22JUL19: BNP Paribas Securities Services has extended its front-to-back outsourcing model for hedge funds with a connection to front office provider Broadridge. With the deployment of Broadridge’s Portfolio Master (formerly Paladyne), a full asset class portfolio management platform with integrated risk and portfolio rebalancing capabilities, BP2S can now offer clients a fully integrated end-to-end outsourcing…
Richard
Two new M&A deals in independent fund admin sector
19JUL19: Two M&A transactions in the independent sector: Inflexion Private Equity is set to acquire Estera, a provider of funds, corporate and trust services, from Bridgepoint. Following completion of the investment, Estera will be merged with Inflexion’s existing portfolio company Ocorian. The combined business will operate from 18 global jurisdictions, including Bermuda, Cayman, Guernsey, Ireland,…
I Hear You Knocking – a new breed of administrators is on the march
Most likely, you didn’t know much about Intertrust before Stephanie Miller was appointed CEO in 2018. Perhaps you, like me, thought of the firm as a rather dull provider of corporate services, with a small administration business tacked on. Think again. With the USD330m acquisition of Viteos, Intertrust just joined the major leagues. Intertrust describes…
Archer hires Pat Green as relationship manager
18JUL19: Archer, a U.S.-based service provider to the investment management industry, has hired Patrick Green to join its relationship management team in the U.S. He was previously at Accenture, where he was an associate director in the asset & wealth management technology practice.
FHLB Chicago choose SS&C’s EVOLV for loan accounting
18JUL19: The Federal Home Loan Bank of Chicago has signed a multi-year agreement to use SS&C Primatics’ EVOLV platform to automate loan and securities portfolio accounting.
Harry Samuel to leave RBC
17JUL19: Harry Samuel is to leave RBC. Samuel has been CEO of RBC Investor & Treasury Services since 2013, and has been at the bank for 30 years. Although a direct replacement has not been announced, it is understood that Francis Jackson, who joined in 2015 as global head of client coverage, will assume responsibility…
Northern Trust hires Marisa Kurk as COO of Global FX business
17JUL19: Northern Trust has appointed Marisa Kurk as chief operating officer of the global foreign exchange business. Based in Chicago, Kurk will report to John Turney, head of GFX. Prior to joining Northern Trust, Kurk served as COO of Belvedere Trading, LLC and COO and senior managing director of currency management at Mesirow Financial.
Funds SA hands Northern Trust AUD34bn mandate
15JUL19: Funds SA, the superannuation fund owned by the Government of South Australia, has appointed Northern Trust for a AUD34bn (USD24bn) mandate to provide a master custody solution including asset servicing, investment administration and investment data services.
BNP Paribas to clear derivatives for Arca Fondi
16JUL19: BNP Paribas Securities Services has been selected to provide derivative clearing services to Arca Fondi SGR. BNP Paribas will clear all derivatives transactions relating to Arca Fondi’s Italian-domiciled funds and Luxembourg SICAVs, as well as transactions relating to its pension fund and asset management mandates, representing a total of EUR32bn AuM.