Berenberg, one of Europe’s oldest privately owned banks, has appointed BNP Paribas to provide depositary bank, transfer agency, listed derivatives clearing, and OTC derivatives services in Germany and Luxembourg. This new mandate expands Berenberg’s long-term partnership with BNP Paribas, which already includes local clearing, settlement, and custody services across multiple markets. The mandate covers Berenberg’s…
Category: Mandates
NZ Super expands with Northern Trust
The New Zealand Superannuation Fund has expanded its relationship with Northern Trust to include data services through its data warehouse solutions offering. Northern Trust has provided the NZ Super Fund with global custody and compliance monitoring services since 2007 and securities lending services from 2019. Northern Trust Asset Management has provided investment management services to…
DTOS opts for PAXUS
DTOS Ltd, a corporate service provider within the Mauritius International Financial Centre, has selected the PAXUS fund administration system for its third-party accounting operations. DTOS has opted for a full SaaS PAXUS-CLOUD deployment model. PAXUS is provided by PFS, a subsidiary of Apex.
Aztec appointed by Corten
Aztec Group has been appointed as fund administration provider to Corten Real Estate, a U.S.-based real estate investment manager. Aztec is providing Corten with fund administration, financial reporting and investor relations services from its Philadelphia office. Corten focuses on providing solutions and strategic capital to stakeholders across real estate sectors in the U.S.
Awqaf partners with Apex
Apex Group has been appointed by Awqaf Investment, the investment arm of the General Authority for Awqaf in Saudi Arabia, as its new strategic partner. Awqaf provides investment services to the non-profit sector. Apex Group will be providing fund accounting, transfer agency, and middle & back office outsourcing. In 2023 State Street completed implementation of…
BNPP wins major European mandate
BNP Paribas has been mandated by Flossbach von Storch, one of Europe’s leading independent asset managers with >EUR 70bn (USD76bn) AuM, to provide services including global custody, fund accounting, and transfer agency for its UCITS funds in Germany and Luxembourg, covering >EUR 50bn (USD54bn) in assets.
Varys appoints FundRock for ADGM fund
Varys Capital has appointed FundRock Investment Management Services (ME) Ltd, the Apex-owned fund management company, to manage a feeder fund, Varys Capital Ventures (CEIC) Limited in the Abu Dhabi Global Market. Apex Fund Services (AD) Limited has been appointed as fund administrator.
Northern to service new ELTIF
Partners Group has appointed Northern Trust to provide fund accounting, transfer agency, depositary and corporate secretarial services for its new European Long Term Investment Fund (ELTIF)-compliant Private Equity Evergreen Fund, structured as a Luxembourg-domiciled SICAV. Based in Switzerland, Partners Group is a private markets firm with USD147bn AuM.
BGV signs with Allvue
Allvue Systems, a provider of alternative investment technology solutions, has been mandated by BGV to provide investor portal software. BGV is an early-stage venture capital firm based in Silicon Valley focusing on global Enterprise 4.0 technology innovation. Allvue’s solutions will streamline the growing firm’s investor relations and prospective investor communications efforts through the delivery of…
Kingsview expands with Ultimus
Ultimus, the U.S.-based provider of fund administration, accounting, and investor solutions, has been appointed by Kingsview Wealth Management, LLC to support four new ETF launches. Ultimus first worked with Kingsview in 2021 to support the launch of the three initial Monarch ETFs.