U.S. Bank has been appointed to provide fund administration, transfer agency and global custody services for Pacer Financial’s three new European ETFs, which are the European version of three of Pacer’s Cash Cows strategies: Pacer Global Cash Cows Dividend UCITS ETF; Pacer US Cash Cows 100 UCITS ETF; and Pacer Developed Markets International Cash Cows…
Category: Bank Providers
Equip Super hires Northern Trust
Northern Trust has been appointed to provide asset servicing solutions, including global custody, fund administration and portfolio analytics services, to Equip Super, an Australian super fund. The transition of services took effect in April 2024. Headquartered in Melbourne, Equip Super offers super, financial advice and pensions to more than 140,000 members across Australia. As of…
Gen II appoints European ops head
Gen II Fund Services, the U.S.-based private assets administrator, has appointed Matt Le Noury as head of European operations, based in Guernsey, C.I. He was part of the Crestbridge PERE business that Gen II recently acquired, and has also worked for Citco and Northern Trust.
Northern Trust wins firefighters mandate
Northern Trust has been selected by the Firefighters’ Retirement System of Louisiana to provide asset servicing and data analytics capabilities for the USD2.4bn fund.
Qatar strikes first sec lending deal
The Qatar Stock Exchange and Edaa Qatar have overseen the first onshore securities lending and borrowing transaction in Qatar. HSBC acted as custodian and agent lender for this transaction while QNBFS acted as the borrower.
Swissquote expands with BNPP
BNP Paribas has been mandated by Swissquote, a provider of online banking, to provide custody services. The mandate expands the existing relationship between Swissquote and BNP Paribas, which covers execution for cash equities, to include global and local custody services for Swissquote’s portfolio of assets in European markets.
Nest moves to Northern Trust
Northern Trust has been appointed by Nest as its new fund administrator, replacing the current provider when the contract expires in October 2025. Northern Trust will provide services including custody, asset allocation and rebalancing, and performance measurement. Nest was set up to ensure every UK employer could offer a workplace pension to their employees. It…
BNY Mellon hires from J.P. Morgan
BNY Mellon has hired Sid Patel from J.P. Morgan as a senior director in the asset servicing business development organisation. Patel, who has also worked at BBH, is based in Boston.
NTRS wins Cornerstone FTM mandate
Cornerstone FTM, a fintech-focused investment fund, has selected Northern Trust and its strategic partner, Equity Data Science (EDS), for the Research Management System (RMS) and Portfolio Construction solutions. Cornerstone will also leverage Northern Trust’s custody and hedge fund administration services, and data visualisation and ingestion capabilities from EDS. RMS and Portfolio Construction are data-driven tools…
BK appoints Japan country head
BNY Mellon has appointed Kunio Watanabe as Japan country executive and representative for its Tokyo branch. He is responsible for leading the BNY Mellon business in Japan and will be a member of the Asia Pacific Leadership Council. He joins from Nomura, where he most recently held the role of executive chairman of Nomura Holding…