HSBC has been appointed trustee, custodian and fund administrator for the first two ETFs in Hong Kong under the cross-listing scheme between Hong Kong and mainland China. Financial regulators in both markets have authorised Hang Seng Investment Management and CSOP Asset Management to launch Hang Seng Harvest CSI 300 Index ETF and CSOP Yinhua CSI…
Category: Mandates
Kieger appoints Northern Trust to administer Lux funds
Kieger AG a Swiss-based asset manager, has appointed Northern Trust to provide fund administration, global custody, depositary and currency management services for its Luxembourg-domiciled funds. Founded in 2000, Kieger manages assets focused on healthcare, sustainability, private equity and multi-asset portfolios. Its Luxembourg funds are structured as SICAVs and FCPs.
SHUAA Capital appoints Apex to support new GCC fund
Apex has been appointed to provide fund administration to the USD200m Financing Opportunities Fund of SHUAA Capital psc, an asset management and investment banking platform based in the UAE. Apex will deliver services including financial reporting, investor communication, capital transactions and accounting support. SHUAA has USD13bn in AuM.
Ultimus supports innovative PE interval fund for Primark
Ultimus Fund Solutions has supported the launch of Primark Private Equity Investments Fund, an interval fund that focuses on private equity and gives non-accredited retail investors access to private equity market investment opportunities. The fund was launched by Primark Capital through a Delaware statutory trust. Ultimus facilitated the fund launch and provides daily administration, accounting…
21Shares appoints Sudrania for ETP support
21Shares, a Swiss asset management firm, has selected Sudrania Fund Services to provide fund and portfolio accounting services for its digital asset ETPs products on the SIX Swiss Exchange. Sudrania will provide daily NAVs as well as reporting and data management.
Citi to service REITs ETF for Samsung AM in Hong Kong
Citi has been appointed by Samsung Asset Management (Hong Kong) Limited to provide custody, fund administration and trustee services for the first pure real estate investment trusts (REITs) ETF to be set up and listed in Hong Kong. Samsung launched its S&P High Dividend APAC ex NZ REITs ETF on the Hong Kong Stock Exchange…
Citi to service new family of ETFs for Emles Advisors
Citi has been appointed by Emles Advisors to provide securities services for its new family of four ETFs. Citi will provide fund administration, global custody, transfer agency and ETF services. Emles Advisors is a new asset management firm based in New York.
Aztec supports Nordic Capital’s EUR6.1bn Fund X
Aztec Group, the C.I.-based administrator, has supported Nordic Capital with the fundraising activities and final close of Nordic Capital Fund X. Raising EUR6.1bn (USD7.2bn) at final close, Fund X is the largest fund that Nordic Capital has raised. The fund, launched in April 2020, was oversubscribed at its hard cap, and was raised in less…
HSBC to service Haitong’s ESG ETF in Hong Kong
HSBC has been appointed as the securities services provider by Haitong International Asset Management (HK) Limited for Haitong MSCI China A ESG ETF, the first broad-based ESG ETF listed on the Hong Kong Stock Exchange. Haitong is based in Hong Kong.
Northern Trust expands relationship with Driehaus
Northern Trust has expanded its relationship with Driehaus Capital Management, a U.S.-based asset manager. Northern Trust will provide fund accounting, fund administration, regulatory administration, transfer agency and global custody services to the Driehaus Mutual Funds. Northern Trust was appointed in 2009 to provide global custody and related services to Driehaus entities, including the Driehaus Mutual…