Ashburton Investments, the C.I.-based asset management business of FirstRand Group, has appointed JTC to administer fund shareholder accounts. JTC will provide fund administration and fund accounting services to Ashburton Investments’ investors in its Jersey-domiciled funds. JTC, which recently moved into the U.S. market with the acquisition of NES Financial, has USD130bn AuA.
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Northern Trust launches cloud-based version of Online Report Center
Northern Trust has launched a new version of its most popular client-facing tool, Online Report Center, as a cloud-based service with a redesigned user interface, available through its Passport client portal. New features include: Enhanced scheduling and interactive reporting and report packaging capabilities; Event-based and time-based report generation triggers; and Secure email attachments, email notifications,…
Citi spins off Proxymity into industry-owned utility
Proxymity, the digital investor communications platform developed within Citi‘s investor services business, has raised USD20.5m from eight market participants and will become a global, industry-led consortium. The consortium is comprised of BNY Mellon, Citi, Clearstream, Computershare, Deutsche Bank, HSBC, J.P. Morgan, and State Street. The Proxymity team will be based in London, with a technology…
Intertrust selects Wall Street Office for loan administration
Intertrust, the Netherlands-based provider of administration and corporate services, has automated its loan administration, cash management and facility agent services by integrating its platform with IHS Markit’s Wall Street Office (WSO). The WSO platform is a scalable, cloud-based solution that will enable Intertrust to provide its fund and capital markets clients with a more efficient…
CACEIS completes remote migration of Popular funds in Spain
CACEIS in Spain has remotely migrated the Popular Asset Management and Popular Pensiones portfolios. Popular Asset Management and Popular Pensiones, two companies merging with Santander Asset Management and Santander Pensiones, switched to CACEIS as their depositary bank in Spain. With all staff working remotely, 107 funds were migrated to CACEIS, (59 investment funds and 48…
Ultimus upgrades distribution platform to include ETF data
Ultimus Fund Solutions, the U.S.-based fund servicing provider, has expanded its Ultimus Distribution Advantage (UDA) program to include platform information for ETFs. Ultimus is introducing the addition of intermediary fee structures and requirements for ETFs by incorporating the details to the intermediary pricing pages already established for ‘40 Act funds on the UDA website. The…
State Street collaborates with CLS for FX settlement reporting
State Street is collaborating with CLS, an FX market infrastructure group delivering settlement, processing and data solutions, to provide asset managers with a consolidated view of CLS settlement information across their accounts for the first time. The collaboration will combine TradeNeXus, State Street’s electronic post-trade processing service, with CLS’s post-trade monitoring and reporting tool, CLSTradeMonitor,…
Apex and Triple Point partner on upgraded TA platform
Apex, the Bermuda-based financial services provider, and Triple Point Liquidity, a New York-based financial technology startup, have formed a partnership to deliver an enhanced transfer agency platform to clients. The partnership will integrate Triple Point’s innovative registrar and transfer agency platform to better manage client liquidity through one integrated solution. The partnership will also enable…
SANNE hires Daryn Kerr as global head of tech change
SANNE, the UK-based provider of alternative asset and corporate business services, has appointed Daryn Kerr as global head of technology change. He will lead the establishment of SANNE’s enterprise architecture and technology portfolio to reflect and augment the group’s global strategic goals. He will work closely with SANNE’s chief technology officer, Marie Measures, in the…
Apex appoints Valerie Mantot-Groene as head of APAC
Apex Group, the Bermuda-based administrator, has appointed Valerie Mantot-Groene as head of APAC. Based in Singapore, she joins from SANNE and reports to the global head of fund solutions, Srikumar T.E. She replaces Maggie Chan.