23JUL19: U.S. Bank has been appointed as depositary services provider for the Leadenhall UCITS ILS Fund PLC. In this role, U.S. Bank will provide asset safekeeping, fiduciary oversight and cash monitoring to Leadenhall Capital Partners LLP. Through its global fund services business, U.S. Bank will also act as the principal administrator of fund accounting, financial…
Category: Headlines
Hermes appoints Northern Trust for FX management in Ireland
23JUL19: Northern Trust has been appointed by Hermes Investment Management to provide currency management services for its Irish fund range. Ian Kennedy, COO, Hermes Investment Management, said: “Northern Trust have been able to automate our sophisticated currency management investment process and deliver comprehensive reporting and analytics for us. This has increased operational efficiency and enhanced…
Pzena IM extends NTRS relationship to Ireland
22JUL19: Pzena Investment Management, a U.S.-based money manager with USD37.4bn AuM, has selected Northern Trust as fund administrator and global asset servicing provider for its Ireland-domiciled UCITS funds. The appointment extends Pzena’s existing relationship in the U.S. and Australia with Northern Trust.
Intertrust hires Lee Godfrey as MD Western Europe
22JUL19: Intertrust, the Netherlands-based provider of corporate and administration services, has appointed Lee Godfrey, former CEO of Kneip, as managing director Western Europe and a member of the executive committee, starting 1 October 2019. Douwe Terpstra, currently Intertrust Luxembourg COO and a member of the management team, has been appointed as managing director Luxembourg, effective…
Vistra to service Catella’s Lux-domiciled residential fund
22JUL19: Vistra has been appointed as AIFM and depositary of Catella European Residential Fund III. The fund is the first Luxembourg-based pan-European vehicle allowing international investors access to a geographically diversified portfolio of assets in the residential sector.
BP2S links to Broadridge for hedge fund front-to-back solution
22JUL19: BNP Paribas Securities Services has extended its front-to-back outsourcing model for hedge funds with a connection to front office provider Broadridge. With the deployment of Broadridge’s Portfolio Master (formerly Paladyne), a full asset class portfolio management platform with integrated risk and portfolio rebalancing capabilities, BP2S can now offer clients a fully integrated end-to-end outsourcing…
Two new M&A deals in independent fund admin sector
19JUL19: Two M&A transactions in the independent sector: Inflexion Private Equity is set to acquire Estera, a provider of funds, corporate and trust services, from Bridgepoint. Following completion of the investment, Estera will be merged with Inflexion’s existing portfolio company Ocorian. The combined business will operate from 18 global jurisdictions, including Bermuda, Cayman, Guernsey, Ireland,…
Archer hires Pat Green as relationship manager
18JUL19: Archer, a U.S.-based service provider to the investment management industry, has hired Patrick Green to join its relationship management team in the U.S. He was previously at Accenture, where he was an associate director in the asset & wealth management technology practice.
FHLB Chicago choose SS&C’s EVOLV for loan accounting
18JUL19: The Federal Home Loan Bank of Chicago has signed a multi-year agreement to use SS&C Primatics’ EVOLV platform to automate loan and securities portfolio accounting.
Harry Samuel to leave RBC
17JUL19: Harry Samuel is to leave RBC. Samuel has been CEO of RBC Investor & Treasury Services since 2013, and has been at the bank for 30 years. Although a direct replacement has not been announced, it is understood that Francis Jackson, who joined in 2015 as global head of client coverage, will assume responsibility…