BNP Paribas Securities Services has confirmed CLSA, the Kong Kong-based subsidiary of CITIC Securities, as the latest partner broker for its multi approved partner broker (MAP) model for the China-Hong Kong Stock Connect scheme. The MAP model allows investors to choose from a variety of brokers whilst benefiting from guaranteed real DvP settlement through internalised…
Category: Bank Providers
Citi to administer SLAM’s first Hong Kong-registered index fund
Citi has been appointed by Sun Life Asset Management (HK) Limited as trustee, custodian, fund administrator and transfer agent for the Sun Life AM Hong Kong ESG Index Fund, Sun Life’s first fund to be registered in Hong Kong. The fund will track the Hang Seng ESG 50 Index.
U.S. Bank to adopt SEI Wealth Platform
U.S. Bank, the fifth largest bank in the U.S. and one of the world’s top 10 custodians, has adopted the SEI Wealth Platform (SWP) across its wealth management and investment services group. SWP is a fully integrated, single-infrastructure technology solution that supports a digital experience for wealth managers and their clients. U.S. Bank will migrate…
BNY Mellon launches margin messaging through AcadiaSoft
BNY Mellon has launched MarginConnect, a margin messaging capability that gives greater control to buyside managers over the collateralisation of non-cleared derivatives. The service provides a direct connection to AcadiaSoft, BNY Mellon’s collateral management solutions partner. With this link, clients are able to generate collateral instructions within the AcadiaSoft ecosystem without having to separately create…
Daniel Hickey joins RBC as global head of network management
RBC Investor & Treasury Services has appointed Daniel Hickey as global head of network management, based in the UK. He joins from Barclays Bank, where he was head of EMEA network management. Hickey inherits a completely revamped network that was rationalised through a project known as Network 2.0, reducing the number of providers from 23…
MUFG Investor Services launches contingent NAV solution
MUFG Investor Services has launched cNAV, its contingent net asset value solution for mutual funds.
Pershing Square appoints Northern Trust for multi-domicile admin mandate
Northern Trust has been appointed to provide fund administration services for Pershing Square Capital Management, a New York-based manager with USD9.4bn AuM. Northern Trust will support Pershing Square’s funds domiciled in Guernsey, Cayman and Delaware
Northern Trust launches end-investor portal for alts managers
Northern Trust has launched an investor portal for alternative asset managers, offering an enhanced investor experience with updated data feeds, customised views and analysis. Built in partnership with fintech provider InvestCloud, the investor portal provides: Direct interface allowing investors 24/7 access to their updated investment data. Secure data transmission and data visualizations of metrics including…
State Street to service Ping An’s new global PE funds
State Street has been appointed by Ping An Overseas Holdings to provide servicing solutions for its two newly launched private equity funds. This expands State Street’s current relationship with PAOH as the custodian and fund administrator of the Ping An Global Infrastructure Funds. Under the new mandate, State Street will provide custody and fund administration…
Northern Trust to administer new water-focused fund for Emerald
Northern Trust has been selected by Emerald Technology Ventures AG to provide fund administration, global custody and banking services for its sixth new fund launch – the Guernsey-domiciled Emerald Global Water Impact Fund LP. The USD100m fund is making investments in early and expansion stage companies in the water technology sector with the aim of…