Following an update to its rules for listing crypto-asset-based products from SIX Exchange Regulation AG, Komainu (Jersey) Limited has been approved as a custodian of crypto assets under the new guidelines. The updated regulations expand the range of eligible crypto assets. A key addition is the requirement for these products to use custodians that are…
Year: 2024
BNY appoints Lux country head
BNY has appointed Brian McMahon as Luxembourg country head & EMEA head of alternative business development. McMahon, who has been with BNY for nearly 13 years, was previously global head of alternative business development. He replaces Brenda Bol, who left earlier this year to join Cecabank.
NT wins new ITS mandate
True Potential, a UK-headquartered wealth management firm, has expanded its relationship with Northern Trust to include outsourced trading via its Integrated Trading Solutions solution. Northern Trust will assume the trading function across True Potential’s internally managed funds with approximately GBP6.1bn (USD7.8bn) AuM. Northern Trust currently provides fund accounting, transfer agency, custody and depositary services to…
Waystone ETFs hires senior sales director
Waystone, the UK-based provider of specialist services to the asset management industry, has appointed Kevin Schrader as senior sales director of Waystone ETFs. He joins from Boston Partners Global Investors where he was responsible for the wholesale distribution of active value equity strategies in the UK. Waystone ETFs, which is led by CEO Paul Heffernan…
Vistra acquires in U.S.
Vistra, the Asia-based provider of fund and corporate services, has acquired the fund administration and transfer agency business of U.S.-based Phoenix American Financial Services, Inc. The transaction does not include Phoenix American’s aviation services business. As part of the deal, Zane Doyle, chief strategy officer of Phoenix American, will join Vistra. The deal will enhance…
Credicorp moves to Multifonds
Credicorp Capital, the investment management and advisory company, has gone live on Temenos Multifonds delivered as SaaS. The company is part of Credicorp Ltd., one of the largest financial groups in Latin America, whose subsidiaries include insurance, pension funds and microfinance providers in addition to BCP, Peru’s biggest bank. Credicorp Capital’s asset management business has…
Amicorp granted AIFC licence
Amicorp Fund Services, the Asia-based fund services provider, has had its fund administration licence approved by the Astana International Financial Centre, Kazakhstan‘s financial hub. The licence adds to Amicorp’s seven other fund administration locations.
BNY wins ETH ETP mandates
BNY has been appointed as administrator for seven of the nine ETH ETPs approved for trading in the U.S. in July. BlackRock (ETHA), Bitwise (ETHW), Grayscale (ETHE & ETH), Franklin Templeton (EZET), 21shares (CETH), and Invesco Galaxy (QETH) have named BNY as the cash custodian, transfer agent, and administrator, providing administrative, tax and accounting services,…
Westwood expands with Ultimus
Ultimus Fund Solutions, the independent provider of fund administration, accounting, and investor solutions, has expanded its longstanding partnership with Westwood Holdings Group following the launch of two new actively managed ETFs. Headquartered in Dallas, Texas, Westwood manages multiple investment strategies tailored to institutional investors, private wealth clients, and financial intermediaries. Recently, Westwood expanded its offerings…
Northern Trust hires in Singapore
Northern Trust has hired Kai Jebens as head of client development, Southeast Asia, and Chris Vera as senior digital solutions consultant, APAC, for its asset servicing business. Both are based in Singapore. Jebens previously held positions at Collibra, BNY, and FIS, inter alia. Vera previously worked at BlackRock, AIA, and BNY, amongst others.