MUFG Investor Services has opened an operation in Kuala Lumpur, Malaysia, providing fund accounting, administration and asset servicing. Puneet Gupta has been appointed head of Malaysia, joining from Kimberly Clark, where he was director of global business services, responsible for the APAC region.
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BNPP wins German growth fund mandate
BNP Paribas has been appointed to provide depositary and global custody services for the newly launched Growth Fund Germany, a development of the Future Fund (Investment Fund for Future Technologies) from the German government and KfW Capital. With a final closing amount of c. EUR1bn (USD1bn), the growth fund aims to enhance financing opportunities for…
State Street further consolidates in India
State Street and HCLTech are finalising plans for State Street to assume full ownership of Statestreet HCL Services, the India-based JV formed in 2012 to provide business operations services. This consolidation is expected to be completed in Q2 2024. State Street has partnered with HCLTech for more than a decade. Earlier this year, State Street…
DB appoints Taiwan SS head
Deutsche Bank has appointed Amanda Chen as head of securities services for Taiwan.
Mackenzie expands CIBCM mandate
CIBC Mellon has been appointed to provide Mackenzie Investments (Mackenzie), part of the IGM Financial Inc. (IGM) family of companies, with enhanced asset management capabilities through OnCore, the middle office platform offered by BNY Mellon. OnCore will be integrated with Mackenzie’s existing business applications and will have the capacity to enable enterprise growth. As part…
SDX links to DLT Finance
SIX Digital Exchange (SDX), the crypto service and infrastructure provider owned by SIX Group, has formed an alliance with DLT Finance, a BaFin-licenced trading and brokerage firm, to expand their institutional crypto services. SDX will assume the roles of custodian and staking provider, while DLT Finance’s subsidiary, DLT Securities GmbH, will serve as a fully…
SmartStop selects SS&C for TA
SmartStop Self Storage REIT, a self-storage company, has selected SS&C to provide transfer agency services for all of its sponsored REITs. SS&C will handle account owner recordkeeping, transactional activity, new investor onboarding and distribution. SmartStop is the largest public non-traded self-storage REIT in the U.S., with >USD2.9bn in assets.
BBH launches InfuseDX
BBH has launched InfuseDX, a new way for its clients to view, customise and package their data, enabling faster and more informed decision making. Accessed via BBH’s Infuse client portal, InfuseDX provides clients with on-demand transparency into BBH’s data reporting. Key features of InfuseDX include: Real-time: 24/7 access to the most up-to-date information available about…
BNPP strengthens U.S. agency lending team
BNP Paribas has announced three new hires to its agency lending business in the U.S., including the appointment of John Fox as head of U.S. agency lending. Fox was most recently head of client management and sales – North America for BNY Mellon. Based in New York, he will report to Andrew Geggus, global head…
BBH appoints global head of FI
BBH has appointed Alan O’Sullivan, a principal of the firm, as global head of its financial institutions business. He will be responsible for BBH’s financial institutions clients globally, overseeing the delivery of custody, technology, and data solutions. Since joining BBH in 1996, O’Sullivan has served as European head of business development for investor services, head…