Tabula Investment Management Limited, a UK-based passive fixed income manager, has appointed HSBC to service an additional three sub funds on its Ireland-domiciled Tabula ICAV UCITS platform. Tabula North American CDX High Yield Credit Short UCITS ETF was launched in June 2020 and listed on the London Stock Exchange the following month. Tabula will launch…
Category: Bank Providers
ReAssure hands HSBC two mandates for GBP43bn
ReAssure Limited, the UK life and pensions company, has appointed HSBC as custodian and fund administrator for GBP28bn (USD36bn) of assets after ReAssure’s GBP650m acquisition of 1.1 million closed life insurance policies from Legal & General. Separately, ReAssure has also appointed HSBC as fund administrator of its shareholder book, amounting to GBP15bn (USD19bn) of assets.…
ebase appoints SGSS and MFEX for fund services in Germany
European Bank for Financial Services (ebase), the German digital investment platform which was acquired by FNZ Group in 2019, has selected Société Générale Securities Services in Germany and MFEX Mutual Fund Exchange AB for its brokerage, custody and trailer fee management services. Under the mandate, MFEX and SGSS will provide services for several thousand funds…
HSBC appointed trustee for BlackRock’s HK master-feeder ETF
HSBC has been appointed trustee for BlackRock’s iShares MSCI Emerging Markets ETF (HK), the first Hong Kong-domiciled master-feeder ETF structure. BlackRock has launched its new feeder ETF after listing on the Hong Kong Exchange. This came after the Securities and Futures Commission (SFC) announced the relaxation of rules for the master-feeder structure, allowing feeder structures…
Citi supports launch of two L&I ETPs for CSOP AM in Hong Kong
Citi has supported the launch of two new leveraged and inverse (L&I) exchange-traded products by CSOP Asset Management, and will be providing CSOP with custody, fund administration and trustee services. Launched in Hong Kong, the new L&I products track China A-shares and allow investors to invest into the mainland China CSI 300 Index. Citi reports…
Intertrust hires J.P. Morgan’s Whaley to head Lux fund client service
Intertrust Group had added three managers to its Luxembourg client service team. Allison Whaley comes in as head of fund client service in Luxembourg, responsible for the overall client experience. Prior to joining Intertrust, Whaley was with J.P. Morgan for six years in London where she was global head of funds custody. She has also worked at Citco Fund…
Citi deploys bots to offer RT processing for matching & settlement in HK
Citi has launched a proprietary bot technology solution in Hong Kong to offer its securities services clients real-time processing for matching and settlement, giving them the ability to view their trade status consistently throughout the day and to activate stock borrowing in a timely fashion if needed. Citi’s solution uses bot technology to pull data…
HSBC launches ESG reporting service
HSBC has launched an ESG reporting service that provides asset owners and managers with independent measurement of how focused their listed asset investments are around ESG issues. The reporting service will consist of a monthly reporting dashboard, including portfolio-level analysis using ESG ratings and carbon emissions data. The service will use ESG scores and ratings…
BNY Mellon appoints Emily Portney as CFO
BNY Mellon has appointed Emily Portney as chief financial officer, effective immediately, succeeding Mike Santomassimo, who has informed the company of his decision to leave. Portney will report to Todd Gibbons, CEO, and will join the executive committee. Portney joined BNY Mellon in 2018 to run asset servicing for the Americas, and subsequently added responsibility…
BNY Mellon, HSBC appointed as custodians for Chimera’s Shariah ETF
Chimera Capital LLC, an Abu-Dhabi-based asset management firm and subsidiary of Chimera Investments LLC, has launched the Chimera S&P UAE Shariah ETF, a physical, in-kind, liquid and fully fungible ETF. Under the UAE’s Securities and Commodities Authority’s (SCA) fund regime, Chimera Umbrella Fund – the first SCA umbrella fund to be launched in the UAE…