Fubon Fund Management (Hong Kong) Limited, a Taiwan-based manager, has appointed Citi as service provider for its first ETPs launched in Hong Kong. Citi will act as trustee and will also provide fund accounting and custody services.
Category: Bank Providers
Northern Trust launches upgrade of Rec Dashboard
Northern Trust has launched a new version of its Rec Dashboard, a workflow tool that provides a real-time view of breaks and reconciliations in trade activity between asset managers and other institutions. Rec Dashboard is hosted within Omnium, a Northern Trust middle- and back-office technology platform for fund administration. The enhanced tool is available to…
J.P. Morgan links to SimCorp Dimension
J.P. Morgan’s securities services business is building a link to SimCorp Dimension. SimCorp is a provider of technology solutions and services for the asset management sector. Available to mutual clients, the front-to-middle office and custody integration has gone live at one asset owner in APAC.
Northern Trust wins USD26bn UK Coal mandate
Northern Trust has been appointed to provide a range of asset servicing solutions to the UK’s Coal Pension Trustees Services Limited (CPT). CPT is the in-house executive company owned by the British Coal Staff Superannuation Scheme and the Mineworkers’ Pension Scheme – two closed defined benefit schemes representing members who previously worked in the UK…
State Street to service dual access ETF for AllianceBernstein in Australia
State Street has been appointed as servicing agent for an AllianceBernstein ETF in Australia that now offers the dual access option. Originally developed seven years ago, AB’s Managed Volatility Equities Fund was listed on the Chi-X exchange in April, leveraging the innovative dual access model, which enables active managers to run a single register for…
Northern Trust hires Arthur Hill to head asset servicing product management
Northern Trust has hired Arthur Hill as head of product management for asset servicing. Based in Chicago, Hill reports to Paul d’Ouville, head of asset servicing product and client solutions. Hill joins from Capgemini, where he was a senior director for its global insurance and financial services group.
Credit Value Partners launches ILP
Credit Value Partners LLC, a U.S.-based private capital firm, has launched one of the first funds to be set up using the new Irish Investment Limited Partnership regime. Carne Group has been appointed as ManCo, with U.S. Bank appointed as administrator and depositary.
CACEIS launches UK carbon metrics reporting service
CACEIS has launched a carbon metrics reporting tool in the UK. This will provide UK pension schemes with a platform to align themselves with the Task Force on Climate-Related Financial Disclosures reporting requirements. The new carbon metrics look-through reporting tool enables pension schemes to assess their portfolios’ carbon footprint and meet the metrics and targets…
State Street hires Neil Macdonald as AsPac head of asset managers segment
State Street has hired Neil Macdonald as head of the asset managers segment in Asia Pacific. In this newly created role, Macdonald will report globally to Donna Milrod, head of the global asset managers segment and global clients division, and regionally to Mostapha Tahiri, chief executive officer for Asia Pacific. Macdonald joins from KPMG, where…
Laide Majiyagbe joins BNY Mellon to head financing & liquidity
BNY Mellon has appointed Laide Majiyagbe as head of financing and liquidity, assuming oversight of the securities finance, liquidity services and collateral segregation businesses. In this newly created role, Majiyagbe will oversee the strategic direction for BNY Mellon’s financing, collateral and short-term liquidity offering. She joins BNY Mellon from Goldman Sachs, where she spent 14…