Northern Trust’s asset servicing business has hired Ambrice Miller as head of sales, asset owners, EMEA, based in the UK. She joins from FTSE Russell.
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Aegon expands with Citi
Aegon Asset Management has expanded its longstanding relationship with Citi with a USD380bn middle office mandate. Citi has added performance measurement and accounting services to its offerings on the Aladdin platform, extending the breadth of its middle office offering to include full IBOR services, trade management and settlement and performance measurement via Aladdin Accounting. The…
First Sentier expands with NT
Northern Trust has expanded its relationship with First Sentier Group, being appointed as fund administrator for First Sentier Investors Global Growth Funds, a Singapore unit trust offering. Under the mandate, Northern Trust will provide custody, fund accounting and transfer agency services. The move represents an expansion of a broader global relationship which began in 2006.
PennantPark selects Ultimus
PennantPark Investment Advisers has appointed Ultimus to assist with the launch and ongoing operations of its new interval fund, PennantPark Enhanced Income Fund. PennantPark is an alternative credit specialist, and manages c.USD10bn of investable capital,
Apex to support first RIF
Apex has been appointed to provide depositary services to the Resonance Housing Pathways Fund in the UK. The fund is the first Reserved Investor Fund (RIF), and has secured GBP118m (USD159m) from investors.
NT signs with Lukka
Northern Trust has entered into an agreement with Lukka to deliver a digital asset reporting capability. Lukka provides institutional-grade digital asset data infrastructure, software, and analytics. Under the agreement, Northern Trust will leverage Lukka’s platform to support connectivity across >100 blockchains and >400 centralised exchange and decentralised exchange sources, along with custodians, OTC desks, wallets,…
Waystone wins ME ETF ManCo mandate
Waystone has been appointed by Lunate, an Abu Dhabi-based investment firm, to support its suite of Irish ICAV ETFs. Under the agreement, Waystone will provide ManCo services for the ETFs. Earlier this year, Lunate launched two Irish-domiciled ETFs through Euroclear.
Weitz expands with Ultimus
Ultimus has expanded its relationship with U.S.-based Weitz Investment Management. The expanded mandate includes fund accounting and administration, middle office services, and post-trade compliance for Weitz’s mutual fund and managed account complex, alongside the administration of three ETFs supporting nearly USD8bn AuM.
Trident approved in Gibraltar
Trident Trust has received approval to act as an external fund administrator in Gibraltar.
U.S. Bank signs with Fenergo
U.S. Bank’s investment services business has gone live with Fenergo’s Fen-X platform, which automates many of the manual processes traditionally associated with underlying investors and direct client relationships and accelerates account setup while maintaining regulatory requirements. The enhanced onboarding experience provides investors and clients with more transparency throughout the process and enables integration with other…