Two mandates for HSBC Securities Services: HSS has been appointed as custodian and administrator for International Asset Management’s UCITS and AIF ICAV multi manager platforms, domiciled in Ireland. As part of the mandate, HSS will provide custody, trustee, transfer agent, fund administration and other related banking services. Kommunalbanken, a local government funding agency wholly owned…
Category: Mandates
NES to service InvestNewMexico’s OZ fund
NES Financial has been appointed to provide OZ fund administration services to InvestNewMexico.us (INM), a New Mexico–based partnership focused on affordable and sustainable housing, agriculture, film, technology transfer and emerging media industries. This follows NES’s recent announcement that it is now servicing 50 OZ funds.
HSS appointed as administrator for first OFC in Hong Kong
HSBC Securities Services has been appointed the custodian and fund administrator for Pacific Hawk Global OFC, the first open-ended fund company launched in Hong Kong. The assets of OFCs must be segregated from those of the investment manager and entrusted to a separate, independent custodian for safekeeping. An OFC must appoint a custodian which meets…
SGSS to service Italian healthcare fund for Primonial
Société Générale Securities Services in Italy has been mandated by Primonial Luxembourg Real Estate to provide depositary and fund administration services for its Primonial Italian Healthcare Fund. Primonial is an independent asset manager based in France.
SGSS to service Alpha Real Capital’s UK PAIF
Société Générale Securities Services has been appointed by UK-based Alpha Real Capital LLP to provide custody and depositary services. SGSS is providing custody and depositary services to Alpha Real Capital’s new UK property authorised investment fund (PAIF).
Daiwa AM hires Lemanik as ManCo for Lux UCITS funds
Lemanik Asset Management, a third-party management company, has been appointed by Daiwa Asset Management to provide ManCo services for a newly launched range of Luxembourg UCITS funds. RBC was recently appointed as custodian and administrator for the funds.
U.S. Bank appoints HSBC for Saudi sub-custody
U.S. Bank now offers investors access to the Saudi Arabia market. HSBC Saudi Arabia will act as sub-custodian and Saudi Arabia British Bank as cash correspondent bank. HSBC and SABB will provide U.S. Bank with local custody and cash clearing services for investment services clients investing in Saudi Arabia through the qualified foreign investor (QFI)…
BNP Paribas to service Nikko Asset Management’s first passive ETF
BNP Paribas Securities Services has been appointed as custodian and administrator for Nikko Asset Management’s first passive ETF, domiciled in Hong Kong. As part of the mandate, BNP Paribas will provide middle office, custody services, trustee, transfer agent and fund administration. This expands an existing relationship between Nikko Asset Management and BNP Paribas.
Petroleum Development Oman hires State Street
State Street has been appointed by the Omani Staff Pension Fund for Petroleum Development Oman to provide custody and investment servicing solutions for >USD2.3bn AuM. PDO has been a client of State Street Global Advisors for several years, and this mandate represents a new collaboration for one of Oman’s largest private sector employers with State…
Paloma Partners hires SS&C GlobeOp for fund services
Paloma Partners, a U.S.-based hedge fund manager, has appointed SS&C GlobeOp for fund accounting, administration and regulatory services, using SS&C Geneva as the general ledger accounting platform. Paloma manages approximately USD4.8bn.