Citi’s securities services business in Australia has been appointed by Fiducian Group to provide custody, fund administration and registry services. The project involved transitioning >1,300 assets, many thousands of transactions, tax parcel data and unit pricing across Fiducian’s Investor Directed Portfolio Service (IDPS), superannuation wrap and Fiducian Funds product offerings. Fiducian is an Australian-owned financial…
Year: 2024
Apex goes live with DLT TA
Apex has become what it claims is the first transfer agent and fund service provider to administer regulated securities using blockchain as the book of record. This enables global private market funds to access a more diverse and significantly larger pool of qualified investors. In partnership with Hamilton Lane and Sygnum Bank, Apex created a…
Clearwater buys from Wilshire
Clearwater Analytics, a U.S.-based provider of SaaS-based investment management, accounting, reporting, and analytics solutions, has entered into a definitive agreement to acquire risk and performance analytics solutions from Wilshire Advisors LLC. Specifically, Clearwater will acquire Wilshire Axiom, Wilshire Atlas, Wilshire Abacus, and Wilshire iQComposite, which provide fixed income analytics, equity analytics and performance measurement, accounting,…
Apex wins HK mandate
Uluwatu Limited has appointed Apex to provide fund administration services. Uluwatu is a Hong Kong-based investment firm which makes long-term equity investments in entrepreneur-led, publicly traded businesses across Asia. The firm focuses on investments across three principal sectors: digital economy, financial services, and consumer and lifestyle.
Northern hires for Lux
Northern Trust has appointed Raphaël Remond as deputy CEO of its continental European bank, Northern Trust Global Services SE. He reports to Olivier Noël, CEO of NTGS SE and country head for Luxembourg. Remond was previously COO of LIOR Global Partners, and also spent more than 25 years at State Street.
Ultimus partners with PennHaven
Ultimus Fund Solutions, a U.S.-based provider of middle office, fund administration, accounting, and investor solutions, has formed a partnership with PennHaven Brokerage Partners. The partnership enables Ultimus to offer asset managers outsourced trade execution and trading desk services through PennHaven, combined with Ultimus’ middle office services, including post-trade settlement, IBOR, performance and attribution reporting, and…
Perennial expands with SS&C
Perennial Partners, an Australian asset manager, has retained SS&C for unit registry services. SS&C will provide a range of services to Perennial’s investors across all fund types, including active ETFs, unlisted and dual-listed funds, and private equity. Previously, SS&C serviced unlisted and dual-listed funds for Perennial Partners. After a market evaluation process, Perennial expanded its…
iCapital to acquire Mirador
iCapital, the fintech platform supporting the world’s alternative investment marketplace for the wealth management industry, is to acquire Mirador, a provider of investment data aggregation and financial reporting across both alternative and traditional investments, Mirador’s services include consolidated financial reporting, private investment support, offline and alternative investment data management, K-1 document management, and compensation management…
Maples wins Cayman mandate
The Maples Group has been appointed by Chicago Global Capital Pte. Ltd. to provide fund administration services for its Cayman Islands-domiciled hedge fund. Chicago Global will be primarily serviced from Maples’ Singapore office, where the team will be providing fund administration services including cross-jurisdictional AML/KYC compliance, financial statement preparation, investor services and fund accounting. Chicago…
JTC hires director of treasury services
JTC, the C.I.-based professional services provider, has appointed Mark Forster as director – treasury services. He will be responsible for the day-to-day management of JTC’s treasury services business. He joins from Butterfield Bank.