Fidinam, a Switzerland-based consultancy firm providing corporate tax and accounting services for digital assets, has partnered with Hex Trust, the Hong Kong-based digital asset custodian and infrastructure platform for banks and financial institutions, to enter the digital asset ecosystem. The partnership enables Fidinam to provide digital asset services to their global clients, leveraging Hex Trust’s…
Category: Headlines
Maples deploys Geneva for Irish AIFM business unit
MPMF Fund Management (Ireland) Limited, the Maples Group‘s alternative investment fund manager and UCITS management company, has launched technology enhancements. MPMF has implemented Advent Geneva, the portfolio accounting system owned by SS&C, to maintain investment books of record. Geneva is a fully integrated multicurrency portfolio accounting system. In addition, MPMF has implemented MSCI Risk Manager…
Ocorian supports sixth PE fund for Pacific Equity Partners
Pacific Equity Partners, an Australia-based private markets fund manager, has closed its sixth core fund with Ocorian, the C.I.-based fund services provider, as administrator. The Cayman-domiciled fund has AUD2.5bn of commitments. Ocorian assisted with the establishment, launch and closings of Fund VI and will continue to provide ongoing support, including administrative, depositary and governance services…
BBH sets up NY trust company to service insurance and reinsurance clients
Brown Brothers Harriman has launched a new institutional trust company incorporated in the State of New York, expanding BBH’s servicing suite for insurance and reinsurance firms and their institutional trust arrangements governed across multiple jurisdictions. The BBH Institutional Trust Company of New York will be led by Diane Wiley, SVP and head of insurance relationship…
IQ-EQ adds two senior managers in Amsterdam
IQ-EQ, the Luxembourg-based administrator, has made two senior appointments in its Amsterdam office. Stefan de Kort joins as director, fund services, while Laurens de Lange, who joined the group in 2018, has been promoted to compliance leader for the Netherlands. de Kort, who was previously self-employed as a business solutions consultant, has worked at State…
State Street to service four new actively managed ETFs for T. Rowe Price
State Street has scored another major coup in the ETF sector, having been appointed as service provider for four recently launched T. Rowe Price active ETFs. For the past three years, State Street has supported T. Rowe Price in the development of service models and launch planning, culminating in the funds’ public availability. As part…
DZ Privatbank in Luxembourg appoints Deutsche Bank for Spanish sub-custody
The Luxembourg office of DZ Privatbank has appointed Deutsche Bank as its sub-custodian in Spain. The company consolidated the fixed income and equity assets it manages in Luxembourg and migrated these assets to Deutsche Bank at the end of July.
Citi wins custody mandate for CAVALI’s dual-listed securities in Peru
CAVALI S.A. ICLV S.A., the CSD for the Lima Stock Exchange, has selected Citi to provide custody and tax services for USD6bn of dual-listed securities. The dual listing platform of the Lima Stock Exchange and CAVALI provides investors with access to international securities. The mandate represents the majority of international assets listed locally.
BNP Paribas planning to expand services in New Zealand via NZX
BNP Paribas Securities Services, which is the first and only global custodian to become a Depository Participant on the NZX clearing and settlement system in New Zealand, is planning to become a general clearing participant within the first half of 2021.
Apex to provide MO services for Tabula’s ETF range
Apex Group, the Bermuda-based fund services provider, has been appointed to provide middle office solutions to Tabula Investment Management Limited. Tabula, a UK-based passive fixed income manager, launched a European ETF platform in 2018, and recently announced the addition of three sub-funds, with HSBC acting as administrator for all six funds on the platform.