Northern Trust has been appointed by Valverde Investment Partners Pte Ltd. to provide custody, fund administration, FX and cash management services for its newly formed Variable Capital Company (VCC) fund, along with its sub-fund, ASEAN+ Fund (VAPF). Valverde is a newly established, Singapore-based, independent investment management firm specialising in ASEAN equities.
Category: Mandates
Citi wins Nuveen ETF mandate
Citi has won an ETF servicing mandate from Nuveen, the TIAA-owned asset manager. Citi has onboarded 23 ETFs with c. USD9bn AuM. The mandate expands Citi’s relationship with Nuveen, which is an existing client of its markets business.
NTAM outsources to Waystone
Northern Trust Asset Management (NTAM) has outsourced its ETF business to Waystone ETFs. The single ETF, NTAM’s USD287.4m FlexShares Listed Private Equity UCITS, will now be hosted on Waystone ETF’s ICAV platform. NTAM will continue as the investment manager for the ETF. Northern Trust’s asset servicing unit will continue to act as custodian and administrator.
State Street wins further ETF mandates for Capital
Capital Group has launched seven new equity and fixed income ETFs that seek to complement and expand its existing suite of active ETFs, bringing the current total to 21 ETFs. State Street, which is an existing ETF service provider for Capital, has been appointed as administrator and transfer agent for the new funds.
Goldman Sachs supports AI ETF launch
Goldman Sachs has won the first fund launched by a client in EMEA through the Goldman Sachs ETF Accelerator platform with the listing of a new AI-driven equity ETF on the German market. The AI-Enhanced Eurozone Equities UCITS ETF is aimed at institutional and semi-institutional investors, as well as private investors. Ultramarin GmBH, a tech…
Baird selects Confluence analytics solution
Baird, the employee-owned, international wealth management, asset management, investment banking/capital markets and private equity firm, has selected PARis, the portfolio analytics solution from Confluence. PARis will enable Baird to service its institutional clients with data aggregation efficiencies, analytics, and flexible reporting capabilities to support different institutional client types on a single platform. With PARis, data…
State Street wins in Brazil
State Street has been appointed by Bahia Asset Management, a hedge fund manager based in Rio de Janeiro, to provide a range of services including fund accounting, fund administration and investor servicing.
Symbiotics appoints SGSS for front-to-back solution
Symbiotics Asset Management, the Swiss asset management firm, has chosen SGSS’s CrossWise platform for its middle office outsourcing solution, and Dimension, the front office portfolio management system of SGSS’s partner, SimCorp. CrossWise is an integrated and modular outsourcing solution including a front office solution, a dealing desk and middle to back office functions. Symbiotics is…
CLAM consolidates with Northern Trust
Northern Trust has been selected by Canada Life Asset Management (CLAM) for asset servicing solutions including middle office outsourcing, global custody, securities lending, fund administration and depositary services. Northern Trust’s appointment consolidates the provision of all CLAM middle office solutions with a single service provider and includes the provision of both IBOR and data solutions.…
Lansdowne selects HUB for performance reporting
Lansdowne Partners, a UK-based active alternative investment firm, has selected HUB Performance Reporting, a SaaS solution that ingests and standardises data centrally and enables automated share class performance analysis. HUB Performance Reporting eliminates the need for manual data collation, preparation and analysis. HUB delivers a governed and standardised approach, enabling users to create and distribute…