Category: Mandates

State Street has been appointed as service provider for Dimensional Fund Advisors’ newly approved ETF share class structure. This is the first in the U.S. under SEC’s final exemptive relief, allowing Dimensional to introduce ETF share classes within its actively-managed mutual fund lineup. State Street will provide end-to-end service support, including custody, fund accounting, ETF…

First Sentier Group has expanded its relationship with Northern Trust with the transition of two U.S. mutual funds to Northern Trust’s Datum One Series Trust. Through Datum One Series Trust, Northern Trust provides custody, fund accounting, fund administration, transfer agency, legal and regulatory support, and board governance services for First Sentier Group’s U.S. mutual funds.…

Aztec has supported Hollyport Capital on the final close of Hollyport Secondary Opportunities IX, which raised USD4.5bn. Aztec delivered an integrated service across Jersey and Luxembourg, including AML onboarding across multiple jurisdictions, depositary and AIFM services, and investor transaction support. Hollyport operates in the private equity secondaries market, with nine funds raised since 2006 and…

BNY has been selected to support an operating model optimisation at Allianz Global Investors. BNY will provide an integrated investment operating model, with a focus on middle and back-office solutions, as well as custody, depositary, transfer agency and fund administration across Germany, Luxembourg and the UK.

Ultimus has supported the launch of Sardis Group’s inaugural interval fund and separate account business. Established in 2024, Sardis engaged Ultimus to provide an operational framework in preparation for the fund’s debut. The firm leveraged Ultimus’ Gateway platform, an operating solution that streamlines the process of bringing registered alternative funds to market. Sardis also tapped…

Northern Trust has been appointed to provide asset servicing solutions to CK Capital Partners, a Netherlands-based fund manager that is an affiliate of Cohen & Company, a U.S. financial services firm. CK is a private markets commercial real estate investment manager. Services provided by Northern Trust will include fund administration, global custody, financial reporting and…

BlackRock has appointed Citi to provide middle office functions for USD4trn in U.S.-domiciled iShares ETFs on the Aladdin platform. The integrated operating model streamlines the lifecycle of an ETF order, offering enhanced transparency into basket composition, order status, and settlement. In 2021 Citi won a USD920bn ETF servicing mandate from BlackRock as the manager rebalanced…

Waystone, the Europe-based provider of specialist services to the global asset management industry, has formed a partnership with Allfunds, the global wealth management platform, for ManCo services in Luxembourg and Ireland. Under the agreement, Waystone will assume ManCo responsibilities for Allfunds’ existing Luxembourg and Ireland-based investment vehicles, with current Allfunds ManCo clients transitioning to Waystone’s…