution supporting front-to-back cross-asset margin, collateral and…
U.S. Bank expands leadership roles
U.S. Bank has expanded leadership roles for Stephen Philipson and Felicia La Forgia as part of an effort to strategically position the bank’s Wealth, Corporate, Commercial and Institutional Banking (WCIB) team. They will continue to report to Gunjan Kedia, who was recently named president of U.S. Bancorp, overseeing the company’s revenue lines of business, including…
DTOS opts for PAXUS
DTOS Ltd, a corporate service provider within the Mauritius International Financial Centre, has selected the PAXUS fund administration system for its third-party accounting operations. DTOS has opted for a full SaaS PAXUS-CLOUD deployment model. PAXUS is provided by PFS, a subsidiary of Apex.
Aztec appointed by Corten
Aztec Group has been appointed as fund administration provider to Corten Real Estate, a U.S.-based real estate investment manager. Aztec is providing Corten with fund administration, financial reporting and investor relations services from its Philadelphia office. Corten focuses on providing solutions and strategic capital to stakeholders across real estate sectors in the U.S.
Suntera opens in London
Suntera Global, the C.I.-based administrator, has opened an office in London. Headed by Jade Fellowes, client services director and head of intermediaries, the London office will complement Suntera’s existing network of offices in eight locations in Europe, Asia, the Caribbean and the U.S.
Awqaf partners with Apex
Apex Group has been appointed by Awqaf Investment, the investment arm of the General Authority for Awqaf in Saudi Arabia, as its new strategic partner. Awqaf provides investment services to the non-profit sector. Apex Group will be providing fund accounting, transfer agency, and middle & back office outsourcing. In 2023 State Street completed implementation of…
FundGuard links to ICE
FundGuard, the multi-asset and multi-book investment accounting utility which is backed by Citi and State Street, has formed a collaboration with ICE’s data services business, which is part of Intercontinental Exchange, the operator of global exchanges and clearing houses and provider of data and listings services. The collaboration will provide asset managers, asset owners and…
BNPP wins major European mandate
BNP Paribas has been mandated by Flossbach von Storch, one of Europe’s leading independent asset managers with >EUR 70bn (USD76bn) AuM, to provide services including global custody, fund accounting, and transfer agency for its UCITS funds in Germany and Luxembourg, covering >EUR 50bn (USD54bn) in assets.
Vivian Tung moves to MFS
Vivian Tung has left BNY Mellon to join the ETF product team at MFS Investment Management, based in Boston. At BNY Mellon Tung was global head of ETF services. She joined in 2022 after spending nearly 17 years at BBH.