Vistra Group, the Hong Kong-based provider of advisory and administrative support services, has been notified by the Australian Foreign Investment Review Board that the Commonwealth Treasurer has no objection to Vistra acquiring up to 100pct interest in the securities of Mainstream Group Holdings Limited. Vistra entered into a Scheme Implementation Deed with Mainstream in March…
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Deutsche Boerse takes 100pct ownership of Clearstream Fund Centre
Deutsche Börse AG has agreed to acquire the remaining 49pct stake of Clearstream Fund Centre from UBS for CHF390m (USD429m). Deutsche Börse will become the sole shareholder in the Zurich-based fund distribution platform, having initially acquired a 51pct stake in September 2020. The deal follows Euroclear’s recent announcement of its agreement to acquire MFEX, the…
Langham Hall supports Ardent’s new USD530m UK RE fund
The Ardent Companies LLC, an Atlanta-based real estate investment and asset management firm, has launched a USD530m UK real estate investment business, The Ardent Companies UK Ltd. Langham Hall, the UK-based administrator, has supported Ardent with its debut acquisition of a portfolio of 12 industrial sites with a total 67 units of real estate across…
State Street appoints LAB Group for investor onboarding in Australia
State Street has appointed Australia’s LAB Group to introduce electronic investor onboarding capabilities for its fund manager clients in Australia. With LAB Group’s platform, investor registration will be accelerated and electronic identity verification for individuals, companies and trusts will be enabled. The LAB process uses numerous Australian government and other verified databases, supported by dynamic…
JTC granted licence in ADGM
JTC, C.I.-based provider of fund, corporate and private client services, has been granted a licence to provide corporate services in Abu Dhabi. The licence has been awarded by the Abu Dhabi Global Market (ADGM). In tandem with being granted the new licence, and in response to client demand, JTC has a new office in the…
MUFG launches ESG reporting service
MUFG Investor Services has launched an ESG Reporting solution. Within the reporting suite, ESG data will be mapped to a client’s portfolio, providing a top-level portfolio rating, highlighting top and bottom performing positions. Additional analysis will also be provided based on sector, asset class and other metrics. The service will extensively analyse both private and…
Provinzial mandates BNP Paribas and Helaba Invest
Provinzial Asset Management, the Germany-headquartered asset manager with AuM EUR50bn, has mandated BNP Paribas Securities Services and Helaba Invest as asset servicing providers. Following the recent merger between Provinzial Asset Management and the Provinzial Rhineland, Provinzial Asset Management now manages all the assets of the newly formed Provinzial Group. Provinzial Asset Management selected two long-standing…
BBH completes conversion of two Guinness Atkinson mutual funds to ETFs
Brown Brothers Harriman has completed the conversion of two open-end mutual funds to ETFs on behalf of Guinness Atkinson Asset Management: Guinness Atkinson Dividend Builder Fund (GAINX) and Guinness Atkinson Asia Pacific Dividend Builder Fund (GAADX). These are the first two mutual funds converted into ETFs in the U.S. BBH has a long-standing relationship with…
Apex expands loan agency services
Apex, the Bermuda-based financial services provider, has expanded its loan agency services, both to support existing loan administration capabilities and private equity and leveraged finance client needs. The loan agency & administration offering provides tailored services to bilateral, club and syndicated loans and offers transaction support from borrower, lender and debt fund perspectives. The upgraded…
MUFG hires three managers
MUFG Investor Services has made three appointments. Simon Coombes joins as executive director, business development, based in the UK. He will focus on prospects throughout Europe and the APAC regions. He was previously head of middle office solutions sales at Apex. Vasilis Sotiris joins as head of data engineering & strategy, based in the U.S.…