Category: Independents

Knights of Columbus Asset Advisors has expanded its relationship with SEI across technology, operations, asset management, and advisor services for its individual and institutional wealth management business. KoCAA is transferring >USD500m to the SEI Wealth Platform.

Direxion, a provider of tradeable and thematic ETFs, has selected SS&C ALPS Distributors to provide medallion distribution services for its ETF and mutual fund range. Direxion manages more than USD40bn across a diverse suite of leveraged and inverse ETFs and mutual funds. SS&C ALPS Distributors will act as the underwriter and distributor for issuance, redemption…

Phoenix Venture Partners has received approval of an Abu Dhabi Global Market (ADGM) fund manager licence. Phoenix Ventures is a specialist investment and asset management firm with a focus on early stage, technology-based investments across multiple industry segments. Apex will provide corporate and fund services to the company and its first fund, which is set…

Alter Domus, the Luxembourg-based provider of fund administration, asset and corporate services for the alternative investment industry, has signed an outsourcing partnership with Partners Group, one of the largest firms in the global private markets industry. The partnership sees Alter Domus support a broad range of operational functions for Partners Group’s closed-end product offerings, spanning…

Pirum, the fintech focused on securities finance and collateral management, has launched Pirum TradeConnect, a global, standardised and open pre-trade connectivity solution for equities and fixed income, fully integrated with Pirum’s established post-trade services. Pirum TradeConnect provides the ability to connect with any counterpart bilaterally, as well as directly with multiple venues, in any format,…

JTC, the C.I.-based services provider, plans to acquire Citi Trust, the global fiduciary and trust administration services business, from Citigroup. Citi Trust provides trust solutions from New York, Delaware, South Dakota, Jersey, Singapore, Switzerland and the Bahamas. Total AuA serviced by Citi Trust is >USD70bn across over 2,000 UHNW client relationships, with an average tenure…