HSBC in China has facilitated the first interest rate swap trade by an overseas institutional investor through the central counterparty clearing model in the China interbank market. This new channel allows HSBC’s international clients to tap into the world’s second largest bond market while also adding to their risk mitigation capabilities. HSBC acted as the…
Category: Headlines
Centaur secures equity investment from FTV Capital
Centaur Fund Services, the Dublin-based provider of administration and regulatory services for the alternative investment fund industry, has secured an equity investment from FTV Capital, a U.S.-based private equity firm. Ronan Daly, Karen Malone and Eric Bertrand, Centaur’s founders, will continue their leadership roles and remain significant shareholders in the company. As part of the…
Aztec to service Luxgrove’s Jersey real estate fund
Aztec Group, the C.I.-based administrator, been selected to provide administration services to Luxgrove Capital Partners, a UK-based real estate investment manager. Aztec will provide a range of administration, accounting and governance services to Luxgrove’s Residential Value Add Fund, which is incorporated as a Jersey private fund.
BNY Mellon shakes up asset servicing management team
BNY Mellon has announced a major reorganisation of its asset servicing senior management team. Hani Kablawi, previously CEO of asset servicing, will become head of international, which includes the bank’s regional management teams across EMEA, APAC and LATAM. In addition, he will remain chairman of EMEA, and will retain oversight of client coverage for asset…
HSS hires Frederic Van Ingelgom for bus dev role in Lux
HSBC Securities Services has hired Frederic Van Ingelgom as head of business development & client management for asset owners & managers in Luxembourg. He will report to Paul Heffernan, head of business development & client management, asset manager sector, HSS Europe, and Niccolo Polli, chief executive officer, HSBC Luxembourg. He joins from BBH where he…
Intertrust acquires Round Hill’s legal, corporate & acctg services team
Intertrust, the Netherlands-based provider of corporate and fund solutions, has signed a strategic agreement with Round Hill Capital, a UK-based real estate investment, development and asset management firm. The deal sees Intertrust acquire the legal, corporate and accounting services team of a subsidiary of the global firm. Whilst continuing to provide dedicated ongoing support to…
Citco hires Elaine Furnari as head of loan servicing
Citco has appointed Elaine Furnari as head of loan servicing at Citco Fund Services (USA) Inc. She will manage the expansion of Citco’s loan servicing offering and joins after nine years as senior vice president and head of commercial loan support at HSBC.
Joe Greenwell joins Aztec for UK business development
Aztec Group, the C.I.-based administrator, has appointed Joe Greenwell as associate director of business development in the UK. He will be responsible for identifying and developing business opportunities in both the real assets and private debt sectors. Greenwell has more than 10 years’ experience supporting private debt, infrastructure, real estate and private equity clients. He…
J.P. Morgan takes stake in Arcesium
J.P. Morgan has taken a stake in Arcesium, the U.S.-based investment management technology and professional services firm. The investment deepens Arcesium’s strategic partnership with J.P. Morgan, including its securities services business, which already uses Arcesium’s technology for some parts of its alternative fund servicing operation. Terms of the investment were not disclosed.
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…