Citi has been appointed by Sun Life Asset Management (HK) Limited as trustee, custodian, fund administrator and transfer agent for the Sun Life AM Hong Kong ESG Index Fund, Sun Life’s first fund to be registered in Hong Kong. The fund will track the Hang Seng ESG 50 Index.
Category: Headlines
Crestbridge appoints Dean Hodcroft as CEO
Crestbridge, the C.I.-based provider of fund and corporate services, has appointed Dean Hodcroft as its incoming CEO. Hodcroft will succeed Graeme McArthur as the group’s CEO with effect from 1 July 2021. Hodcroft joins from Cale Street Partners, a real estate investor, where he was CFO. He will be based in Jersey.
Deutsche Borse to acquire 80pct of ISS
Deutsche Börse AG, Institutional Shareholder Services Inc. and Genstar Capital LLC have reached an agreement for Deutsche Börse to acquire a majority share of approximately 80pct in ISS, valuing ISS at USD2,275m (EUR1,925m). Genstar Capital and current management will continue to hold a stake of approximately 20pct. The transaction is expected to close in the…
FNZ to acquire Silica from Ninety One
FNZ, a global wealth management platform with over EUR700bn in assets under administration, has agreed to acquire South African third-party administrator Silica from Ninety One. Silica was established by Ninety One (then Investec Asset Management) in 1999 and provides third-party administration and related technology solutions to asset managers and investment product providers (including Ninety One)…
U.S. Bank to adopt SEI Wealth Platform
U.S. Bank, the fifth largest bank in the U.S. and one of the world’s top 10 custodians, has adopted the SEI Wealth Platform (SWP) across its wealth management and investment services group. SWP is a fully integrated, single-infrastructure technology solution that supports a digital experience for wealth managers and their clients. U.S. Bank will migrate…
Apex partners with RepRisk for private markets ESG data
RepRisk, an ESG data science firm based in Switzerland, and Apex, a global financial services provider, have entered into a strategic partnership to expand access to material ESG risk data for private markets participants. Apex manages the independent collection of data for investors from their underlying portfolio investments to deliver real time ESG analysis. Apex’s…
Alter Domus opens Cayman office
Alter Domus, the Luxembourg-based provider of solutions to the alternative investment industry, has opened an office in the Cayman Islands. David Boyd has been appointed Cayman country executive, leading Alter Domus’ Cayman Islands fund administration, corporate and fiduciary services. He will report directly to Paul Woods, regional executive for North America. He joins from Forbes…
Carlyle leads new equity investment for Apex
The Carlyle Group has led a preferred equity investment for Apex Group, the Bermuda-based global financial services provider. Apex will use the capital to support ongoing growth and acquisition activities, including its previously announced acquisitions of Luxembourg-based FundRock and Banco Modal’s alternative fund administration business in Brazil. Carlyle recently agreed to buy a majority stake…
EFA to service new Lux fund for Piquemal Houghton
EFA, the Luxembourg-based administrator which has AuA of EUR136bn (USD162bn), has been appointed to provide fund administration services to a newly launched fund from Piquemal Houghton, a Paris-based asset manager registered with the AMF. The Luxembourg-domiciled UCITS fund has been approved by the CSSF. EFA will provide services including NAV calculation, risk and compliance, performance…
Sanne hires Mark Grenyer as head of client operations
Sanne, the UK-listed provider of alternative asset and corporate business services, has appointed Mark Grenyer as head of client operations. Based in Jersey, he joins from JTC, where he was head of funds.