Three management appointments for IQ-EQ, the Luxembourg-based administrator. Kenny Yeung joins as business development director in Hong Kong. He was previously at Vistra. Peru & Partners, an specialist fund services provider dedicated to the French private equity market which IQ-EQ acquired in 2019, has added two new departmental heads: Christophe Pasquier will lead the firm’s…
Category: Headlines
The Securities Services Advisory Group launched in UK
A new trade association has been formed in the UK. The stated objective of The Securities Services Advisory Group (TSSAG) is “to link professionals from different lines of knowledge based around the world, creating a forum for regular interaction and dialogue, to share ideas and build opportunities for member firms”. Viraj Kulkarni, founder of Pivot…
State Street’s BestX launches equities TCA module
BestX, State Street’s FX and fixed income best execution analytics platform, has expanded its execution analytics software and launched a post-trade transaction cost analysis module for equity markets. State Street, which bought TCA specialist Elkins/McSherry in 1999, intends to integrate both platforms to deliver a single TCA offering.
AIA takes new predictive collateral coverage reporting solution from BP2S
BNP Paribas Securities Services has launched a service to help asset owners measure and monitor the counterparty and liquidity risk arising from their derivatives exposure and anticipate their long-term collateral requirements. The service is already in use by AIA Group, a longstanding risk and analytics client. In 2016 AIA appointed BNPP as its OTC derivatives…
HSBC wins mandate for three new Tabula ETFs in Ireland
Tabula Investment Management Limited, a UK-based passive fixed income manager, has appointed HSBC to service an additional three sub funds on its Ireland-domiciled Tabula ICAV UCITS platform. Tabula North American CDX High Yield Credit Short UCITS ETF was launched in June 2020 and listed on the London Stock Exchange the following month. Tabula will launch…
Alter Domus promotes Tim Toska to global head of private equity
Tim Toska has been appointed global head of private equity at Alter Domus, the Luxembourg-based administrator. Toska, who joined Alter Domus after the 2017 acquisition of Carta Fund Services, was previously co-head of private equity fund administration for North America. He is based in the U.S.
BACCI launches Irish UCITS fund on Prescient ICAV platform
BACCI Investment Solutions, a financial services provider based in South Africa, has launched its first Irish UCITS fund, the BACCI Global Equity Fund, on the Prescient Global Funds ICAV platform.
Sudrania adds three senior managers in U.S. & India
Sudrania Fund Services, the Chicago-based fund administrator, has added three senior managers to its team, bringing global headcount to >200. Amit Arora joins from NAV Fund Administration Group as vice president of client success. Skyler Steinke, who was a business development director at Ultimus Fund Solutions, joins as a senior vice president of business development.…
ReAssure hands HSBC two mandates for GBP43bn
ReAssure Limited, the UK life and pensions company, has appointed HSBC as custodian and fund administrator for GBP28bn (USD36bn) of assets after ReAssure’s GBP650m acquisition of 1.1 million closed life insurance policies from Legal & General. Separately, ReAssure has also appointed HSBC as fund administrator of its shareholder book, amounting to GBP15bn (USD19bn) of assets.…
ebase appoints SGSS and MFEX for fund services in Germany
European Bank for Financial Services (ebase), the German digital investment platform which was acquired by FNZ Group in 2019, has selected Société Générale Securities Services in Germany and MFEX Mutual Fund Exchange AB for its brokerage, custody and trailer fee management services. Under the mandate, MFEX and SGSS will provide services for several thousand funds…