State Street has been selected by Principal Financial Group, a financial services company specialising in retirement solutions, asset management and insurance, to provide custody, fund accounting and administration services for Principal Funds. The mandate builds on a relationship between State Street and Principal that spans more than a decade, during which State Street has supported…
Category: Mandates
AB expands with BBH
BBH is supporting the expansion of AllianceBernstein’s global ETF platform with the launch of its active UCITS ETF business in Europe. The new ETFs are domiciled in Luxembourg and form part of the existing umbrella structure that BBH already services for AB’s Luxembourg fund range.
Tatton appoints Citi & FundRock
Citi has been appointed as depository and custodian by Tatton Investment Management Ltd for the Tatton fund range in the UK. Apex FundRock has been appointed as the authorised corporate director. The appointments cover multiple UK fund umbrellas and approximately GBP10bn (USD13.5bn) AuM. Alongside the ACD mandate, Apex will provide fund administration and transfer agency,…
Ultimus expands with DF
Ultimus has expanded its long-standing partnership with Donoghue Forlines. In addition to continuing administration services for Donoghue’s mutual funds and variable insurance trusts, Ultimus has extended its scope to include servicing the DF Tactical 30 ETF.
Dimensional selects SS&C
Dimensional Fund Advisors has appointed SS&C to support the launch of ETF share classes of its U.S. multi-class funds. SS&C will provide operational and technology support to facilitate mutual fund share class–to–ETF share class conversions. Dimensional is headquartered in Austin, Texas, and has 15 global offices across North America, Europe, Asia Pacific, and Australia. As…
UI appoints BNY
Universal Investment, the Germany-based fund services provider, has appointed BNY as its servicing partner for its Irish ICAV-based ETF platform. BNY will provide fund administration, depositary services, and ETF-specific operational support.
RLAM appoints SS&C in Australia
Royal London Asset Management, a UK-based fund manager, has extended its relationship with SS&C, which will provide fund administration and unit registry services for its new range of Australian active funds, Equity Trustees will serve as the responsible entity for the funds, which have been launched with around AUD1bn in AuM. SS&C will provide fund…
Waystone supports Mackenzie UCITS
Mackenzie Investments, a Canadian asset manager, has launched a UCITS fund in Luxembourg through Waystone’s platform.
BBH expands account opening API
BBH has expanded its account opening API connectivity to custodians, with SEB being the first to implement the solution. This builds on last year’s API integrations with major European fund distribution platforms, Allfunds, Clearstream and Euroclear. BBH’s account opening API supports straight-through exchange of account opening requests and confirmations between distributors, banks, platforms and custodians,…
ZILO signs TA client
ZILO, the UK-based fintech specialising in global asset and wealth management software, has signed UK-based Yealand Fund Services as a client for its TA product.