Bill Muia has joined SS&C as a director of business development, based in the U.S. He was previously at HSBC, and has also worked for RBC.
Category: RBC
Perpetual switches to State Street in Australia
Perpetual Investment Management Limited, the Australia-based asset manager, has appointed State Street to provide custody and fund administration services. State Street will provide core custody, middle office, administration, valuation, accounting and tax reporting services to the funds managed by Perpetual. In addition, Perpetual will leverage State Street’s enterprise data platform to manage data across the…
Citi appoints Justin Burman to lead fund services in Australia
Citi has appointed Justin Burman as Australia product head for fund services. The appointment comes as Citi continues to transition clients from RBC, following a client transfer agreement finalised in March 2020. Burman has worked at BNP Paribas and, most recently, at RBC.
Daniel Hickey joins RBC as global head of network management
RBC Investor & Treasury Services has appointed Daniel Hickey as global head of network management, based in the UK. He joins from Barclays Bank, where he was head of EMEA network management. Hickey inherits a completely revamped network that was rationalised through a project known as Network 2.0, reducing the number of providers from 23…
Milestone hires Marian Azer to head Asia Pacific
Milestone Group, the fund industry fintech firm, has hired Marian Azer as managing director for Asia Pacific, based in Sydney. Reporting to London-based CEO Paul Roberts, Azer will have overall responsibility for market engagement, client success and go-to-market strategy across APAC, with particular emphasis on the Australian and New Zealand markets. Most recently, she was…
RBC to service Presima’s real estate yield fund
RBC Investor Services has been appointed to provide custody and administration services for the Presima Yield Fund. Headquartered in Montreal, Presima focuses on real estate securities, and is a wholly-owned subsidiary of MLC Asset Management.
SMP to buy RBC Corporate Services in Hong Kong
The SMP group of companies, a global professional and financial services group based in the Isle of Man, has agreed to acquire RBC Corporate Services Hong Kong Limited, a division of RBC Investor & Treasury Services. The transaction is subject to regulatory approval. The deal is supported by Palatine Private Equity LLP, a UK private…
Citi and RBC sign client transfer agreement for Australia
Citi has finalised a client transfer agreement with RBC Investor & Treasury Services in Australia. The announcement follows Citi and RBC signing a memorandum of understanding in November 2019, with the intent to facilitate an orderly transfer of the RBC client base to Citi over a 12-24 month period. The transaction will enable Citi’s securities…
CANDRIAM to move from RBC to CACEIS
CACEIS has finally confirmed that CANDRIAM, the French asset manager, will migrate asset servicing activities (custody, fund administration, transfer agency) for its Luxembourg and French funds from RBC I&TS to CACEIS. The migration will start at the end of March 2020, following approval by the competent regulatory authorities. It will take place in three waves…
RBC launches collateral management service
RBC Investor & Treasury Services has launched its collateral management service. This middle office solution centralises and interprets collateral management data to help asset managers comply with BCBS and IOSCO rules for non-cleared derivatives. RBC has deployed technology provided by CloudMargin via IHS Markit. The service includes: Centralisation of standing settlement instructions and CSA contracts;…