Aon and BNY Mellon have signed a multi-faceted data and digital collaboration focusing on supporting the ESG needs of clients globally, leveraging both firms’ collective ESG data and analytics capabilities and data sets. In addition, Aon and BNY Mellon will work to further enhance solutions in the areas of digital assets and data and analytics.…
Richard
EFA owners agree to sell
Universal Investment Group and the shareholders of European Fund Administration (EFA) – Banque de Luxembourg, Banque et Caisse d’Épargne de l’État, Oddo BHF, Quintet Private Bank (Europe) S.A. –have entered into an agreement for the acquisition of EFA by Universal Investment Group. The transaction is subject to regulatory clearance by CSSF and is expected to…
BNY Mellon adds ETF servicing capabilities
BNY Mellon has launched its ETF Intelligent Basket Builder and ETF Asset Flow Analytics Dashboard, its latest services to support the growth and digitisation of the ETF operating model. BNY Mellon now services >USD1.25trn in ETF assets, The ETF Intelligent Basket Builder, part of BNY Mellon’s ETF Center and available on its NEXEN portal, provides…
R Cubed selects Ultimus
Ultimus Fund Solutions, a U.S.-based provider of fund administration, accounting, middle office, and investor solutions, has been appointed by R Cubed Global Capital, LLC to help launch a global ETF, (GDVD). R Cubed Global Capital focuses on seeking a balance between performance and volatility. Ultimus claims to be the third largest named ETF administrator in…
IQ-EQ appoints new Lux CCO
IQ-EQ, the Luxembourg-based investor services group, has named Bram Eijsbouts as its new chief commercial officer (CCO) for Luxembourg. Having joined IQ-EQ in 2020, he has been promoted from his previous role as head of business development for Luxembourg.
SG signs with Saphyre
Saphyre, the U.S.-based fintech company focused on pre-trade setups and post-trade issues, has signed up Société Générale’s global markets division for new fund onboarding and maintenance. SG has been collaborating with Saphyre on STP of account setups to speed the time to market in order to provide immediate liquidity as well as seamless post-trade allocations…
Highvern receives TCSP authorisation
Highvern, the C.I.-based administrator, has received Trust and Company Service Providers (TCSP) authorisation for its Ireland operation. This will allow the business to engage with a wider range of clients, offering a suite of corporate administration services to section 110 and SPV structures across debt, capital markets, real estate, infrastructure, private equity, aviation, and other…
PFS hires new director of sales
Pacific Fund Systems, an Isle of Man-based provider of fund administration software, has hired Jesper Steiness as director of sales. Based in Denmark, he will work closely with Kelly Ashe, head of sales and marketing, and the wider PFS team in promoting PFS’ software, including PFS-PAXUS, PFS-CONNECT and PFS-CLOUD to fund administration companies globally. He…
State Street wins NB ETFs
Neuberger Berman, the U.S.-based independent investment manager, has launched its first-ever actively managed ETFs. Managed by Neuberger Berman, the ETFs are an extension of the firm’s thematic equity investment capabilities utilising traditional fundamental equity research along with alternative data capabilities and consideration of material ESG factors. Each fund has selected State Street as custodian for…
Apex acquires U.S. tax specialist
Apex has acquired a majority shareholding in FTS, a U.S.-based tax services firm serving clients in the alternative investment and family office sectors. FTS provides tax planning, tax compliance, and tax structuring for private equity funds, and real estate funds. This dedicated tax offering complements Apex’s existing range of U.S. tax preparation services and support,…