RBC Investor & Treasury Services has launched its FX transaction cost analysis (TCA) service for currency overlay services (COS) clients. The service, which uses analytical technology provided by State Street-owned BestX, will provide RBC’s COS clients with independent FX TCA reporting to oversee and assess the execution quality of their COS transactions. COS is available…
Richard
BNY Mellon to provide European TA services for Invesco
BNY Mellon has been appointed by Invesco Fund Management Limited and Invesco Management S.A. to provide transfer agency services to USD100bn of their respective ICVC and SICAV fund ranges. BNY Mellon already provides custody and fund administration services for the two fund ranges, which are domiciled in the UK and Luxembourg respectively. In addition, BNY…
Apex to acquire Brazil’s BRL Trust
Apex plans to acquire Brazil’s BRL Trust Investimentos, an independent fund administrator. The BRL Trust business will add BRL198bn (USD38bn) AuA and BRL166.7bn (USD32bn) AuC across 560 international and Brazilian investment funds. The deal comes after Apex’s previous announcement of its intention to acquire MAF, the fund administration business of the Brazil-based Banco Modal, which…
CSC acquires PEF
CSC, a U.S.-based provider of business, legal, tax, and digital brand services, has acquired PEF Services LLC, a U.S.-based provider of fund administration services to private capital firms and their investors, including private equity, private debt, venture capital and U.S.-based small business investment companies (SBICs). Anne Anquillare, CEO and president of PEF, joins CSC as…
Link to provide unit registry to Vanguard in Australia
Link Fund Solutions, the Australia-based administrator, has been appointed by Vanguard’s Australia business to provide a unit registry service.
Intertrust appoints Jon Barratt as Cayman MD
Intertrust has appointed Jon Barratt as MD of its Cayman business. He was previously MD of its Singapore operation.
Ocorian hires Mike Hughes as global head of service lines
Ocorian, the C.I.-based administrator, has appointed Mike Hughes as global head of service lines. In his new role, Hughes has ultimate responsibility for all client segments and will also join Ocorian’s ExCo. He was previously global head of J.P. Morgan’s global custody product.
Vistra hires Steven van Tuijl to head continental Europe
Vistra, the Singapore-based corporate and fund administrator, has appointed Steven van Tuijl as regional managing director, Continental Europe. Steven also joins Vistra’s ExCo. He has full responsibility for the leadership and development of Vistra businesses in Continental Europe, which include 1500 employees across 15 markets. He joins Vistra after 10 years at ADP, the payroll…
Aberdeen Standard Investments moves two ETFs to State Street
Aberdeen Standard Investments has appointed State Street as service provider for two of the firm’s ETFs. These ETFs have transitioned from another provider. State Street will now provide a range of ETF services, including custody, fund accounting, basket creation/settlement, order-taking, transfer agency and regulatory reporting. State Street currently provides global custody, accounting and fund administration…
Angelo Calvitto to head Northern Trust’s asset servicing business in APAC
Northern Trust has named Angelo Calvitto to lead its asset servicing business in Asia Pacific. Calvitto, who was most recently country head for Northern Trust in Australia, will succeed William Mak, who is retiring from the company after 11 years. Calvitto will be based in Melbourne.