Month: July 2024

BNY has struck an agreement with AIA and BlackRock. AIA will implement BlackRock’s Aladdin platform, with BNY’s investment operations and data management services and technology, to create a connected and scalable ecosystem to support AIA’s investment activities.  AIA and its subsidiaries are the largest independent publicly listed pan-Asian life insurance group. It had total assets…

IDR, the private markets onboarding hub, has expanded its U.S. presence with additional hires. Brian Hwang  joins IDR as commercial development director. Based in New York, he was previously at Visible Alpha, where he was global head of partnerships. Rory Blazeby, head of CRM, will also spend the remainder of the year in the U.S.…

Aztec, the C.I.-based administrator, has appointed Loic Choquet as head of jurisdiction in Luxembourg. He will continue in his role as head of group centres of excellence and internal control. Aztec has >700 Luxembourg-based employees, and has recently launched its AIFM service in the domicile.

State Street has been selected to provide fund accounting, fund administration and investor servicing for Galapagos Global Capital Management, the U.S.-based hedge fund manager of Galapagos Capital, a Brazilian-founded investment company. State Street will provide these services to Galápagos Macro Master LP and Galápagos Macro Cayman Ltd.

Tetragon, a C.I.-based asset management business, has deployed HUB Position Oversight, a SaaS solution that creates a unified view of portfolio data across internal and external systems for month-end NAV reporting processes. The solution onboards data from multiple systems, enabling Tetragon to automate position matching and streamline exception management through embedded workflow. HUB is a…

A long-serving senior executive at State Street has stepped down. Jessica Donohue, one of the most senior female executives at the bank, was appointed as head of global investment insights, sustainability and impact in 2023 after the retirement of Rick Lacaille. Previously Donohue had been global head of State Street’s asset owner segment.

TMF Group, the Netherlands-based administrator, has acquired two companies based in Mexico: KMC Campos y Campos, S.C. and Matas Lorenzo, S.C. Through these acquisitions, TMF Group will expand its capabilities in fund, accounting and tax, and payroll services in Mexico.

Northern Trust has been appointed by Legal & General to provide depository and fund administration services for its recently launched Private Markets Access Fund, which integrates a UK Long Term Asset Fund (LTAF) as a core component. The fund aims to offer 5.2 million DC scheme members the opportunity to obtain diversified exposure to private…

AEW Capital Management has expanded its outsourcing agreement with CBRE to include real estate accounting and reporting services to AEW’s North American private equity group, which manages direct private equity investments in real estate in the U.S. The agreement includes the transfer of approximately 50 AEW employees to CBRE’s office in Boston. CBRE will provide…

Accelex, the UK-based fintech, has formed a partnership with Meradia, a consultancy specialising in operations and technology for the investment management industry. The partnership aims to enhance operational efficiency for investors in alternative assets by combining their expertise in private markets data and operations.