IQ-EQ, the Luxembourg-based administrator, has acquired Blue River Partners, a U.S. provider of fund services to alternative asset managers. The newly combined IQ-EQ U.S. operation will total 200 people in the U.S. as a result of this transaction. Founded in 2009, Blue River services more than 400 clients across the U.S. and employs approximately 180…
Category: Headlines
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…
HSS upgrades m/o services to support Asian growth
HSBC Securities Services has enhanced its global middle office infrastructure and services to support asset manager middle office mandates, especially in Asia where it reports significant growth. The improvements cover trade management and settlement control services, as well as introducing a significantly enhanced investment book of record (IBOR) reporting capability. This is driven by a…
Citi’s Proxymity voting platform rolled out in Australia
Proxymity, Citi’s end-to-end proxy voting platform that directly connects the issuer and investor, has been rolled out in Australia. In collaboration with Computershare, Proxymity was deployed for 561 Australian shareholder meetings with votes covering AUSD86bn (USD58bn) of shares. The platform recorded vote transmission times of as low as 27.5 seconds for European investors that voted…
BP2S promotes Pat Hayes to global head of alternative investors
BNP Paribas Securities Services has made two key appointments. Pat Hayes, who joined in 2016 from State Street as regional head of UK and the Middle East, is promoted to global head of alternative investors, based in Dublin. He will report to Philippe Benoît, global head of strategic business development and transformation. The role has…
Citco hires Ryan Fitzgerald as head of middle office solutions
Citco, the independent administrator, has appointed Ryan Fitzgerald as head of middle office solutions. He joins from Hazeltree Fund Services, a specialist treasury management solutions provider to the buy-side.
Aztec to administer UK RE fund for BMO Real Estate Partners
Aztec Group, the C.I.-based administrator, has been selected to provide administration services for the investments held in the BMO UK Housing Fund, managed by BMO Real Estate Partners, the real estate arm of BMO Global Asset Management.
Crestbridge hires William Turner for Jersey RE team
Crestbridge, the C.I.-based administrator, has appointed William Turner as a director in its real estate services team. Based in Jersey, he will have responsibility for several key client relationships, reporting directly to the Jersey head of the real estate team, Erin Moffat. Turner moves to Crestbridge from Intertrust, where most recently he was a client…
IQ-EQ hires Tamás Márk as new head of real estate in Luxembourg
IQ-EQ has appointed Tamás Márk as its new head of real estate in Luxembourg. He joins from Intertrust, where he was business unit director, real estate solutions.