BNY has lost a senior manager from its already underpowered asset owners team. Anders Reinertsen, who was head of the asset owners sector for the Americas, has joined Clearwater Analytics as market principal for asset owners, based in New York.
Category: Headlines
JTC links with Winterflood
JTC has formed a partnership with Winterflood’s custody business, Winterflood Business Services, to provide a custody platform to JTC’s clients. The collaboration will bring WBS’s technology and infrastructure to JTC’s clients, a move aimed at enhancing and modernising its global custody solutions. WBS has established a dedicated Jersey-based team.
Apex hires Canada country head
Apex has appointed Alex Dameski as country head for Canada. He joins from Northern Trust Canada, where he served as chief strategy officer and chief client officer.
UI agrees to Swedish deal
Universal Investment Group has agreed with Advisense Group AB, the sole shareholder of FCG Fonder AB, for the acquisition of FCG Fonder AB by UI, subject to approval by Finansinspektionen, the Swedish regulatory authority. FCG Fonder is a Swedish provider of third-party ManCo and fund administration services with EUR4.6bn (USD5.4bn) AuA. The deal will add…
CRD expands PA support
Charles River Development, a State Street company, plans to expand its support of private market assets within the unified managed accounts capabilities. The offer aims to provide a streamlined and integrated solution with advanced portfolio management capabilities across public and private assets within a single portfolio. The expanded solution is intended to address the administrative…
JTC opens in Brazil
JTC, the C.I.-based administrator, has opened an office in São Paulo, Brazil. The office will offer corporate, fund and private client services for local and foreign businesses.
TMF wins new fund mandate
TMF Group, a European provider of private market fund administration services, has won a mandate to be the fund administrator for Innovation X Capital Partners III, a new fund of Innovation X Advisors LLC. With this deal, Innovation X Advisors expands its partnership with TMF Group, which started in 2019. TMF Group has been appointed…
Fundsmith expands with SS&C
Fundsmith, the UK-based asset manager, has expanded its relationship with SS&C to include support for the launch of its Fundsmith Equity ETF in the U.S. Fundsmith will use SS&C for fund administration, accounting, compliance, legal and distribution services. SS&C will also provide trading and capital markets services through SS&C ALPS Series Trust. Fundsmith manages total…
Altum hires for UK RE team
Altum Group, a C.I.-based-provider of fund, corporate and family office solutions, has appointed Matt Philpott to the firm’s real estate team in the UK. He will support the delivery of administration and relationship management, overseeing complex portfolio transitions, ensuring consistent communication with directors, and providing oversight on structuring, governance and onboarding processes.
State Street to link with QNB
State Street and QNB Group plan to form a strategic alliance to introduce a new custody servicing model in Qatar. Under this co-operation agreement, State Street and QNB Group have agreed to collaborate, with service agreements to be finalized and executed at a later date. QNB has USD65bn AuC.