Vontobel Asset Management, the Swiss asset manager with CHF120bn (USD135bn) AuM, has signed a multi-year service agreement with State Street, under which Vontobel will deploy State Street Alpha, the integrated front-to-back investment servicing platform. The partnership will include front office technology, investment operation services, Alpha data services and liquidity risk solutions. Felix Lenhard, Vontobel COO…
Category: Mandates
Cecabank chooses Broadridge for global proxy voting solution
Cecabank S.A., one of the largest global custody banks in Spain, has selected Broadridge Financial Solutions, Inc., a fintech provider, for its global proxy voting solution.
SGSS to act as depositary for new RE fund in Italy
SGSS in Italy has been chosen by Invimit SGR, a company owned by the Ministry of Economy and Finance, to provide depositary bank services for its new Dante real estate fund.
Perpetual switches to State Street in Australia
Perpetual Investment Management Limited, the Australia-based asset manager, has appointed State Street to provide custody and fund administration services. State Street will provide core custody, middle office, administration, valuation, accounting and tax reporting services to the funds managed by Perpetual. In addition, Perpetual will leverage State Street’s enterprise data platform to manage data across the…
Commerz Real appoints BNP Paribas as depositary for new LTIF
Commerz Real AG, a subsidiary of Commerzbank, has appointed BNP Paribas in Luxembourg as depositary bank for its European Long Term Investment Fund, KLIMAVEST. The fund’s policy is to invest in renewable energies, infrastructure, transport, mobility and forestry. The goal of this public fund, distributed in Germany, is to invest EUR25bn.
Cramer Rosenthal McGlynn moves mutual funds to Ultimus
Ultimus Fund Solutions, a U.S.-based provider of fund servicing solutions, has been retained by Cramer Rosenthal McGlynn, LLC, a U.S. manager with c. USD3.3bn AuM. Under the agreement, Ultimus will provide fund accounting, administration, transfer agency and shareholder services to five CRM mutual funds with >USD1bn AuM.
Janus Henderson appoints BNY Mellon for global data management solution
Janus Henderson, the UK-headquartered manager with USD358bn AuM, has appointed BNY Mellon to implement a global data management platform that will help improve the quality and ease of access to investment information across the enterprise. The cloud-based solution supports the data platform transformation strategy of Janus Henderson and will consolidate sources of information into one…
Westwood outsources trading to Northern Trust
Northern Trust has been selected by Westwood Holdings Group to provide outsourced trading through its Integrated Trading Solutions service. In this role, Northern Trust will assume responsibility for equity and fixed income trading and middle office trade settlement support for the USD12bn asset manager.
Aztec supports Highland Europe’s latest fund launch
The Aztec Group, a C.I.-based fund and corporate services provider, has supported Highland Europe with the fundraising activities and final close of its latest fund, Highland Europe Technology Growth IV Limited Partnership. The fund closed with commitments totalling EUR700m. Aztec Group will provide ongoing administration and accounting services from its Jersey office.
Temple Bar Investment Trust appoints Link as administrator
Temple Bar Investment Trust has appointed Link Group as AIFM, fund administrator and company secretary. Link Fund Solutions will provide AIFM and fund administration services, while Company Matters, Link Group’s company secretariat team, will be company secretary.