Ultimus Fund Solutions, a U.S.-based independent provider of fund administration, accounting, and investor solutions, is working with OneAscent Investments to launch multiple ETFs through a series trust structure. OneAscent provides values-aligned, faith-driven solutions to advisers and investors.
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USAA Real Estate outsources admin
SS&C has signed an outsourced administration arrangement with USAA Real Estate, which acquires, develops, finances and manages real estate assets in North America and Europe. USAA Real Estate will outsource fund accounting and reporting functions, as well as property accounting of operating and under-development investments, to SS&C. USAA Real Estate will also transfer around 60…
HIGHVERN hires CTO from Saltgate
HIGHVERN, the C.I.-based administration services provider, has appointed Tim McBain as group head of technology. Most recently he held a similar position at Saltgate.
Apex to acquire PFS
Apex is to acquire Pacific Fund Systems (PFS), the Isle of Man-based fund administration software provider, from its co-founders and Pollen Street Capital. The acquisition follows Apex’s longstanding partnership with PFS through the use of PFS-PAXUS and will expand use of the technology platform to enhance the delivery of timely, accurate and independent portfolio accounting,…
Formidium launches SPV tax service
Formidium, the U.S.-based third-party provider of fund administration and back-office technology solutions, has launched SPV Tax, a U.S. tax returns preparation and e-filing professional service suite for SPVs, which are often used to isolate and segregate investment assets. SPV Tax provides a unified, and end-to-end platform for U.S. federal and state tax return preparations and…
Gen II makes senior Lux appointments
Gen II Fund Services, an independent U.S.-based private capital fund administrator with USD900bn AuA, has appointed Christophe Ponticello as Luxembourg country head, and Duncan Christie as COO. Both are internal promotions.
HIGHVERN receives CBI approval for alts admin
HIGHVERN, the C.I.-based administrator, has received authorisation from the Central Bank of Ireland to provide fund administration services to alternative funds. HIGHVERN launched its Irish business, with offices in Dublin, in January 2022. The firm recently appointed Colm Clifford as an Irish Independent Non-Executive Director, joining the board as an INED and chair, Clifford is…
HSBC promotes Villecourt
HSBC has appointed Sophie Villecourt as head of account management, UK, for its markets & securities services business. She moves up from her previous role as sales and business development manager for the insurance sector.
CACEIS/BNPP JV receives regulatory approvals
The draft agreement between BNP Paribas’s securities services business and CACEIS to combine their issuer services businesses, first announced in March 2022, has received approvals from the competition and regulatory authorities. The JV will be called Uptevia.
BNP Paribas invests in AccessFintech
BNP Paribas has invested in AccessFintech, a fintech focused on the capital markets’ operating model through data and workflow collaboration. The investment is being made by BNP Paribas’s securities services unit. Clients will be able to enhance operational efficiency through the deployment of AccessFintech’s Synergy data collaboration network. Synergy helps market participants reduce collateral needs…