Citco, the asset servicing provider to the alternative investment industry, has made the Citco Collaboration Platform available to a wider range of private markets clients, and added further functionality. The platform, which allows clients to carry out a variety of interactions with Citco through a single window via CitcoOne, now serves not only private equity…
Category: Product
Northern’s FOS gains global mandates
Northern Trust has reported an expanding global presence for its Front Office Solutions (FOS) business, with the addition of new clients in EMEA. FOS has recently been deployed by three organisations – an asset manager, a university endowment and a pension fund – in EMEA with approximately USD75bn in assets. Globally, FOS has nearly USD500bn…
Standard Custody partners with GSR
Standard Custody & Trust Company, the regulated limited purpose trust company and qualified custodian owned by PolySign, is working with GSR Markets Limited, a digital asset liquidity provider and trading firm, to support its escrow services. Standard Custody has created an escrow solution that clients can leverage through its collaboration with GSR and other trading…
Formidium launches tax module
Formidium, a U.S.-based provider of fund technology and back-office solutions, has released a tax allocations and returns module for its fund accounting software, Seamless. The tax allocations module streamlines the process of tax allocations, federal/state returns preparation, tax schedules such as K1s, and returns such as 1099s and 1042s, for SPVs, hedge funds, venture funds,…
Xceptor and Taskize form partnership
Xceptor, a data automation platform provider, and Taskize, the Euroclear-owned provider of inter-company workflow, have formed a partnership to supply financial institutions and energy firms with improved counterparty experiences and operational efficiencies. The partnership combines Taskize’s ability to reduce the volume of operational emails and provide greater clarity and real-time management information, with Xceptor’s platform…
TMF expands in Malta
TMF Group, the Netherlands-based provider of business administration services, plans to acquire Avanzia Taxand in Malta. Avanzia Taxand provides tax advisory and tax compliance services, as well as a suite of corporate services, including domiciliation, accounting and directorship. Completion of the transaction is subject to regulatory approvals.
HSBC launches ETF platform
HSBC has launched ETF Platform Solutions, its new end-to-end platform providing asset servicing solutions to ETF issuers globally. Under a single offering, ETF issuers will have access to HSBC’s markets & securities services capabilities, such as: ETF order management, PCF production, and custom ETF NAV attribution analysis; AP services including ETF seeding and HSBC’s ETF…
HIGHVERN hires from Intertrust
HIGHVERN, the C.I.-based administrator, has appointed Daniel Jaffe as group head of institutional services, based in London. He was most recently at Intertrust.
Deutsche Börse to buy out FundsDLT partners
Deutsche Börse Group is to acquire the remaining shares in FundsDLT. The Luxembourg-based company is a decentralised platform based on DLT for end-to-end fund distribution and processing. The acquisition is expected to be completed in the fourth quarter 2023 or the first quarter 2024, subject to regulatory approval. The acquisition of all outstanding shares of…
State Street consolidates in India
State Street is streamlining its operating model in India and intends to assume full ownership of the company’s joint venture with the Atos Group (originally established with Syntel, Inc.). This consolidation is expected to be complete by the fourth quarter of 2023. State Street has a long-standing presence in India and has partnered with Syntel/Atos…