State Street has been appointed as a service provider by two issuers of the recently-approved ETH spot ETFs in the U.S. VanEck (ETHV) and Fidelity (FETH) have selected State Street to provide cash custody, fund accounting, transfer agency, basket services and electronic order taking.
Month: July 2024
UBS AM outsources to CBRE
CBRE has been appointed by UBS Asset Management’s U.S. real estate & private markets business to provide a range of fund administration and related services for its U.S. real estate and farmland assets. As part of the agreement, a team from UBS Asset Management has moved to CBRE. Services provided by CBRE under this agreement…
FINBOURNE appoints U.S. sales director
FINBOURNE, the UK-based fintech, has appointed Ryan Goldberg as sales director in its New York office. He was most recently at Finquest.
Trovata links to Fund Connect
Trovata, the U.S.-based provider of an API-powered platform for managing cash & liquidity, has integrated the platform with State Street’s Fund Connect. This integration will enable joint clients to access Fund Connect as a third-party investing and trading tool with access to over 25 leading fund managers, from the Trovata platform. Trovata helps businesses to…
Aztec supports eevolve fund launch
Aztec Group, the C.I.-based fund and corporate services provider, has supported the launch of eevolve Partnership SCSp, the first fund from eevolve, the Swiss asset manager established in 2022. The fund was oversubscribed at EUR372m (USD404m). Aztec will continue to provide ongoing administration and accounting services to the fund and its investment structures from its…
Yealand selects Confluence for NAV service
Yealand Fund Services, a small UK-based ACD and fund administrator, has selected Confluence’s valuations pricing service to deliver greater transparency and efficiency in the pricing of multi-asset class financial instruments to its clients. Yealand will replace a previous provider to enhance the accuracy of data feeding its operational, portfolio management, and risk management processes while…
Broadridge hires APAC head
Broadridge, the U.S.-based fintech, has appointed David Runacres as president of Asia Pacific. Based in Tokyo, Runacres will also assume the role of senior country officer, Japan. Runacres joins Broadridge from the London Stock Exchange Group, where he spent 12 years as head of Japan.
Ultimus launches fund platform
Ultimus, the independent provider of fund administration, accounting, and investor solutions, has launched Ultimus Registered Alternatives Gateway, a platform for launching registered alternative funds. Ultimus Gateway provides a full-service operating and oversight model with vetted partners, designed to streamline the fund launch process, offering components that enable advisors to navigate regulatory requirements with greater ease.…
Copper shakes up senior management team
Copper, the UK-based provider of digital asset custody, collateral management, and prime services, has made changes to its senior management team. Michael Roberts has been appointed chief commercial officer, after two years as Copper’s head of prime. He succeeds Boris Bohrer-Bilowitzki, who has stepped down after more than six years in the role. Mike Milner…
Citi to support new Eurizon ETF
Eurizon SLJ Capital, the UK-based investment manager of Eurizon, the asset management company of Intesa Sanpaolo with EUR384bn (USD418bn) AuM, has launched its first Ireland-domiciled actively managed ETF with Connect ETFs, a new ETF platform connecting asset managers with leading ETF service providers. The platform uses Carne Global Fund Managers (Ireland) Limited as ManCo and…