Northern Trust has been appointed to provide asset servicing services to True Potential, a UK-based wealth management firm, supporting GBP26bn (USD33bn) of AuM. Northern Trust is providing fund accounting, custody, depositary and transfer agency services to True Potential’s OEIC UK-domiciled fund range. This range supports all True Potential’s investment products and assets under management.
Category: Bank Providers
Pandiri leaves Apex
After less than a year in the post, Samir Pandiri has left Apex, where he was group president. He joined Apex in May 2023, taking responsibility for operations, technology product innovation, risk and human resources. Apex confirmed that he had left the company, but did not comment further on the circumstances of his departure. Pandiri…
SimCorp expands in Australia
SimCorp, the fintech owned by Deutsche Börse Group, has appointed Enzo Cotroneo as country manager for Australia. He joins from HSBC, and has also worked at Citi and J.P. Morgan. SimCorp and Challenger, the Australian investment management firm, established Artega Investment Administration in 2022. Artega offers front, middle, and back office solutions tailored for investment…
VanEck selects Gemini
VanEck, the U.S.-based fund manager with USD76.4bn AuM, has named Gemini as BTC custodian for its recently approved bitcoin ETF under the ticker HODL, which is listed on the Cboe BZX Exchange. State Street is the custodian of cash, fund accountant, transfer agent, ETF basket servicer and order-taker.
HornbyChapman hires for APAC
HornbyChapman, the UK-based asset servicing and post-trade recruiter, has appointed Andy Allen as managing director and head of sales, APAC. Allen was most recently head of APAC ex-Malaysia for RBC’s investor services business, and has over thirty years’ post-trade experience in Hong Kong, Singapore, Kuala Lumpur, Sydney and London. The appointment follows the recent hiring…
U.S. Bank wins multi-domicile mandate
U.S. Bank has been appointed by Monroe Capital LLC to provide custody, fund administration and depositary services for its new fund structure, Monroe Capital Private Credit Fund V, including Luxembourg, U.S. and Irish entities. Monroe Capital has a 20-year track record in direct lending/private credit.
Manaos wins major client mandate
La Mutuelle Générale, a provider of health and retirement insurance in France, has selected Manaos, a BNP Paribas data management platform, for its ESG data collection and reporting needs. As part of the mandate, La Mutuelle Générale will use Manaos for the production of financial reports on climate and biodiversity. These reports will serve as…
SGSS to support Schroders’ ELTIF 2.0
Schroder Investment Management (Europe) S.A. has launched Schroders Capital – Private Equity ELTIF 2023, its first Luxembourg-domiciled ELTIF 2.0 private equity fund distributed in France and internationally. Schroders is one of the first asset managers to market an ELTIF 2.0 to French retail clients. SGSS has been selected by Schroders as centralising agent in France…
IQ-EQ hires industry veteran
IQ-EQ, the Luxembourg-based administrator, has hired industry veteran John Gout as Continental Europe sales director for funds & institutional asset owners. He joins from BNP Paribas where he was a senior business development manager, responsible for sales management, client relationship development and project management. He has also worked at J.P. Morgan, Northern Trust and Citi.…
ZILO raises GBP25m
ZILO, the UK-based fintech specialising in the global asset and wealth management sector, has completed a GBP25m (USD32m) Series A funding round. The fundraising, which was oversubscribed, was co-led by Fidelity International Strategic Ventures and Portage, with participation from State Street and Citi. In 2023 ZILO onboarded the first client to its global digital transfer…