MUFG Investor Services has appointed McAllister (Mac) Kirschner as CEO, effective immediately. John Sergides has stepped down as CEO of MUFG Investor Services for health-related reasons. Kirschner has served as COO of MUFG Investor Services since 2018, He joined MUFG Investor Services in 2016.
Category: Headlines
Aztec supports PCP fund launch
Aztec Group has supported London-based private equity firm Preservation Capital Partners (PCP) on the final close of PCP Fund III, which closed oversubscribed at its hard cap of EUR879m (c. USD1bn), approximately double the size of its predecessor fund. Aztec’s Guernsey team supported PCP throughout the fundraise.
BNY expands with Ripple
Ripple, the provider of blockchain solutions across traditional and digital finance, and BNY have expanded their collaboration to broaden institutional digital asset custody capabilities and explore new institutional use cases for blockchain technology, including tokenised trade finance. The collaboration brings together Ripple’s digital asset solutions and the XRP Ledger (XRPL), a public blockchain, with BNY’s…
State Street and Apollo collaborate on NAV model
State Street has completed the implementation of a daily NAV operating model for certain private markets strategies, expanding its administration abilities to support daily valuation and reporting for investment strategies that have traditionally operated on longer reporting cycles. The model was implemented to support the recent expansion of daily pricing across Apollo‘s private credit business.…
Waystone hosts Quest ETF launch
Waystone, the European provider of specialist services to financial institutions, has supported the launch of the Quest Global Equity Cashflow Compounder ETF via its white-label ETF ICAV platform. The launch marks Quest’s first entry into the ETF market in its 30-year history.
AustralianSuper goes live on LUSID
AustralianSuper has gone live with a new whole-of-fund investment book of record built on Finbourne Technology‘s LUSID platform, providing the fund with a total portfolio view. The new platform brings investment positions, transactions, exposures and portfolio structures into one record, giving the investment team more consistent and timely information.
TMF appoints chief client officer
TMF Group, the Netherlands-based provider of administrative services, has appointed Karan Tewari as chief client officer. He will lead the global client function and join TMF Group’s executive committee. He joins from Thomson Reuters.
RBC wins major ETF mandate
RBC Investor Services has been selected as the ETF service provider for NEI Investments (NEI) as it launches its new exchange-traded series on the Toronto Stock Exchange. NEI, part of the asset management division of Aviso, appointed RBCIS to deliver end-to-end ETF administration and a securities lending program for these four new funds. Beyond creation…
Hindmarsh joins Alter Domus
Alter Domus has appointed George Hindmarsh as head of APAC, based in Hong Kong. He joins after a brief spell at Clearwater Analytics, and has also worked at Citi, Northern Trust and HSBC.
Waystone wins ACD mandate
Waystone, the UK-based provider of specialist services to the asset management industry, has been appointed as ACD to three new funds being launched by Brooks Macdonald, the UK focused investment manager. Waystone will also provide TA services to the funds. Waystone is the UK’s largest independent ACD.