Ultimus Fund Solutions has launched uTRANSACT, a digital portal that provides real-time information and account access for both shareholders and advisers. Developed as part of Ultimus’ uSUITE technology applications, uTRANSACT is offered as part of the firm’s shareholder services and transfer agent offerings. It allows multiple levels of user access, including shareholder, broker firm, broker…
Category: Independents
Apex to acquire FundRock
Apex Group Ltd., the Bermuda-based financial services provider, has announced plans to acquire FundRock Management Company SA and FundRock Partners Ltd. Upon completion of the transaction, Apex would reach close to USD1trn in combined assets across administration, custody, depositary and management. FundRock is the largest third-party manager of UCITS funds in Luxembourg. Terms of the…
Juniper Square launches commercial RE fund admin service
Juniper Square, a U.S.-based real estate technology solutions provider, has launched a technology-driven fund administration service designed for the commercial real estate industry. The offering provides services spanning accounting, reporting, treasury and subscriptions.
AGI selects SS&C’s Sylvan for FI performance and attribution
Allianz GIobal Investors has selected SS&C’s Sylvan as its consolidated global performance measurement and attribution platform for its fixed income businesses. AGI’s fixed income team manages EUR193bn (USD226bn) in assets.
UK’s Britannia Global Markets appoints Broadridge for post-trade support
Britannia Global Markets, a full-service UK-based brokerage house and subsidiary of Britannia Financial Group, has mandated Broadridge Financial Solutions, Inc., a U.S.-based fintech, to streamline its post-trade processing for its international securities business, including cash equities, fixed income and repurchase agreements.
Arcesium expands in India with new office in Bengaluru
Arcesium LLC, a financial technology and professional services firm, has expanded its India-based operations with a new office in Bengaluru. The office is expected to start operations in the second quarter of 2021 with 200 employees, with the potential to grow to 500 employees over the upcoming year. Arcesium expects to complete 2021 with a…
Clark Capital strikes middle office deal with Archer
Clark Capital Management Group, an independent asset manager based in the U.S. with USD20bn AuM, has struck a deal with Archer, a services provider to the asset management industry. Archer is providing a full suite of operations support and will share middle office technologies with Clark Capital.
Nottingham gains SEC approval to offer NYSE’s AMS ETF structure
The Nottingham Company, Inc., a U.S.-based fund services administrator and private label issuer to the mutual fund and ETF industry, has expanded its active non-transparent ETF offering with the SEC’s approval of the firm’s short-form exemptive relief application for the New York Stock Exchange’s Actively Managed Solution ETF structure. This is the second such announcement…
The ID Register hires Stuart Layzell as chairman
The ID Register, a C.I.-based provider of investor onboarding services, has appointed Stuart Layzell as chairman. He was most recently CEO at Ocorian, a fund, corporate and private client services firm.
Carne hires Dai Kazamatsuri as lead director for Japan
Carne Group, the Ireland-based service provider to the asset management industry, has appointed Dai Kazamatsuri as lead director for Carne Japan with responsibility for Carne’s Japanese clients and Japanese business development. He joins Carne from Mizuho Trust & Banking’s Luxembourg subsidiary, where he spent ten years in senior roles leading business planning and development.