RBC Investor Services has been selected as custodian and fund accountant for Kaleido Growth Inc. and its IDEO+ registered education saving plans (RESPs) and legacy funds. This agreement marks the first between Kaleido Growth Inc. and RBCIS.
Month: October 2024
Waystone to service Avantis ETFs
Waystone, a European provider of specialist services to the global asset management industry, has been appointed as ManCo by American Century Investments for its first European ETFs. The two UCITS ETFs – Avantis Global Small Cap Value UCITS ETF and Avantis Global Equity UCITS ETF – have been launched under American Century’s quantitative investment unit,…
Apex completes NZ acquisition
Apex has completed its acquisition of Trustees Executors’ custody and investment accounting business. The deal will add 37 new employees and NZD55bn (USD34bn) AuC/A to Apex in New Zealand.
SS&C launches AI platform
SS&C has launched SS&C Accord, an AI-enabled service to help wealth managers aggregate and validate their clients’ alternative investment data. SS&C Accord leverages SS&C’s wealth management and alternative investment fund administration expertise to help advisors aggregate and process siloed data across their investors’ portfolios. Wealth managers, RIAs, pension funds, endowments and family offices can view…
Apex wins in Japan
Apex has expanded its relationship with Integral Corporation, one of the largest Japan-based private equity managers. It will now provide fund administration services to Integral Fund V Series. Apex will now offer Cayman fund administration, Cayman regulatory reporting, tax reporting, board meetings for Fund II, III, IV and a number of investment vehicles.
SimCorp appoints head of business services
SimCorp, the Deutsche Börse-owned financial technology company, has appointed Ulrik Modigh as head of SimCorp Business Services. Modigh will oversee SimCorp’s full range of business services, including data management, investment accounting, and investment operations. Modigh recently served as COO, head of operations and technology at Nordea Asset Management. Based at SimCorp’s global headquarters in Copenhagen,…
State Street hires digital chief
State Street has appointed Vanessa Fernandes as head of digital asset solutions. Fernandes, who will be based in New Jersey, will report to Donna Milrod, chief product officer. Prior to joining State Street, Fernandes was global head of digital experience at BNY Mellon.
Senior hires at BNY
Two senior hires at BNY Mellon: Paul Fleming joins as head of alternatives, based in Boston. Fleming was previously global head of alternatives at State Street before leaving in 2023. Earlier this year BNY hired Elliott Brown for the role, but he has subsequently left the firm. Bryan Ireton joins as head of client service,…
CACEIS implements Nephelai
CACEIS has integrated a machine learning solution from Nephelai, a French fintech, that facilitates middle-office trade management. Machine learning streamlines client transaction processing, from capture, verification, enrichment and confirmation to settlement monitoring and penalty management. Prior to sending orders to the market, the solution scans every transaction, detecting anomalies, filling in missing information or correcting…
AB appoints Evelyn as ACD
AllianceBernstein has appointed Evelyn Partners Fund Solutions as ACD for its UK OEIC range. The six funds were launched in 2019 and now hold assets in excess of USD1bn. EPFL currently supports over 150 funds with funds under governance of c. GBP10bn (USD13bn).