Waystone, the European provider of specialist services to financial institutions, has supported the launch of the Quest Global Equity Cashflow Compounder ETF via its white-label ETF ICAV platform. The launch marks Quest’s first entry into the ETF market in its 30-year history.
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AustralianSuper goes live on LUSID
AustralianSuper has gone live with a new whole-of-fund investment book of record built on Finbourne Technology‘s LUSID platform, providing the fund with a total portfolio view. The new platform brings investment positions, transactions, exposures and portfolio structures into one record, giving the investment team more consistent and timely information.
TMF appoints chief client officer
TMF Group, the Netherlands-based provider of administrative services, has appointed Karan Tewari as chief client officer. He will lead the global client function and join TMF Group’s executive committee. He joins from Thomson Reuters.
RBC wins major ETF mandate
RBC Investor Services has been selected as the ETF service provider for NEI Investments (NEI) as it launches its new exchange-traded series on the Toronto Stock Exchange. NEI, part of the asset management division of Aviso, appointed RBCIS to deliver end-to-end ETF administration and a securities lending program for these four new funds. Beyond creation…
Hindmarsh joins Alter Domus
Alter Domus has appointed George Hindmarsh as head of APAC, based in Hong Kong. He joins after a brief spell at Clearwater Analytics, and has also worked at Citi, Northern Trust and HSBC.
Waystone wins ACD mandate
Waystone, the UK-based provider of specialist services to the asset management industry, has been appointed as ACD to three new funds being launched by Brooks Macdonald, the UK focused investment manager. Waystone will also provide TA services to the funds. Waystone is the UK’s largest independent ACD.
Clearstream replaces Portenseigne
Clearstream has appointed Philippe Mueller as head of digital products and transformation for Clearstream Fund Services. Mueller will lead the strategic development and market adoption of Clearstream’s digital fund solutions, aimed at connecting traditional and digital financial markets. He succeeds Olivier Portenseigne, who has joined Apex. Mueller brings over 25 years of experience across Clearstream…
Formidium acquires in Lux
Formidium, a small U.S.-based fund administrator, has acquired Ci Fund Services S.A., a Luxembourg-based provider of private label fund solutions. The transaction was completed following approval by the CSSF. Formidium has USD38bn AuA.
Dowling re-joins NTRS
Kieran Dowling has re-joined Northern Trust as head of strategic clients, private markets, for EMEA, based in Luxembourg. He reports to Olivier Noel, head of private markets, EMEA, and country head, Luxembourg. Dowling was briefly at Fundbank after a 20-year career at Northern Trust.
Alter Domus supports Cinven fund launch
Alter Domus has supported Cinven on the final closing of their Strategic Fund 2, which raised c. EUR2.3bn (USD2.6bn). Alter Domus served as Cinven’s operational partner throughout, providing services across fund accounting and administration, investor reporting, transfer agency and structuring support.