Apex Group is providing ETC Group with administrative support and trustee services for BTCetc ETC Group Physical Bitcoin, an exchange traded cryptocurrency (ETC) that tracks the price of Bitcoin, distributed by HANetf Limited. The ETC, which is listed on Deutsche Börse’s XETRA and SIX Swiss Exchange, has gathered >USD1.2bn AuM since launch in June 2020.…
Richard
BNY Mellon invests in Fireblocks
Fireblocks, a provider of software to store, transfer and issue digital assets, has raised USD133m in Series C venture capital funding. BNY Mellon is one of the investors.
USA Mutuals moves funds to Ultimus
Ultimus Fund Solutions has been selected by USA Mutuals to provide fund accounting, administration, transfer agency and shareholder services for its mutual funds. Ultimus helped USA Mutuals reorganise and convert their mutual funds from their previous provider earlier this year. As part of the conversion, the USA Mutuals funds were moved from their previous standalone…
SS&C launches risk scenario & simulation service
SS&C has launched SS&C Algorithmics Scenarios-as-a-Service (ScaaS), a subscription-based risk scenario and simulation service. Using financial risk modeling and the latest global datasets, ScaaS provides stress testing scenarios on macroeconomic factors. The first scenario in the series focuses on the impact of pandemics such as COVID-19. Pandemic risk is the first of a set of…
HSBC completes first sec lending trade in Saudi Arabia
HSBC has completed the first securities lending transaction in Saudi Arabia. HSBC acted as custodian and agent lender on the transaction for a large regional asset owner, enabling HSBC, in its role of prime broker, to borrow Saudi Arabian equities from the asset owner and provide access to the country’s equities market for a global…
Kay Hayre joins BNY Mellon to co-head IM sales
Kay Hayre has joined BNY Mellon as co-head of investment managers (IM) sales. In this role, Hayre will partner with co-head Laura Steinbach to drive business development activities, advance strategic relationships, and grow the firm’s pipeline of opportunities with IM prospects and clients globally. She will focus on IM business development internationally, whilst Steinbach will…
Aztec Group appoints Charlotte Light as CTO
Aztec Group has appointed Charlotte Light as chief technology officer. She joins after four years at Channel 4, a UK broadcaster, where she was chief information officer. She will be based in the UK.
SEI’s CIT business grows to USD100bn AuA
SEI, a U.S.-based provider of investment processing, investment management and investment operations solutions, has surpassed USD100bn AuA in its collective investment trust (CIT) business, representing a 20.5pct increase from a year ago. Through SEI Trust Company, SEI launched 39 funds from 11 global investment managers, adding over USD17.3bnin CIT assets in 2020.
Apex-owned EAM reaches USD1bn AuM
Emerging Asset Management Ltd., the Apex-owned provider of turnkey solutions for fund launches, has reached the milestone of USD1bn AuM. EAM’s clients include new and established, small to medium sized fund managers looking to start or launch new alternative investment funds, including hedge funds, private equity, property, and commodities funds. EAM serves both onshore U.S.…
HSBC launches fund admin services in Thailand
HSBC has launched fund administration services in Thailand. This comes after Thailand’s Securities Exchange and Commission relaxed outsourcing rules to improve the efficiency of local fund managers’ operations. Under this model, clients can use HSBC’s fund administration services in addition to custody and fund supervisory services currently offered. The service will be offered through Multifonds,…