After a multi-year evaluation and selection process, BlackRock has appointed BNY Mellon to work alongside State Street as a service provider for its Irish-domiciled ETFs. BNY Mellon is expected to assume responsibility for about half of BlackRock’s iShares ETFs, totalling some USD356bn, providing depositary, fund administration and fund accounting services. State Street will remain registrar…
Category: Mandates
Silverview implements Sentry
Silverview Credit Partners, a private debt manager, has implemented the Sentry Portfolio Management platform from Broadridge Financial Solutions. Broadridge says this will enable Silverview to achieve greater operational efficiencies and increase transparency in its portfolio management activities for its direct lending business.
BNPP wins in NL
Monuta, a Netherlands-based provider of funeral insurance, has appointed BNP Paribas as custodian for its global assets.
Ultimus supports ETF launches
Ultimus Fund Solutions has supported the launch of eight new actively managed ETFs for Brookstone Asset Management.
Centralis selects Fenergo for CLM
Luxembourg-based Centralis Group, an alternative asset and corporate services provider, is adopting Fenergo CLM to streamline client and investor onboarding processes. Fenergo is a provider of digital client lifecycle management, KYC and transaction monitoring solutions.
Equity Trustees adds two supers
Equity Trustees, the Australia-based administrator, has been appointed as the superannuation trustee for the Clearview Retirement Plan as well as Guild Retirement Fund. Guild Super, the super fund for the pharmacy and childcare industries, transitioned to Equity Trustees as part of existing client Future Group’s acquisition of Guild’s superannuation business. In total the two funds…
New TA mandate for Odyssey
Calfrac Well Services, a Canadian provider of specialised oilfield services, has appointed Odyssey Trust as transfer agent.
True Potential for Northern Trust
Northern Trust has been appointed to provide asset servicing services to True Potential, a UK-based wealth management firm, supporting GBP26bn (USD33bn) of AuM. Northern Trust is providing fund accounting, custody, depositary and transfer agency services to True Potential’s OEIC UK-domiciled fund range. This range supports all True Potential’s investment products and assets under management.
VanEck selects Gemini
VanEck, the U.S.-based fund manager with USD76.4bn AuM, has named Gemini as BTC custodian for its recently approved bitcoin ETF under the ticker HODL, which is listed on the Cboe BZX Exchange. State Street is the custodian of cash, fund accountant, transfer agent, ETF basket servicer and order-taker.
U.S. Bank wins multi-domicile mandate
U.S. Bank has been appointed by Monroe Capital LLC to provide custody, fund administration and depositary services for its new fund structure, Monroe Capital Private Credit Fund V, including Luxembourg, U.S. and Irish entities. Monroe Capital has a 20-year track record in direct lending/private credit.