The Maples Group has advised and supported ORIX Corporation, a Japanese financial services firm, on the launch of a USD2.5bn Japan-targeted private equity fund, in partnership with Qatar Investment Authority. This is the first time that ORIX has launched a fund with capital from an international third-party investor for domestic private equity investment in Japan.…
Month: December 2025
GPF appoints StanChart in Thailand
The Government Pension Fund (GPF) in Thailand has appointed Standard Chartered as its domestic custodian, responsible for the safekeeping of GPF’s domestic assets and sub-funds. Under the five-year mandate, the bank will provide services including asset safekeeping, settlement, corporate actions, cash management, and portfolio valuation. The domestic assets under custody are approximately THB1trn (USD31.7bn). GPF…
FLIRTING WITH DISASTER (ICYMI)
State Street has no discernible strategy and a largely unimpressive senior management team – no wonder it is losing ground in almost every one of its chosen markets. What, exactly, has gone wrong at State Street? It has slipped far behind BNY – and, increasingly, Citi – in terms of innovation, product development and client…
BBH wins HK ETF mandate
BBH has been appointed as custodian and administrator for a new ETF launched by ICBC UBS Asset Management (International) Company Limited (ICBCUBSI) in partnership with Krane Funds Advisors, LLC, domiciled in Hong Kong Brown Brothers Harriman Trustee Services (Hong Kong) Limited serves as trustee and registrar. The ICBC UBS KraneShares KWEB CSI China Internet ETF will…
Ultimus completes SCS fund conversion
Ultimus Fund Solutions has completed the final phase of a conversion of 49 hedge and private equity funds for SCS Financial to the Ultimus operating framework. SCS, a wealth and investment firm serving UHNW families with USD54bn AuM and advisement, initially partnered with Ultimus two years ago to design a new scalable operating model to…
Koudelka to step down at State Street
Frank Koudelka, one of the most highly respected ETF specialists in the industry, is to retire from State Street in 2026. Koudelka, who is the global ETF product specialist for the investment services business, joined State Street in 2007 following its acquisition of Investors Bank & Trust, where he previously worked. Godspeed to Frank and…
New CEO for Highvern/Permian
Highvern and Permian, which joined forces at the beginning of 2025 under the aegis of long-term investor Jacobs Capital, have appointed Caroline Connellan as group chief executive officer, effective 5 January 2026. Based in London, Connellan was most recently CEO of M&G Wealth. She succeeds Martin Hall, co-founder and CEO of Highvern for the past…
U.S. Bank & Ultimus support new BDC
Monroe Capital LLC, a U.S.-based private credit asset manager with c. USD22bn AuM, has launched the Monroe Capital Enhanced Corporate Lending Fund, a perpetual-life, continuously offered, non-traded BDC designed to provide retail investors access to Monroe’s direct lending strategy. U.S. Bank Trust Company has been appointed as custodian for the securities, with Ultimus Fund Solutions…
SimCorp appoints CPO
SimCorp, the Deutsche Börse-owned fintech, today has appointed Iyan Adewuya to the newly-created role of chief product officer. He will be based in New York, reporting to Marc Schröter, chief product & technology officer. Most recently, he was head of product for enterprise and private markets solutions at S&P Global Market Intelligence. Prior to S&P…
NTRS reports strong NA AO growth
Northern Trust has further strengthened its market-leading asset owner franchise in North America, reporting robust new business growth with pensions, endowments and other institutional asset owner clients, securing >100 mandates across key global markets in 2025. The new business represents > USD385bn in assets (as of Nov. 30, 2025).