Fenergo, the provider of AI-powered solutions for KYC/AML, and client lifecycle management, has been appointed by Aduro Advisors, LLC, a U.S.-based fund administrator serving venture capital and private equity firms. This collaboration is in response to the final FinCEN AML rule, which is set to take effect on January 1, 2026. Aduro services >600 firms…
Category: Mandates
ProCapital expands with BNPP
BNP Paribas has been mandated by ProCapital, an investment services provider and subsidiary of Crédit Mutuel Arkéa. The mandate covers European markets and includes local and global custody, clearing, securities lending, AutoForex, execution and clearing of listed derivatives. ProCapital will deploy BNP Paribas’ execution-to-custody solution, ensuring the integration of cash equities trade execution in Germany,…
Bayer appoints Northern Trust for carbon credits
Northern Trust has been selected by Bayer to act as one of its providers for the digital lifecycle management of the Bayer Carbon Program, the company’s voluntary carbon credits program. A part of Bayer’s carbon credits inventory has been recorded on The Northern Trust Carbon Ecosystem, a digital platform for the end-to-end lifecycle management of…
Aegon launches LTAF
The UK’s Financial Conduct Authority has granted approval for the launch of the CG Aegon AM Private Credit LTAF, Aegon Asset Management’s first long term asset fund. Carne Group, which claims to be Europe’s largest independent third-party ManCo, will be the authorised corporate director (ACD) of the fund.
ATP appoints BNY
BNY has been selected by Arbejdsmarkedets Tillægspension (ATP), Denmark’s mandatory government pension scheme, to provide custody and associated services. BNY will provide asset servicing, trade support, collateral management, and other services for ATP’s DKK 718bn (USD100bn) in assets. With 5.6 million members, ATP is one of the largest asset owners in Europe, providing income-related pensions…
State Street onboards UK TA client
State Street has onboarded River Global as a client of its newly launched transfer agency service in the UK, supported by ZILO, a fintech specialising in global asset and wealth management software. State Street participated in ZILO’s Series A fundraising round in January 2024. State Street offers institutional transfer agency services in 14 markets.
BNY wins in South Africa
Futuregrowth Asset Management has appointed BNY to provide performance solutions. BNY’s software will provide Futuregrowth with a performance engine and analytics enabling Futuregrowth to compute daily attributions. Futuregrowth is a fixed income manager based in South Africa.
Ultimus supports active ETF launch for Ocean Park
Ultimus has supported the launch of four new active ETFs for its longstanding client, Ocean Park Asset Management. The ETFs are in addition to eight mutual funds that Ultimus has supported since 2007.
Brickwood appoints NTRS
Northern Trust has been appointed by Brickwood Asset Management, a UK asset management firm launched in 2024, to provide asset servicing solutions across front, middle and back-office functions. Solutions to be provided include Northern Trust’s investment data science partnership with Equity Data Science, as well as outsourced trading via Integrated Trading Solutions and a range…
Maples advises on new fund
Maples and Calder, the Maples Group’s law firm, has advised on the launch of the Daiwa Blackstone Infrastructure Fund. The fund, which was recently launched, is structured as a Cayman Islands unit trust and is authorised for public offering in Japan. The fund is managed by IQ-EQ Fund Management (Ireland) Limited, IQ-EQ’s Irish fund management…