Universal Investment Group has agreed with Advisense Group AB, the sole shareholder of FCG Fonder AB, for the acquisition of FCG Fonder AB by UI, subject to approval by Finansinspektionen, the Swedish regulatory authority. FCG Fonder is a Swedish provider of third-party ManCo and fund administration services with EUR4.6bn (USD5.4bn) AuA. The deal will add…
Year: 2026
CRD expands PA support
Charles River Development, a State Street company, plans to expand its support of private market assets within the unified managed accounts capabilities. The offer aims to provide a streamlined and integrated solution with advanced portfolio management capabilities across public and private assets within a single portfolio. The expanded solution is intended to address the administrative…
JTC opens in Brazil
JTC, the C.I.-based administrator, has opened an office in São Paulo, Brazil. The office will offer corporate, fund and private client services for local and foreign businesses.
TMF wins new fund mandate
TMF Group, a European provider of private market fund administration services, has won a mandate to be the fund administrator for Innovation X Capital Partners III, a new fund of Innovation X Advisors LLC. With this deal, Innovation X Advisors expands its partnership with TMF Group, which started in 2019. TMF Group has been appointed…
Fundsmith expands with SS&C
Fundsmith, the UK-based asset manager, has expanded its relationship with SS&C to include support for the launch of its Fundsmith Equity ETF in the U.S. Fundsmith will use SS&C for fund administration, accounting, compliance, legal and distribution services. SS&C will also provide trading and capital markets services through SS&C ALPS Series Trust. Fundsmith manages total…
Altum hires for UK RE team
Altum Group, a C.I.-based-provider of fund, corporate and family office solutions, has appointed Matt Philpott to the firm’s real estate team in the UK. He will support the delivery of administration and relationship management, overseeing complex portfolio transitions, ensuring consistent communication with directors, and providing oversight on structuring, governance and onboarding processes.
State Street to link with QNB
State Street and QNB Group plan to form a strategic alliance to introduce a new custody servicing model in Qatar. Under this co-operation agreement, State Street and QNB Group have agreed to collaborate, with service agreements to be finalized and executed at a later date. QNB has USD65bn AuC.
Wahed launches Sharia ETFs
Wahed, an Islamic fintech and investment manager, has launched two UCITS ETFs that integrate Shariah compliance with an additional humanitarian and human rights screen. The funds, listed on the London Stock Exchange, have been launched through Waystone’s white label ETF platform, and are domiciled in Ireland.
Ultimus adds four seniors
Ultimus has hired four senior managers. In the public markets solutions sector, Matt Geldhof joins from Citi, and Edward Lund comes in as an SVP, having worked at Gemini Fund Services and NorthStar. In the private markets sector, Gilbert Maddock joins from MUFG, and William Thoma comes in from Northern Trust.
Symphony appoints sole CEO
Symphony, the fintech focused on communication and markets technology, has appointed Ben Chrnelich, previously co-CEO alongside Brad Levy, as CEO and president. Levy will transition to an external role and continue to advise the firm’s board of directors.