EFA, the Luxembourg-based administrator with EUR140bn (USD166bn) AuA, has selected NeoXam’s Impress Regulatory Edition for regulatory reporting. The platform will be hosted by NeoXam as a Service. This decision expands the long-standing relationship between EFA and NeoXam, initiated with the adoption of the back-office investment accounting tool, NeoXam GP.
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Argenta appoints EFA for reporting and monitoring services
Argenta Asset Management SA, a Luxembourg-based manager, has appointed EFA to provide UCITS risk reporting and sanctioned securities monitoring services.
Northern Trust appoints new head of Australia & New Zealand
Northern Trust has appointed Leon Stavrou as head of its business in Australia and New Zealand. He succeeds Angelo Calvitto, who was named as head of Northern Trust in Asia Pacific earlier this year. Stavrou was most recently a global services executive responsible for Northern Trust’s asset servicing operations across Australia, and for ensuring the…
Citco to open a CoE in Hyderabad
Citco, the alternative investment assets servicer with USD1.5trn AuA, has announced the launch of a new office in Hyderabad as part of its ongoing expansion in India. The Hyderabad office plans to hire more than 1,200 employees over the next two years, and will operate as a Citco CoE.
Citi & Vistra to service Food Securities Fund
The Food Securities Fund, which provides working capital loans to sustainable agriculture companies in emerging and developing markets, has appointed Citi as the fund’s central administration agent and depository. Vistra, the Singapore-based administrator, will provide AIFM ManCo services from Luxembourg. The Food Securities Fund has been developed by Clarmondial, a Switzerland-based investment firm.
my529 appoints State Street for investment servicing solutions
State Street has been appointed by my529 to provide investment servicing solutions, covering accounting, daily NAV calculations, performance reporting, and daily cash settlements, as well as dynamic cash allocations, trading, and rebalancing services. my529, Utah’s official nonprofit 529 educational savings plan, is available to residents of any state and currently has over USD20bn AuM.
Apex expands relationship with Launch Africa
Apex has expanded its relationship with Launch Africa Ventures, a pan-African venture capital fund. Apex has been appointed to provide fund administration and accounting, fiduciary, investor reporting and tax compliance services to support the growth of Launch Africa’s current and future funds.
Northern Trust names Scott Bachmann as UK head of LGPS
Northern Trust has named Scott Bachmann as UK head of public sector (LGPS) within its institutional investor group. Bachmann joined Northern Trust in 2006, and was most recently head of investment risk & analytical services for EMEA and Asia.
Eric Chng joins State Street in APAC
State Street has appointed Eric Chng as an SVP within its client segments group, focused on the alternatives and insurance sectors in Asia Pacific. He is based in Singapore, and joins from Citco, where he was head of business development and sales across APAC.
Broadridge expands proxy voting service
Broadridge Financial Solutions, a U.S.-based fintech, has expanded its Direct Market Solutions service, a custodian-focused, golden copy event sourcing and vote execution extension to Broadridge’s global proxy solution. Enhancements to DMS include expansion of coverage to 20 markets, improvements to market deadlines and extended voting windows by up to three days, and a reduction in…