Link Group, the Australia-based administrator, has agreed to sell its 74.85pct holding in Link Market Services South Africa to JSE Limited. Link Group will receive proceeds of R224.5m. Link Group entered the South African registry market in 2006. JSE is Africa’s largest multi-asset class stock exchange.
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Northern Trust appoints Grace Hayman for senior ANZ SL role
Northern Trust has appointed Grace Hayman as senior relationship manager for its securities lending business in Australia and New Zealand. Based in Sydney, Hayman will also be responsible for leading securities lending business development activities across the region. Hayman was most recently based in Northern Trust’s Singapore office where she managed the Southeast Asian securities…
Doug Guzman appointed group executive for RBC I&TS
Following the departure of Harry Samuel, the CEO of RBC Investor & Treasury Services, Francis Jackson has assumed the newly created role of CEO of the investor services business globally. Jackson initially reports to Doug McGregor, CEO of RBC Capital Markets and group head, RBC Capital Markets and RBC I&TS. Following McGregor’s retirement in January…
Ultimus to Acquire LeverPoint Management
Ultimus Fund Solutions has agreed to acquire LeverPoint Management, a U.S.-based provider of fund administration and support services to private equity, venture capital and real estate managers. Ultimus’ private fund business will operate as Ultimus LeverPoint Private Fund Solutions and will provide administration for approximately USD90bn of private fund assets across 230 clients. In total,…
Aberdeen Standard Investments consolidates TA with SS&C
Aberdeen Standard Investments (ASI), a UK-based asset manager with >USD676bn AuM, has signed a multi-year contract with SS&C until 2025 for transfer agency services. SS&C helped ASI to consolidate and standardise investor servicing across the combined Aberdeen and Standard Life global operations following the 2017 merger.
SS&C promotes Eamonn Greaves to head global sales
SS&C has made two senior sales appointments. Eamonn Greaves has been promoted to global head of sales. Rob Stone succeed Greaves as head of alternative assets sales in North America. Greaves reports to Rahul Kanwar, president and chief operating officer, and Stone will report to Greaves.
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BNY Mellon launches 24×5 ETF dealing for Irish funds
BNY Mellon has introduced extended dealing hours for Irish-domiciled UCITS ETFs to support the distribution of these products globally. Known as 24×5 ETF Dealing, hours are extended to ETF issuers through BNY Mellon’s transfer agency hubs in Singapore and Syracuse, New York. This means issuers can now deal Irish UCITS ETFs from Monday morning in…
Apex to service EUR10.6bn Prologis European Logistics Fund
Prologis, the U.S.-based industrial real estate investment manager, has selected Apex Group to provide depositary and transfer agency services to the Prologis European Logistics Fund. PELF is Europe’s largest open-ended logistics fund, with assets valued at EUR10.6bn. The fund, which is domiciled in Luxembourg, will be serviced by the Apex subsidiary, European Depositary Bank.
Northern Trust launches securities loan pricing engine
Northern Trust has developed a securities lending pricing engine that uses machine learning and advanced statistical techniques to support revenue growth for clients by more effectively forecasting loan rates.