Mainstream Fund Services, an Australian administrator, has launched its private equity solution in Asia-Pacific. Mainstream has signed Korea Development Bank Asia Limited as its first client in the region, administering KDBA’s Cayman fund in Hong Kong.
Category: Headlines
Carne Group appoints John Herlihy as non-executive chairman
Carne Group, the Ireland-based fund services provider, has appointed John Herlihy as non-executive chairman of its board of directors. Herlihy has previously held roles at Google, First Data, Oracle and Adobe.
Northern Trust appoints senior officers for ME&A
Northern Trust has appointed Areej Al-Mokbel as chief operating officer for the Middle East and Africa, responsible for overseeing business operations in Riyadh and Abu Dhabi. Al-Mokbel has spent over 12 years working in asset management and asset servicing, holding senior management and business leadership positions with HSBC Saudi Arabia. Prior to that, she held…
RBC to service Presima’s real estate yield fund
RBC Investor Services has been appointed to provide custody and administration services for the Presima Yield Fund. Headquartered in Montreal, Presima focuses on real estate securities, and is a wholly-owned subsidiary of MLC Asset Management.
Bardin Hill IM takes SS&C’s Eze OMS for FI portfolio
Bardin Hill Investment Partners, a credit-focused investment management firm with >USD8.5bn AuM, has chosen SS&C’s Eze OMS for its fixed income portfolio. The firm has also implemented the latest version of SS&C Geneva for fund accounting. Eze OMS now supports Bardin Hill’s operations across equities, performing credit, opportunistic credit, litigation finance, UCITS, 40 Act and…
Sudrania opens office in Singapore
Sudrania Fund Services, a Chicago-based administrator, has opened an office in Singapore. Sudrania also has offices in Hong Kong, India, the U.S., and the Cayman Islands.
France’s Sunny AM takes SGSS’s CrossWise solution
Sunny AM, a French asset management firm, has chosen SGSS’s CrossWise front-to-back service for its middle office and for the provision of the front office portfolio management system SimCorp Dimension. SGSS is already the custodian, trustee and fund administrator of all Sunny AM funds.
Nick Maton joins Intertrust as Luxembourg country head
Intertrust has appointed Nick Maton as Luxembourg country head. Maton was previously head of HSBC’s securities services business in Luxembourg, and has also worked at J.P. Morgan.
EFA to administer RAM’s AI-driven sustainable fund
RAM Active Investments has selected EFA, the Luxembourg-based administrator, for its AI-driven sustainable fund, the RAM Stable Climate Global Equities Fund. Headquartered in Geneva, RAM Active Investments is an affiliate of Mediobanca Group, with AuM of USD 3.1bn.
Citi wins domestic fund custody licence in China
Citi has received a domestic fund custody licence from the China Securities Regulatory Commission (CSRC). The announcement makes Citi the first U.S. bank, and the first bank among the top five global custodians, to be granted such a licence, which will enable Citi to provide custody-related services to both mutual funds and private funds domiciled…