BNP Paribas Securities Services has been appointed by Kamet Capital Partners to provide custody and fund administration services in Singapore. Kamet is one of the first fund managers to use Singapore’s new Variable Capital Company (VCC) structure. Kamet Capital Partners was established in 2017 as a family office.
Category: Bank Providers
MUFG IS hires two seniors for FX business
MUFG Investor Services is expanding its FX service offering with two new senior hires. Hans Jacob Feder has joined as global head of FX services, based in London and reporting to John Sergides, CEO. He was previously at J.P. Morgan Securities, where his most recent role was head of FX services execution. Al Baptiste joined…
HSBC to merge markets and securities services
HSBC has become the latest universal bank to merge its markets and securities services businesses. After a period of due diligence, HSS will be combined with global markets to form a new unit, Markets and Securities Services. Allegra Berman and Richard Godfrey, co-heads of HSS, will report to Georges Elhedery, co-head of global banking and…
Genesis IM takes Northern’s ITS solution for global equities
Northern Trust is to provide its Integrated Trading Solutions service to UK-based Genesis Investment Management for global equity trading. Neil Dacey, head of trading at Genesis, will take up a management role in Northern Trust’s trading team overseeing emerging markets execution. This builds on Northern Trust’s existing fund administration and custody relationship with Genesis for…
BNY Mellon onboards Liontrust to upgraded MO platform
BNY Mellon has on-boarded Liontrust Asset Management Plc, a UK asset manager, as the first end-to-end client on its new investment operations (middle office) platform. The new open architecture platform, which is still branded as OnCore, aims to improve automation and integration capabilities, and offer enhanced data management and control capabilities to institutional asset managers.…
NTRS reports bump in UK pension fund assets
Northern Trust reports that AuC for UK pension funds grew by more than USD72bn in 2019. The bank provides custody and related services to more than 270 UK pension funds with collectively more than USD851bn AuC.
NTRS hires Sara Gilbert to head European alternatives bus dev
Northern Trust has hired Sara Gilbert as senior executive for alternatives business development in Europe. Based in Luxembourg, she reports to Douglas Gee, head of sales for EMEA. Gilbert joins from AltaReturn in Hong Kong. She previously held roles at SS&C, SunGard/FIS, PerTrac, Financial News and the Financial Times.
U.S. Bank wins two new mandates for Irish funds
Two new mandates for U.S. Bank in Ireland: Catalyst Capital Advisors, LLC has appointed U.S. Bank to provide fund administration and UCITS depositary services. The Carne Group will serve as the management company. New York-based Catalyst is an existing U.S. client, with USD14bn AuM. Iguana Investments has appointed U.S. Bank to provide fund administration and…
SGSS in France to provide local agency services for SLAM’s Lux funds
Swiss Life Asset Managers Luxembourg has mandated Société Générale Securities Services to take over its local representative agent (LRA) and local transfer agent (LTA) activities in France. This new mandate strengthens the partnership between the Swiss Life Group and SGSS. The LRA/LTA activity for Luxembourg funds distributed in France was previously carried out by Swiss…
Northern Trust to provide integrated trading solutions for Illinois Municipal Retirement Fund
18FEB20: Northern Trust has been appointed by the Illinois Municipal Retirement Fund to provide its Integrated Trading Solutions package, including outsourced trading and middle office functionality, for a domestic equity portfolio managed internally by IMRF, the state’s second-largest public retirement plan. Northern Trust and IMRF have a more than 30-year relationship. Northern Trust provides global…