Citi has been appointed by the Taiwan Depository & Clearing Corporate (TDCC) to provide global custody services. The selection comes as TDCC implements a new centralised custody platform to improve asset safety for local investors holding overseas investments via local brokers.
Category: Mandates
NT wins new ITS mandate
True Potential, a UK-headquartered wealth management firm, has expanded its relationship with Northern Trust to include outsourced trading via its Integrated Trading Solutions solution. Northern Trust will assume the trading function across True Potential’s internally managed funds with approximately GBP6.1bn (USD7.8bn) AuM. Northern Trust currently provides fund accounting, transfer agency, custody and depositary services to…
Credicorp moves to Multifonds
Credicorp Capital, the investment management and advisory company, has gone live on Temenos Multifonds delivered as SaaS. The company is part of Credicorp Ltd., one of the largest financial groups in Latin America, whose subsidiaries include insurance, pension funds and microfinance providers in addition to BCP, Peru’s biggest bank. Credicorp Capital’s asset management business has…
BNY wins ETH ETP mandates
BNY has been appointed as administrator for seven of the nine ETH ETPs approved for trading in the U.S. in July. BlackRock (ETHA), Bitwise (ETHW), Grayscale (ETHE & ETH), Franklin Templeton (EZET), 21shares (CETH), and Invesco Galaxy (QETH) have named BNY as the cash custodian, transfer agent, and administrator, providing administrative, tax and accounting services,…
Westwood expands with Ultimus
Ultimus Fund Solutions, the independent provider of fund administration, accounting, and investor solutions, has expanded its longstanding partnership with Westwood Holdings Group following the launch of two new actively managed ETFs. Headquartered in Dallas, Texas, Westwood manages multiple investment strategies tailored to institutional investors, private wealth clients, and financial intermediaries. Recently, Westwood expanded its offerings…
Apex supports new JGIA PE fund
Apex Group is working with Japan Growth Investments Alliance, a private equity manager, to provide fund administration services to JGIA III Series Fund. The appointment comes after Apex supported a previous JGIA Series Fund.
State Street wins ETH ETF mandates
State Street has been appointed as a service provider by two issuers of the recently-approved ETH spot ETFs in the U.S. VanEck (ETHV) and Fidelity (FETH) have selected State Street to provide cash custody, fund accounting, transfer agency, basket services and electronic order taking.
UBS AM outsources to CBRE
CBRE has been appointed by UBS Asset Management’s U.S. real estate & private markets business to provide a range of fund administration and related services for its U.S. real estate and farmland assets. As part of the agreement, a team from UBS Asset Management has moved to CBRE. Services provided by CBRE under this agreement…
Aztec supports eevolve fund launch
Aztec Group, the C.I.-based fund and corporate services provider, has supported the launch of eevolve Partnership SCSp, the first fund from eevolve, the Swiss asset manager established in 2022. The fund was oversubscribed at EUR372m (USD404m). Aztec will continue to provide ongoing administration and accounting services to the fund and its investment structures from its…
Yealand selects Confluence for NAV service
Yealand Fund Services, a small UK-based ACD and fund administrator, has selected Confluence’s valuations pricing service to deliver greater transparency and efficiency in the pricing of multi-asset class financial instruments to its clients. Yealand will replace a previous provider to enhance the accuracy of data feeding its operational, portfolio management, and risk management processes while…