Category: Offshore

Northern Trust has been appointed to provide fund accounting, transfer agency and global custody services to Fundsmith’s Luxembourg-domiciled umbrella, Fundsmith SICAV. Fundsmith SICAV was launched in 2011 and currently has EUR6.4bn (USD7.6bn) AuM. At launch, State Street/IFDS were appointed to provide fund administration, custody and TA to the fund. Headquartered in the UK, Fundsmith has…

FundRock, a European third-party UCITS ManCo and AIFM that is owned by Apex, has expanded its relationship with sustainable impact investor WHEB Asset Management LLP to provide distribution services through FundRock Distribution S.A. In an extension of FundRock’s existing role as ManCo for WHEB’s Irish ICAV and ACD for WHEB’s Sustainability OEIC, WHEB has appointed…

CSC, a U.S.-based service provider, has secured a specialised depositary licence from the Central Bank of Ireland. This follows CSC’s Irish fund administration licence in 2020. CSC anticipates fund administration and depositary licenses in Luxembourg will follow shortly, which will complement existing service offerings in Ireland and the Netherlands.