Equity Trustees, the Australian administrator, has been appointed Responsible Entity (trustee) by GQG Partners, a U.S. boutique global equity manager, for its new fund, GQG Partners Global Quality Dividend Income Fund.
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Clearstream facilitates digital securities issuance
Clearstream has created a digital instrument on D7, Deutsche Börse’s digital post-trade platform. European issuers can now leverage the new infrastructure to issue digital securities. The first automated issuances were performed by LBBW and Vontobel, and facilitated by Clearstream, Deutsche Börse’s post-trade service provider. D7 is fully integrated within Clearstream’s global infrastructure and works as…
HSBC selects Clearstream for fund processing
HSBC has chosen Clearstream, Deutsche Börse’s post-trading service provider, as its global partner for administering investment fund activities for fund order routing, safekeeping, settlement and distribution support. Vestima, Clearstream’s investment fund processing infrastructure, enables processing of all types of funds – from mutual funds to hedge funds, private equity and ETFs – on a single…
Warwick goes with Allvue for CLOs
Allvue Systems, an alternative investment technology solutions provider, has been selected by Warwick Capital Partners as the software provider for its CLO business. Warwick is a UK-based special situations firm that brings creative solutions to complex opportunities and manages approximately USD2.5bn. Warwick will leverage Allvue’s CLO Start-Up Package, an all-in-one product suite that simplifies operations…
State Street adds FundGuard to Alpha platform
State Street has selected FundGuard to deliver a strategic accounting solution for State Street Alpha. FundGuard is a scalable cloud-native investment accounting, fund accounting, and contingency NAV solution. The FundGuard accounting solution will be integrated for STP from portfolio management and trading in the Charles River Investment Management Solution through to custody and administration. A…
HQLAx pioneers cross-DLT repo trade
HQLAᵡ, J.P. Morgan, Ownera and Wematch have successfully tested the technical feasibility of executing a DvP repo transaction across two different DLT platforms at HQLAᵡ and J.P. Morgan. The test showed how rights to securities, recorded in digital collateral records (DCRs) on the HQLAᵡ ledger, and digital cash, recorded at J.P. Morgan, could be recorded…
IDR hires veteran bus dev director
Stu Williams has joined IDR as business development director. Based in Boston, he will be responsible for the growth of IDR’s North American business. IDR provides a central, globally accepted and standardised way for private capital investors to onboard.
Aztec hires for banking & treasury
Paul Clohesy has joined Aztec Group as head of banking and treasury, based in its Jersey office. He joins from JTC, where he was treasury director.
Alison Manley joins U-I’s Ireland board
Alison Manley has joined the Ireland board of Universal Investment, the Germany-based administrator, as an independent non-executive director and chair. She has over 25 years’ experience developing funds and financial products and is an experienced non-executive director of Irish regulated UCITS, AIFs and ManCos. Manley established and was CEO of Goodbody Fund Management, a Super…
BNY Mellon and Pirum launch optimisation service
BNY Mellon and Pirum, a fintech specialising in trading markets, have launched a joint optimisation service to offer collateral providers margining, risk management and inventory management to drive improved risk/return outcomes. The solution, ECPOConnect, combines BNY Mellon’s collateral management service, ECPO, which optimises more than USD4trn in assets globally, with Pirum’s CollateralConnect platform, a SaaS…