Northern Trust has been appointed by BPF Beton, a Dutch pension fund, to provide global custody, regulatory reporting, valuation and accounting, and performance analytics. BPF Beton is the industry pension fund for people working in the concrete products industry in the Netherlands with c. EUR1.2bn (c. USD1.2bn) in AuM.
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Temenos sells Multifonds
Temenos, the fintech, has sold Multifonds, its fund administration software business, to Montagu Private Equity, a European private equity firm, for about USD400m.
Aztec hires new chairman
Aztec Group has appointed Sean Hagerty, former chief executive of Vanguard Europe, as chair, based in London. During a 27-year career at Vanguard, he most recently served for eight years as managing director and head of Vanguard Europe.
NTRS hires for OCIO role
Northern Trust has appointed Kate McCabe to lead the OCIO strategy for its asset servicing business unit. In this newly established role, McCabe will be responsible for developing strategic relationships with outsourced chief investment officer firms and the associated investment consultant community. She will report to Melanie Pickett, head of asset servicing, Americas. McCabe was…
Tully joins Aztec
Aztec, the C.I.-based administrator, has appointed Andrew Tully as director – private credit, based in Jersey. He joins from CVC Credit, where he most recently served as head of portfolio management – direct lending. Prior to that, he led origination and structured finance teams at Santander and held senior acquisition finance roles across Lloyds Banking…
First Manhattan expands with Ultimus
Ultimus has expanded its relationship with First Manhattan, a privately held investment advisory firm with >USD34bn AuM. Ultimus now supports First Manhattan’s private fund structures and ETFs, following the manager’s transition of five private fund structures from a previous service provider.
BBH wins SRI fund mandate
BBH has been selected by New Alternatives Fund to provide custody services. The U.S.-based manager is a socially responsible mutual fund focused on renewable energy and the environment.
HSBC wins Sukuk ETF mandate
HSBC has been appointed to provide trustee, global custody and fund administration services for Premia BOCHK Saudi Arabia Government Sukuk ETF in both Hong Kong and Saudi Arabia.
BNPP wins EUR5.4bn Dutch mandate
BNP Paribas has been appointed by Stichting Oak Pensioenfonds as its global custodian and administrator for its total invested assets of EUR5.4bn (USD6.1bn). The services include custody, investment administration, investment compliance, performance measurement and regulatory reporting.
Confluence appoints chief product officer
Confluence, a fintech provider for regulatory, analytics, and investor communications in the investment management industry, has appointed Kathleen Keenan as chief product officer. She will oversee Confluence’s product strategy and management, leading the company’s product and marketing divisions. She was most recently vice president of product management for investor communication services at Broadridge. Based in…