Northern Trust has been appointed to provide its Integrated Trading Solutions service and MiFID II transaction reporting to Charles Taylor Investment Management (CTIM), the fund management business of Charles Taylor plc, a professional services and technology solutions provider to the global insurance market. CTIM has USD2bn AuM. The mandate expands CTIM’s existing relationship with Northern…
Category: Mandates
1618 Investment Funds selects SGSS’s CrossWise solution
1618 Investment Funds, the Luxembourg-based asset management company, has selected CrossWise, the front-to-back outsourcing solution offered by Société Générale, for its Luxembourg SICAV.
BNP Paribas wins USD7.5bn mandate from Colombia’s Protección
BNP Paribas has been appointed as global custodian by Protección S.A. and has onboarded Protección’s foreign portfolio of over USD7.5bn in assets. Protección S.A. is one of the largest pension funds in Colombia with over USD31bn in assets. One of its main shareholders is SURA Asset Management, which is a subsidiary of SURA Group, one…
BNP Paribas wins EUR8.6bn Pensioenfonds PostNL mandate
BNP Paribas Securities Services has been selected by Pensioenfonds PostNL to provide custody and value-added services. Pensioenfonds PostNL is the company pension fund of PostNL, and has a total asset base of EUR8.6bn. The mandate, effective from 1 January 2020, covers custody, investment accounting, investment compliance, regulatory reporting, and performance and risk analytics services.
Aberdeen Standard Investments consolidates TA with SS&C
Aberdeen Standard Investments (ASI), a UK-based asset manager with >USD676bn AuM, has signed a multi-year contract with SS&C until 2025 for transfer agency services. SS&C helped ASI to consolidate and standardise investor servicing across the combined Aberdeen and Standard Life global operations following the 2017 merger.
Apex to service EUR10.6bn Prologis European Logistics Fund
Prologis, the U.S.-based industrial real estate investment manager, has selected Apex Group to provide depositary and transfer agency services to the Prologis European Logistics Fund. PELF is Europe’s largest open-ended logistics fund, with assets valued at EUR10.6bn. The fund, which is domiciled in Luxembourg, will be serviced by the Apex subsidiary, European Depositary Bank.
NES Financial to service Resolute’s energy funds
05AUG19: NES Financial, the Silicon Valley-based administrator, has been selected by Resolute Capital Partners as the third-party administrator for the firm’s energy asset funds.
UAE-based Introspect Capital appoints Northern Trust
29JUL19: Dubai-based asset manager Introspect Capital has appointed Northern Trust to provide global custody and brokerage services. Founded in 2017, Introspect Capital invests primarily in equities across the Middle East, North Africa and South Asia.
Leadenhall Capital Partners appoints U.S. Bank as Irish UCITS depositary
23JUL19: U.S. Bank has been appointed as depositary services provider for the Leadenhall UCITS ILS Fund PLC. In this role, U.S. Bank will provide asset safekeeping, fiduciary oversight and cash monitoring to Leadenhall Capital Partners LLP. Through its global fund services business, U.S. Bank will also act as the principal administrator of fund accounting, financial…
Hermes appoints Northern Trust for FX management in Ireland
23JUL19: Northern Trust has been appointed by Hermes Investment Management to provide currency management services for its Irish fund range. Ian Kennedy, COO, Hermes Investment Management, said: “Northern Trust have been able to automate our sophisticated currency management investment process and deliver comprehensive reporting and analytics for us. This has increased operational efficiency and enhanced…