HSBC has chosen ETF and index data provider Ultumus to be its portfolio composition file (PCF) solution provider. Ultumus will be responsible for performing PCF creation and distribution for HSBC’s ETF clients globally. The first clients will be switched to the Ultumus platform in Q4 with the rest being completed in early 2021.
Category: Mandates
American Fidelity migrates insurance accounting to SS&C
American Fidelity Assurance Company, an Oklahoma-based company, will migrate its insurance investment accounting to SS&C Singularity. Additionally, SS&C’s Precision LM platform will support the full loan lifecycle of American Fidelity’s commercial mortgage investments, including origination, servicing and accounting, and risk-based capital reporting.
Citi adds client reporting functionality to Clarity
Citi has launched a new client reporting solution as the latest enhancement to its middle office services. The new reporting service is built on the Vermilion Reporting Suite, a global client reporting platform, coupled with Citi’s own Clarity data and analytics platform. The new reporting service offers asset manager clients a low-touch, automated solution for…
Itau USA Asset Management consolidates with SS&C GlobeOp
Itaú USA Asset Management has selected SS&C GlobeOp as its fund administrator. IUAM is the U.S. investment management arm of Itaú Unibanco, Brazil’s largest non-government bank. SS&C will provide fund administration, including full middle and back office services, investor services, performance analytics, regulatory compliance assistance and risk-related services for Bank Itaú’s Cayman-domiciled funds.
State Street expands relationship with Protective Life
State Street has expanded its servicing agreement with Protective Life Corporation, a wholly owned U.S. subsidiary of Dai-ichi Life Holdings, Inc., and will now provide the insurer with outsourced accounting services for a significant portion of its separate account life and annuity business. Protective provides financial services through the production, distribution and administration of insurance…
State Street to support new active ETFs for Natixis
State Street has been appointed to provide a range of ETF servicing solutions for three active ETFs for Natixis Investment Managers. Natixis is leveraging the NYSE Proxy semi-transparent model. State Street will provide basket creation, NAV dissemination, settlement, custody, financial reporting, fund accounting, order-taking, performance and investment analytics, and transfer agency services. Nick Elward, head…
Aztec appointed to administer Deutsche Private Equity’s latest fund
Aztec Group, the C.I.-based administrator, been appointed to administer Deutsche Private Equity’s EUR1bn Fund IV. Aztec will provide administration, reporting and investor services to the fund from its offices in Jersey, Luxembourg and the Netherlands. Aztec also administers DPE’s Fund II and Fund III Established in 2007 and with >EUR2bn AuM, DPE is an independent…
HSBC to administer first ETF launched under Singapore’s VCC structure
HSBC has been appointed as the custodian and fund administrator for CSOP INVESTMENTS VCC – ICBC CSOP FTSE Chinese Government Bond Index ETF. This is the first ETF launched under the authorised Variable Capital Company (VCC) structure in Singapore. CSOP will officially launch the ETF this month.
CACEIS takes over fund accounting for KGAL in Germany
CACEIS Fonds Service GmbH has taken over fund accounting for 16 closed-end special funds for KGAL Group. The funds’ assets are EUR3.6bn. Both parties have completed the transfer of the associated team from KGAL, based in Gruenwald near Munich, to CACEIS. CACEIS provides bookkeeping, including the calculation of NAVs, financial balancing, regulatory reporting, and production…
SS&C to provide TA for Conbrio Fund Partners
Conbrio Fund Partners has selected SS&C to provide transfer agency for its GBP1.5bn fund range. Conbrio, formerly known as Castlefield Fund Partners, is the Authorized Corporate Director (ACD) for the CFP Sanford DeLand and the CFP Castlefield fund ranges. SS&C will be providing full-service support to Conbrio’s clients, including distributor and institutional client services.