Ultimus Fund Solutions, a U.S.-based provider of fund administration, accounting, and investor solutions, has supported Beacon Capital Management in the launch of its first series of ETFs. Beacon, an investment advisory firm managing c. USD5.1bn and specialising in delivering separately managed account (SMA) strategies to the independent RIA, broker-dealer, and regional bank channels, sought diversification…
Category: ETF
State Street launches ETF portal in Australia
State Street has launched its Fund Connect ETF Portal in Australia. The portal offers online access for the creation and redemption of ETFs. This follows the 2022 launch of the platform in Singapore. Fund Connect ETF acts as a conduit between APs and issuers globally. It provides a single point of access to approximately 1,100…
BBH strengthens EMEA sales team
Brown Brothers Harriman has expanded its investor services sales team in Europe. David Murphy and Andrea Murray join BBH as European business development managers for alternatives and ETFs respectively, while Holly Gardner takes on the role of head of business development for Luxembourg. Murphy joins BBH’s alternatives team after most recently leading business development at…
State Street to service abrdn’s European ETF
State Street has been appointed by abrdn, the UK-based asset manager with GBP500bn (USD643bn) AuM, to service its first actively managed ETF in Europe, the abrdn Global Real Estate Active Thematics UCITS ETF. State Street will provide abrdn with custody, fund accounting, order-taking, transfer agency and ETF servicing.
BNPP partners with ULTUMUS
ULTUMUS, the ETF fintech owned by SIX Group, is forming a strategic partnership with BNP Paribas’s securities services business for ETF servicing agent capabilities. As part of the partnership, BNPP will leverage ULTUMUS’ create/redeem COSMOS platform. The COSMOS platform has been selected to handle the lifecycle of the bank’s ETF-related operations, from approving new creation…
Ultimus supports Hypatia ETF launch
Ultimus Fund Solutions, the U.S.-based independent provider of fund administration, accounting, middle office, and investor solutions, has supported the launch of Hypatia Capital’s first ETF. The fund, the Hypatia Women CEO Fund, will invest in established, women-led businesses. Hypatia Capital, a New York based Registered Investment Advisor, focuses on sponsoring female CEOs and investors within…
Citi wins Fubon ETF mandate
Citi has been selected by Fubon Fund Management (Hong Kong) Company Limited to provide a range of custody and fund services for Fubon’s latest thematic ETF, Fubon ICE FactSet Asia Battery and Energy Storage Technology Index ETF, recently listed in Hong Kong. Citi will provide custody, fund accounting and administration, ETF processing, and registrar services,…
State Street upgrades ETF E2E service
State Street has expanded its Alpha front-to-back asset servicing platform to support the entire ETF lifecycle with front, middle and back-office capabilities, underpinned by the State Street Alpha Data Platform. The new offering integrates Charles River Development’s front office products with State Street’s ETF servicing capabilities to deliver end-to-end processing for ETF issuers across the…
BBH hires ETF veteran from Vanguard
Brown Brothers Harriman has hired Tim Huver to join its ETF team. In this role, Huver is responsible for executing the firm’s ETF servicing growth strategy in the U.S. by fostering new client relationships and providing consultative services to help managers build a comprehensive ETF operating model. Huver joins BBH from Vanguard, where his 23-year…
JTC supports Valour’s ETP launch
JTC Group, together with Carey Olsen, have supported Canada-based digital asset manager Valour Inc.’s new digital asset ETP programme in Jersey, C.I., which will be offered to investors across the European Union. The ETPs will provide investors with access to a variety of cryptocurrencies and other digital assets via a regulated stock exchange. Issued by…