BNP Paribas has entered into an agreement with HSBC for the acquisition of the custody and depositary bank business of HSBC Continental Europe S.A., Germany, subject to regulatory approvals. As part of the agreement, the custody business staff employed at HSBC Continental Europe S.A., Germany will transfer to BNP Paribas’ securities services business in Germany.…
Richard
BNY wins (back) WisdomTree ETF mandate
BNY has confirmed that WisdomTree, Inc. to provide custody, depositary, accounting, fund administration and ETF services for its Europe-listed products. WisdomTree Europe has AuM totaling USD40.1bn. BNY is expanding its relationship with WisdomTree as custodian, administrator, securities lending agent and ETF servicing provider across its U.S.-listed products, to now include capabilities which support its Irish-domiciled…
State Street to service COtwo ETP
State Street has been appointed as fund administrator and transfer agent for the COtwo Advisors Physical European Carbon Allowance Trust (NYSE Arca: CTWO), the first US-listed exchange-traded product backed by physical European Union Allowances (EUAs). State Street will deliver ETF solutions, including fund accounting, administration, and transfer agency.
NTRS wins IDS mandates in Asia
Northern Trust has been selected by Hong Kong-based asset managers Clean Alpha Partners and Keyrock Capital Management Limited to deliver Investment Data Science solutions through its strategic partnership with Equity Data Science (EDS). Under the mandates, Northern Trust will provide access to EDS’ Research Management System, a workflow solution that integrates real-time quantitative and qualitative…
ZEDRA appoints CEO
ZEDRA has appointed Dean Blackburn as CEO.He joined the business as deputy CEO in 2024, He is based in Jersey.
Gen II hires for UK
Gen II Fund Services, a U.S.-based private capital fund administrator with >USD1trn AuC/A, has appointed Matt Beresford as country head, Jersey and UK, based in Gen II’s Jersey office. He joins from Lloyds Banking Group, where he was recently country head for the Isle of Man at Lloyds Bank International.
GemCap and M Square partner
GemCap has formed a partnership with MC Square, which will offer clients with products and fund domiciles in Dublin and Luxembourg. With the combined in-house regulatory and operational expertise across both jurisdictions, clients can structure and manage UCITS, AIFs, ICAVs, RAIFs, inter alia. MC Square Group, the holding company of MC Square S.A., a third-party…
BBH upgrades InfoAction
BBH has launched an enhanced version of InfoAction, a corporate actions SaaS workflow solution for asset managers and financial institutions. Built on BBH’s Infomediary Data Solutions platform, InfoAction automates the event notification and response process, enabling efficient tracking and management of the entire corporate actions workflow and providing a golden record of data. The latest…
TMF wins RE mandates
TMF Group, a Netherlands-based provider of financial, funds and corporate services, has been appointed by Chelsfield Asia to deliver a combination of fund administration and corporate services. Chelsfield Asia is an international real estate investment company focused on asset management, development and investment with operations in Hong Kong, SAR, Shanghai, Singapore and Tokyo. The deal…
Apex appoints COO
Apex has appointed Jeff Weiner as chief operating officer, based in the U.S. His background includes senior roles at institutions including Fiserv, Bank of America, Fannie Mae, Wells Fargo, and most recently, Conduent.