Mainstream, an Australian administrator, has been appointed by Pendal Group for a five-year unit registry agreement, Under the arrangement, Mainstream will provide registry services for Pendal’s Australian funds with approximately AUD19bn (USD12.5bn) of assets under management.
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Citi appoints Matthew Bax as global head of direct custody & clearing
Citi has appointed Matthew Bax as global head of direct custody and clearing (DCC). He will continue to be based in London, reporting to Okan Pekin, global head of securities services. Bax was previously head of sales for EMEA custody & fund services.
EFA selects i-Hub as AML/KYC platform
EFA, the Luxembourg-based administrator, has chosen i-Hub as its platform for customer due diligence (AML/KYC) services. i-Hub, a wholly owned subsidiary of POST Luxembourg, was conceived and built in Luxembourg to serve the needs of the international banking and investment fund industries. EFA and i-Hub have defined a set of APIs that allow EFA to…
Ultimus to administer new ESG fund for Cornerstone Capital
Ultimus Fund Solutions, a U.S.-based independent administrator, has been selected as fund administrator for the Cornerstone Capital Access Impact Fund. Cornerstone Capital Group is a privately held registered investment adviser based in New York that focuses solely on sustainable and impact investing through targeted environmental, social and governance (ESG) strategies. Ultimus was chosen to administer…
Apex hires Jean-Daniel Zandona as Lux sales director
Apex Group, the Bermuda-based administrator, has appointed Jean-Daniel Zandona as sales director, based in Luxembourg. He reports to Aman Bahel, European head of sales. Zandona will be responsible for continuing to grow the group’s offering in Luxembourg, which has over 600 employees and is the home of the group’s digital banking and onboarding business and…
IQ-EQ hires Jeff Kelly as Cayman country delivery director
IQ-EQ, the Luxembourg-based administrator, has appointed Jeff Kelly as the new country delivery director for the Cayman Islands. He is responsible for overseeing client service delivery within the Cayman office. He joins from Berman Fisher.
SANNE hires Katy Hodgetts as director in Guernsey
SANNE, the UK-based global provider of alternative asset and corporate business services, has appointed Katy Hodgetts as director in its Guernsey office. She joins from BNP Paribas where she had a portfolio of clients managing private equity, debt and real estate assets across a broad variety of fund structures.
State Street joins forces with Coremont to offer E2E service for hedge fund managers
State Street has entered into an alliance with Coremont, the operations specialist that was spun out from Brevan Howard, a UK hedge fund manager. The alliance will provide fully integrated outsourcing services for hedge fund managers, covering front, middle and back office operations, combining Coremont’s portfolio management analytics and support with State Street’s asset servicing…
Ocorian hires Melville Rodrigues as senior consultant
Ocorian, the C.I.-based administrator, has appointed Melville Rodrigues as senior consultant to its fund services team. He joins from Charles Russell Speechlys, a UK law firm.
BP2S begins securities operations in Mexico
BNP Paribas Securities Services has begun operations in Mexico. Through an existing BNP Paribas subsidiary – BNP Paribas Asset Management México, S.A. de C.V. Sociedad Operadora de Fondos de Inversión – BP2S began its Mexico operations in March, providing daily accounting and valuation services as well as tax pricing and regulatory reporting. The Mexico office…