State Street has scored another major coup in the ETF sector, having been appointed as service provider for four recently launched T. Rowe Price active ETFs. For the past three years, State Street has supported T. Rowe Price in the development of service models and launch planning, culminating in the funds’ public availability. As part…
Category: Mandates
DZ Privatbank in Luxembourg appoints Deutsche Bank for Spanish sub-custody
The Luxembourg office of DZ Privatbank has appointed Deutsche Bank as its sub-custodian in Spain. The company consolidated the fixed income and equity assets it manages in Luxembourg and migrated these assets to Deutsche Bank at the end of July.
Citi wins custody mandate for CAVALI’s dual-listed securities in Peru
CAVALI S.A. ICLV S.A., the CSD for the Lima Stock Exchange, has selected Citi to provide custody and tax services for USD6bn of dual-listed securities. The dual listing platform of the Lima Stock Exchange and CAVALI provides investors with access to international securities. The mandate represents the majority of international assets listed locally.
Apex to provide MO services for Tabula’s ETF range
Apex Group, the Bermuda-based fund services provider, has been appointed to provide middle office solutions to Tabula Investment Management Limited. Tabula, a UK-based passive fixed income manager, launched a European ETF platform in 2018, and recently announced the addition of three sub-funds, with HSBC acting as administrator for all six funds on the platform.
BOCOM Trustee selects SS&C’s Geneva in Hong Kong
Bank of Communications Trustee Limited, a Hong Kong-based trustee subsidiary of China’s Bank of Communications, has selected SS&C’s Geneva, Geneva World Investor, Recon and SS&C’s professional services to assist with workflows. BOCOM Trustee has provided fund administration services in Hong Kong for almost 20 years. Stephen Yeung, chief executive of BOCOM Trustee, said: “The SS&C…
Apex to provide accounting/reporting services for DIFC-based ENBD REIT
Apex Group, the Bermuda-based fund services provider, has been appointed by ENBD REIT (CEIC) PLC to provide property-level accounting and reporting services for all 11 properties in the REIT’s portfolio using Yardi property management technology. ENBD REIT is a closed-ended DIFC investment company, managed by Emirates NBD Asset Management Limited, and invests in a diversified…
NES to provide OZ admin services for USVI Hemp Fund
NES Financial, the Silicon Valley-based administrator that was recently acquired by JTC, has been mandated to provide its purpose-built Opportunity Zone fund administration solution to USVI OZ Hemp Fund.
AIA takes new predictive collateral coverage reporting solution from BP2S
BNP Paribas Securities Services has launched a service to help asset owners measure and monitor the counterparty and liquidity risk arising from their derivatives exposure and anticipate their long-term collateral requirements. The service is already in use by AIA Group, a longstanding risk and analytics client. In 2016 AIA appointed BNPP as its OTC derivatives…
HSBC wins mandate for three new Tabula ETFs in Ireland
Tabula Investment Management Limited, a UK-based passive fixed income manager, has appointed HSBC to service an additional three sub funds on its Ireland-domiciled Tabula ICAV UCITS platform. Tabula North American CDX High Yield Credit Short UCITS ETF was launched in June 2020 and listed on the London Stock Exchange the following month. Tabula will launch…
BACCI launches Irish UCITS fund on Prescient ICAV platform
BACCI Investment Solutions, a financial services provider based in South Africa, has launched its first Irish UCITS fund, the BACCI Global Equity Fund, on the Prescient Global Funds ICAV platform.