Northern Trust has released two new reporting capabilities – valuation status and advanced client reporting – for its Front Office Solutions clients. The new FOS valuation status tool enables institutional investors to more accurately measure current portfolio values and issues alerts when prices are updated. The advanced client reporting tool allows users to customise report…
Category: Headlines
State Street expands relationship with Protective Life
State Street has expanded its servicing agreement with Protective Life Corporation, a wholly owned U.S. subsidiary of Dai-ichi Life Holdings, Inc., and will now provide the insurer with outsourced accounting services for a significant portion of its separate account life and annuity business. Protective provides financial services through the production, distribution and administration of insurance…
Apex acquires Praesidium in UAE
Apex Group has acquired Praesidium Advisory Ltd., a UAE based compliance and risk advisory firm.
Sanne hires Keith Miller as global head of private debt
Sanne, the UK-listed provider of alternative asset and corporate administration services, has appointed Keith Miller as the global head of private debt. Based in London, he will be responsible for building the private debt and loan agency product offering. Miller joins from Global Loan Agency Services Limited and Nomura International Plc. Sanne’s private debt business…
State Street hires James Day as global head of prod dev for sec finance
State Street has appointed James Day as global head of product development for securities finance. Based in London, he will be responsible for delivering new products, managing regulatory change and providing business solutions. He will report to Martin Tell, global head of securities finance. He was most recently head of securities finance in EMEA at…
State Street to support new active ETFs for Natixis
State Street has been appointed to provide a range of ETF servicing solutions for three active ETFs for Natixis Investment Managers. Natixis is leveraging the NYSE Proxy semi-transparent model. State Street will provide basket creation, NAV dissemination, settlement, custody, financial reporting, fund accounting, order-taking, performance and investment analytics, and transfer agency services. Nick Elward, head…
U.S. Bank supports new multiple series trust from Harborside
Harborside Group, an independent investment sales and marketing firm dedicated to serving the distribution needs of the asset management industry, has launched a multiple series trust that includes comprehensive proactive distribution services. The MST, Total Fund Solution, has been formed in collaboration with U.S. Bank Global Fund Services.
Aztec appointed to administer Deutsche Private Equity’s latest fund
Aztec Group, the C.I.-based administrator, been appointed to administer Deutsche Private Equity’s EUR1bn Fund IV. Aztec will provide administration, reporting and investor services to the fund from its offices in Jersey, Luxembourg and the Netherlands. Aztec also administers DPE’s Fund II and Fund III Established in 2007 and with >EUR2bn AuM, DPE is an independent…
HSBC to administer first ETF launched under Singapore’s VCC structure
HSBC has been appointed as the custodian and fund administrator for CSOP INVESTMENTS VCC – ICBC CSOP FTSE Chinese Government Bond Index ETF. This is the first ETF launched under the authorised Variable Capital Company (VCC) structure in Singapore. CSOP will officially launch the ETF this month.
Citi rolls out enhancements to Clarity data platform
Citi has enhanced its securities services data services platform, Citi Velocity Clarity. The enhancements to Clarity include a new integrated reporting tool that enables clients to overlay their own data, including graphical elements, with Citi held data to publish tailored reports. Data from middle-office trade processing, ETFs, and custody billing has been integrated into Citi’s…