Citco has launched a new service designed to help fund managers review and assess potential withholding tax reclaims for their end investors. Citco Withholding Tax Reclaims Analysis provides insights into the costs, benefits, and likelihood of success of reclaims in different jurisdictions globally.
Year: 2024
BBH automates with Allfunds
BBH has automated account openings with Allfunds, a B2B wealthtech platform for the fund management industry. This digital and automated solution from BBH creates a standardised electronic messaging system to facilitate the end-to-end, straight-through processing API account opening solution, resulting in a much faster account opening time. By digitizing this process, users of the platform…
FundGuard raises USD100m
FundGuard, the cloud-native, AI-powered, multi-asset class investment accounting platform for asset managers, asset owners, custodians and fund administrators, has closed its Series C funding round, amounting to USD100m. This latest round of investment – led by Key1 Capital and new investors including Euclidean Capital and funds managed by Hamilton Lane – also had participation from…
Zurich launches ELTIF
Zurich Insurance Group has launched its first European Long-Term Investment Fund (ELTIF 2.0), aimed at providing individual investors and life insurance customers with access to opportunities in the private debt asset class. The fund is a sub-fund of Zurich Global Private Asset Solutions SICAV S.A. and is intended to be the first in a series…
CRD wins f/o mandate in Australia
Charles River Development, a State Street company, has been appointed by Perpetual Group to manage front office operations for its Australian asset management business. Perpetual’s Australian asset management business will adopt Charles River IMS to manage its domestic and global portfolios, order and execution, compliance, post trade processing and front office data. Perpetual completed the…
Enfusion expands brief with Kayne Anderson
Enfusion, a SaaS platform provider for investment managers, has completed the second phase of a strategic investment management platform migration by Kayne Anderson. Kayne Anderson is a U.S.-based alternative investment management firm focused on real estate, infrastructure, energy, credit, and growth capital, with >USD34bn AuM. The first phase focused on order and execution management. The…
Euroclear partners with iCapital
Euroclear has formed a partnership with iCapital, the global fintech platform specialising in the alternative investment marketplace for the wealth management industry. With this partnership, Euroclear’s clients will gain enhanced access to a broader range of alternative investments, including private equity, private credit, real estate, infrastructure, and hedge funds. The iCapital funds available on iCapital…
IQ-EQ supports new Faros Point fund
IQ-EQ is providing administrative support for Faros Point Capital Management following the launch of a new credit fund. Faros Point engaged IQ-EQ to provide regulatory and compliance services in the UK and Ireland. G10 Capital Limited, an IQ-EQ subsidiary, is providing UK Investment Management and Appointed Representative services, while IQ-EQ Fund Management (Ireland) Limited has…
SWP offers access to third-party data
U.S. wealth managers using the SEI Wealth Platform (SWP) can now view and manage assets held with third party custodians through integration with SWP’s proprietary core accounting engine. Six U.S. wealth management clients are currently using this capability through SWP, with more than a dozen preparing for future deployment. Currently, more than 230 third-party custodians…
Northern Trust appoints Paulin to new role
Northern Trust has appointed Gary Paulin to the newly created role of head of international enterprise client solutions. Paulin will focus on strengthening relationships with key Northern Trust clients across EMEA and AsPac at the highest levels of their organisations. Paulin, who was most recently head of global strategic solutions for asset servicing, will continue…