Janus Henderson has awarded a “long-term strategic mandate” to BNP Paribas to provide a range of fund and market & financing services across the UK, France, Luxembourg, and Australia. BNP Paribas will expand its partnership with Janus Henderson by leveraging the bank’s diversified capabilities, including those of its Global Markets business. Janus Henderson, the asset…
Category: Bank Providers
BNPP extends Auto FX service
BNP Paribas’ securities services business has extended its multi-custodian third-party Automated FX service to continental Europe. La Financière de l’Échiquier, a European asset manager with EUR28bn (USD33bn) AuM, is the first client in France to benefit from the bank’s third-party FX solution, covering all 40 of its French funds.
BBH appointed for KGI OFC
BBH has been selected by KGI Asset Management Limited to support the launch of its new open-ended fund company (OFC) platform. As part of the mandate, BBH is providing services including depositary, fund services, and transfer agency for the Hong Kong domiciled structure.
MSIM launches BTC ETP
Morgan Stanley Investment Management has launched the Morgan Stanley Bitcoin Trust, an ETP. Coinbase and BNY have been appointed to provide digital asset custody services for MSBT. BNY also serves as the administrator and transfer agent and will provide accounting, recordkeeping and cash management services.
Thornburg expands with State Street
State Street has been appointed by Thornburg Investment Management to provide end to end servicing support for Thornburg’s new ETF share classes. Thornburg is a privately owned investment firm with c. USD57bn AuM. Under the expanded mandate, State Street will deliver ETF servicing for Thornburg’s new share classes, including custody, accounting, ETF basket creation, create…
Feynman Point selects Arcesium
Arcesium, which now describes itself as a fintech delivering front–to-back-office solutions to institutional investment firms, has been appointed by Feynman Point Asset Management to deliver reconciliation across digital and traditional assets. Feynman Point Asset Management is an institutional asset manager and RIA. J.P. Morgan is a shareholder in Arcesium.
Bax leaves Citi
Matthew Bax has left Citi after nearly nine years, most recently as head of sales & client for its securities services business. Although no formal announcement has been made, it is understood that Bax is moving to BNY where he will replace Alan Flanagan, who recently moved to U.S. Bank.
Citi wins HK ETF mandate
Citi has been appointed as trustee, custodian and ETF administrator for Fullgoal Asset Management (HK) Limited’s first Hong Kong-domiciled ETF. The Fullgoal Hang Seng HK High Dividend ETF is listed on the Hong Kong Stock Exchange. Fullgoal Asset Management (HK) Limited is the Hong Kong unit of Shanghai-headquartered Fullgoal Fund Management. The group, including its…
Apex collaborates with Zodia
Apex has formed a collaboration between European Depositary Bank, an Apex company, and Zodia Custody, the institution-first digital assets platform with shareholders and investors including Standard Chartered, Northern Trust, SBI Holdings, National Australia Bank, and Emirates NBD. The initiative, which is subject to the relevant regulatory approvals for EDB across Europe, will support the development…
Curtin to retire from Citi
Patrick (Pat) Curtin has announced his intention to retire from Citi, after 16 years of service. Curtin, one of the genuine legends of the industry, joined Citi after a brief period at Swift and 12 years at BNY Mellon. Based in New York, he is currently North American head of securities services. I wish all…