eSecLending, a global securities lending agent, has adopted the T+1-ready Recalls Manager solution from Pirum Systems, the UK-based fintech for automated post-trade services. With nearly USD850bn in lendable assets, eSecLending claims to be the industry’s largest independent securities lending agent.
Category: Mandates
Citi supports Global X ETF launch
Citi has been appointed by Global X ETFs, part of Mirae Asset Financial Group, to service Hong Kong’s first covered call ETFs. Mirae manages assets of >USD535bn and has over 575 ETFs globally with USD109bn AuM. Global X ETFs has launched the Global X HSI Components Covered Call Active ETF and Global X HSCEI Components…
Zodia wins ETC ETP mandate
ETC Group has appointed Zodia Custody to support its latest ETP listed on Deutsche Börse XETRA, the ETC Group Ethereum Staking ETP, a total return exchange-traded product that tracks the Compass Ethereum Total Return Monthly Index. The ETP is fully backed by the underlying digital assets, and counterparty risk is negated through an independent trustee.…
NTRS selects FINBOURNE
Northern Trust has selected FINBOURNE Technology, the UK-based fintech, to provide valuations and reporting capabilities for its enterprise global technology. Northern Trust will leverage FINBOURNE’s cloud-native financial data management solution, LUSID, and data virtualisation engine, Luminesce, to modernise its valuations and reporting functions and provide enhanced service delivery to clients.
BNPP wins Chenavari PC mandate
Chenavari Asset Management has appointed BNP Paribas to provide private capital services for its newly launched Real Estate Decarbonisation Fund. BNP Paribas will provide depositary, registrar, accounting manager and middle office services. The bank will also provide digital reporting capabilities through its CapLink Private platform.
BPCE selects SimCorp for investment accounting
SimCorp, the Deutsche Börse-owned investment management fintech, has been appointed by BPCE Insurance as its new investment accounting platform. France-based BPCE Insurance, with EUR87bn AuM, is the insurance subsidiary of Groupe BPCE. The decision to partner with SimCorp is a result of BPCE Group’s strategic initiative to overhaul its operating model by re-internalising its investment…
State Street wins LGPS PA mandate
LGPS Central, which manages GBP56bn (USD71bn) on behalf of eight UK local government pension schemes, has appointed State Street as provider of fund administration services for its private markets investments. State Street will initially support 13 funds managed by a combination of LGPS Central and its third-party managers with fund administration, registration services, investor services…
BNPP wins EUR110bn Italian mandate
BNP Paribas has been selected by BPER Banca to provide custody and settlement services for the complete portfolio of BPER Banca’s Italian and foreign securities, representing a total of EUR110bn (USD120bn) of assets. The mandate consolidates BPER Banca’s multi-year partnership with BNP Paribas, which includes settlement services for selected institutional clients’ portfolios. Founded over 150…
SAMI consolidates with NTRS
Sanlam Asset Management (Ireland) Limited (SAMI) has appointed Northern Trust to provide fund administration, transfer agency, custody, depositary and FX services. SAMI is an investment management platform managing funds domiciled in Ireland valued at USD8.7bn. It is part of the Sanlam financial services group headquartered in South Africa. Northern Trust is now the sole provider…
ROYC selects LemonEdge
LemonEdge, the UK-based fund accounting and administration solution for private markets, has signed a deal with ROYC (Return on Your Capital), which has chosen LemonEdge as its back-end accounting solution. Headquartered in Sweden, ROYC is a B2B digital solution providing a one-stop shop for private market investments. ROYC services private wealth advisors and asset managers.