L&G Asset Management has transitioned c. GBP20bn (c. USD 27bn) AuA to Alter Domus, following its strategic partnership in 2024. Under the agreement, Alter Domus provides outsourced operational services to L&G, including accounting, reporting, and unit pricing for UK-based real estate funds, and has expanded to include additional asset classes and jurisdictions. Thirty-five L&G staff…
Category: Headlines
Centralis hires from Apex
Centralis has hired Eilin Cabutto as business development director for Centralis USA Inc. She joins from Apex.
NTRS taps Broadridge for class action service
Northern Trust is expanding its global asset recovery capabilities with Broadridge’s proprietary global class action technology, enabling clients to optimise claim recoveries and increase engagement in settlement processes. Enhancements available with the new service include expanded coverage for more than 35 markets and, for the first time, support for opt-in markets where claimants can elect…
FundBank opens in Ireland
FundBank, a provider of banking services to the asset management industry, has appointed David Morrissey as country head for Ireland as it opens a new Dublin operation. He will lead the FundBank (Europe) S.A. Ireland team in Dublin, He has previously worked at SEI and Waystone. The opening the Dublin office follows the launch of…
Allvue integrates Passthrough solution
Allvue Systems, a fintech provider for private capital markets, has integrated Passthrough’s investor onboarding technology. Passthrough is a solution provider for investor onboarding and financial crime compliance. The integration links Allvue’s fundraising and investor portal solutions with Passthrough within the Allvue platform. This integration is expected to simplify the prospecting, onboarding and management processes for…
Adepa installs Fenergo
Adepa, a Luxembourg-based-asset servicing provider, has deployed Fenergo’s software to streamline investor onboarding and enhance compliance across Adepa’s operations, starting in Luxembourg. Fenergo is an Ireland-based provider of client lifecycle management, KYC and transaction monitoring solutions. With a presence in Luxembourg, Italy, Spain, and Latin America, Adepa provides asset servicing solutions to traditional and alternative…
BBH to support new Fidelity ETFs
Fidelity International has launched the U.S. Fundamental UCITS ETF range, including the U.S. Fundamental Small-Mid Cap UCITS ETF, the first semi-transparent ETF in Ireland. BBH has been appointed to support the new funds.
Northern Trust wins IFFEd mandate
Northern Trust has been appointed by the Switzerland-based International Finance Facility for Education (IFFEd) to provide global custody services. The World Bank acts as asset manager for IFFEd.
U.S. Bank promotes Ostrowski
U.S. Bank has appointed Scott Ostrowski as senior product manager for accounting, administration & TA within the Global Fund Services team, based in Milwaukee. He has been at the bank for more than 19 years.
HSBC hires senior funds expert from Citi
Conor Hession has joined HSBC as global head of fund accounting & ETF services, based in Hong Kong. He joins from Citi, where he spent 28 years, most recently as an MD responsible for fund services product management & development across APAC.