BBH has been selected by New Alternatives Fund to provide custody services. The U.S.-based manager is a socially responsible mutual fund focused on renewable energy and the environment.
Category: Mandates
HSBC wins Sukuk ETF mandate
HSBC has been appointed to provide trustee, global custody and fund administration services for Premia BOCHK Saudi Arabia Government Sukuk ETF in both Hong Kong and Saudi Arabia.
BNPP wins EUR5.4bn Dutch mandate
BNP Paribas has been appointed by Stichting Oak Pensioenfonds as its global custodian and administrator for its total invested assets of EUR5.4bn (USD6.1bn). The services include custody, investment administration, investment compliance, performance measurement and regulatory reporting.
ProShares appoints Ultimus
Ultimus an independent provider of fund administration, accounting, and investor solutions, has been appointed by ProShares, a provider of ETFs and mutual funds, as fund administrator for 116 mutual funds offered by its affiliate, ProFunds. ProShares and its affiliates manage over USD80bn. Ultimus will provide fund accounting, financial reporting, tax and compliance services. The Ultimus…
U.S. Bank selects Fenergo
U.S. Bank Global Fund Services has engaged Fenergo, the provider of client lifecycle management technology, to digitise and streamline the investor onboarding and service experience. This is the first step in a multi-year transformation for the fund servicing business.
HSBC to provide MO services to Eastspring
Eastspring Investments, the Asia-based manager owned by the UK’s Prudential, has appointed HSBC to provide middle office outsourced services and support its growth ambitions across multiple Asian markets, including Singapore and Malaysia. HSBC’s MO services will be integrated into BlackRock’s Aladdin platform, which Eastspring has been using since 2019. HSBC’s securities services relationship with Eastspring…
Langham Hall supports new PX3 fund
Langham Hall and Carey Olsen have advised PX3 Partners, the London-headquartered private equity firm, on the final close of its inaugural fund, PX3 Partners Fund I, at its EUR500m hard cap. The close brings PX3’s total assets under management to EUR1.1bn.
Schroders appoints BNPP
BNP Paribas has won a mandate from Schroders, on behalf of Future Growth Capital, a private markets business formed by Phoenix Group and Schroders to provide UK pension schemes with access to UK and global private markets. BNP Paribas will provide fund administration, global custody and loan administration services in the launches of two new…
Yealand wins Charteris mandate
Yealand Fund Services has been appointed by Charteris Treasury Portfolio Managers Limited as Authorised Corporate Director (ACD), fund administrator, and registrar for its UCITS umbrella, the YFS Charteris UK UCITS ICVC.
NTRS wins LTAF mandate
Northern Trust has been appointed to provide Partners Group with fund administration, depositary, and banking services for its first LTAF. Based in Switzerland, Partners Group is one of the largest firms in the private markets industry with over USD150bn AuM. The new LTAF, the Partners Group Generations Private Credit LTAF, focuses on providing defined contribution…