State Street has been selected by Principal Financial Group, a financial services company specialising in retirement solutions, asset management and insurance, to provide custody, fund accounting and administration services for Principal Funds. The mandate builds on a relationship between State Street and Principal that spans more than a decade, during which State Street has supported…
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AB expands with BBH
BBH is supporting the expansion of AllianceBernstein’s global ETF platform with the launch of its active UCITS ETF business in Europe. The new ETFs are domiciled in Luxembourg and form part of the existing umbrella structure that BBH already services for AB’s Luxembourg fund range.
Suntera appoints European chief
Suntera Global, the C.I.-based administrator, has appointed Stephen Bond as head of European funds and corporate sales for its corporate and fund services division, based in London. He joins from RQC Group.
BNPP makes succession changes
Following the recently announced moves of Robert van Kerkhoff and Alison Gurd, BNP Paribas has announced their replacements. Laurent Durdilly takes on three leadership roles, including head of Luxembourg, Ireland and the Channel Islands for securities services, head of Luxembourg for corporate & institutional banking, and CEO of BNP Paribas SA Luxembourg Branch, based in…
Tatton appoints Citi & FundRock
Citi has been appointed as depository and custodian by Tatton Investment Management Ltd for the Tatton fund range in the UK. Apex FundRock has been appointed as the authorised corporate director. The appointments cover multiple UK fund umbrellas and approximately GBP10bn (USD13.5bn) AuM. Alongside the ACD mandate, Apex will provide fund administration and transfer agency,…
RBC grows assets by 15pct
RBC Investor Services reached CAD3.1trn (USD2.2trn) AuC/A in Q2 2026, up 15pct YoY.
Ultimus expands with DF
Ultimus has expanded its long-standing partnership with Donoghue Forlines. In addition to continuing administration services for Donoghue’s mutual funds and variable insurance trusts, Ultimus has extended its scope to include servicing the DF Tactical 30 ETF.
State Street signs MoU in Oman
State Street has signed a memorandum of understanding with Jadwa Investment, a Middle Eastern investment management and advisory firm, to collaborate in the Sultanate of Oman. The two firms will jointly identify and develop opportunities to expand their offerings to institutional clients in Oman, with a focus on asset servicing and global custody. State Street…
Northern Trust promotions within asset servicing
Following the recent appointment of Clive Bellows and Guy Gibson as co-presidents of asset servicing, Northern Trust has made changes within its asset servicing business. Nick Gilbert has been appointed head of asset servicing, EMEA, a newly expanded role with responsibility for both asset owners and asset managers, aligning the EMEA region’s structure with Northern…
Jeacock joins CACEIS
Matthew Jeacock has joined CACEIS as a director & sales executive with the UK client coverage team. He previously spent nine years at BNY.