Goldman Sachs Asset Management has appointed BNY Mellon to provide buy-side trading services for a division of its EMEA business. As part of the agreement, BNY Mellon is delivering global trade execution services in EMEA, U.S. and APAC markets across fixed income, FX, derivatives and ETFs. BNY Mellon’s Buy-Side Trading Solutions unit supports institutional clients…
Category: Mandates
BBH adopts Pirum’s Recalls Manager
BBH has adopted the Recalls Manager module from Pirum, the post-trade services fintech that focuses on the securities finance industry. BBH has implemented Recalls Manager to reduce securities lending fails and leverage automation and real-time coverage to promote a smooth transition to the shortened T+1 settlement cycle. This expands BBH and Pirum’s long-standing relationship. BBH…
Carnegie Fonder moves to UI
Carnegie Fonder, a Sweden-based asset management company, has selected Universal Investment Group as the new ManCo for its UCITS SICAV fund range in Luxembourg. Carnegie Fonder is part of Carnegie Group. The transfer includes a partnership with UI efa as the central administrator and transfer agent, with SEB as custodian. The SICAV, with several sub-funds,…
Maples supports new CLO fund
The Maples Group has supported Lakemore Partners, a private credit investment firm, with fiduciary, legal and fund administration services for its Aquatine V fund structure. The fund, which allocates to U.S. collateralised loan obligations, raised USD560m on final closing.
BNPP wins ETF mandate in Asia
BNP Paribas has been appointed as custodian and administrator for the newly launched Phillip-China Universal MSCI China A 50 Connect ETF which will be listed on the Singapore Exchange (SGX). This ETF aligns with the recently established ETF product link between SGX and the Shanghai Stock Exchange (SSE).
Permian selects Allvue
Allvue Systems, a U.S.-based alternative investment technology solutions provider, has been appointed by Permian Group to provide fund accounting and administration software. Permian is a Nordic fund administrator with offices in Oslo and Stockholm.
Absolute expands with Ultimus
Absolute Investment Advisers has expanded its relationship with Ultimus Fund Solutions to support a diverse slate of investment products. Over the past three years, Absolute has been enhancing its product lineup, launching an ETF along with the transition of four mutual funds and a hedge fund from another service provider to Ultimus. Absolute has c.…
DB signs with Saphyre
Deutsche Bank has signed with Saphyre, the U.S.-based fintech using patented AI technology to solve pre-trade and post-trade issues.
Matsui partners with Broadridge
Matsui Securities, a Japanese online securities broker, has selected Broadridge’s cloud-based SaaS post-trade processing solution for its stock lending business. System integrator Intelligent Wave will develop the front office component and system integration, as well as providing project management and overall consultation to Matsui Securities.
SSBI extends and expands with SimCorp
State Street Bank International GmbH (SSBI) has agreed to expand and extend its partnership with SimCorp in Germany. Under the agreement, SimCorp will supply key technology components to SSBI for its accounting servicing, fund administration and data processing services that are provided predominantly to asset managers in Germany (KVG clients), including platform enhancements for corporate…