IQ-EQ has supported Milleis Banque, a French private bank, on its first retained securitisation, FCT French Prime Cash 2023, which is a rated cash securitisation of a residential mortgage portfolio. IQ-EQ is acting as the bank’s AIFM for the fonds commun de titrisation (FCT) securitisation vehicle that is providing the financing for this transaction.
Category: Mandates
Ultimus supports CAZ fund launch
Ultimus, the U.S.-based provider of fund administration, accounting, and investor solutions, is supporting CAZ Investments with the launch of the CAZ Strategic Opportunities Fund. This is the first publicly offered vehicle from CAZ Investments, a private market investment firm with USD6bn AuM. The fund, structured as a tender offer fund, is designed to encourage long-term…
Northern Trust wins firefighters mandate
Northern Trust has been selected by the Firefighters’ Retirement System of Louisiana to provide asset servicing and data analytics capabilities for the USD2.4bn fund.
Qatar strikes first sec lending deal
The Qatar Stock Exchange and Edaa Qatar have overseen the first onshore securities lending and borrowing transaction in Qatar. HSBC acted as custodian and agent lender for this transaction while QNBFS acted as the borrower.
Swissquote expands with BNPP
BNP Paribas has been mandated by Swissquote, a provider of online banking, to provide custody services. The mandate expands the existing relationship between Swissquote and BNP Paribas, which covers execution for cash equities, to include global and local custody services for Swissquote’s portfolio of assets in European markets.
Nest moves to Northern Trust
Northern Trust has been appointed by Nest as its new fund administrator, replacing the current provider when the contract expires in October 2025. Northern Trust will provide services including custody, asset allocation and rebalancing, and performance measurement. Nest was set up to ensure every UK employer could offer a workplace pension to their employees. It…
NTRS wins Cornerstone FTM mandate
Cornerstone FTM, a fintech-focused investment fund, has selected Northern Trust and its strategic partner, Equity Data Science (EDS), for the Research Management System (RMS) and Portfolio Construction solutions. Cornerstone will also leverage Northern Trust’s custody and hedge fund administration services, and data visualisation and ingestion capabilities from EDS. RMS and Portfolio Construction are data-driven tools…
New Silk Road outsources trading
Northern Trust has been selected to provide outsourced trading via its Integrated Trading Solutions (ITS) for New Silk Road Investment Pte Ltd., a Singapore-based investment manager. In addition to the new mandate for trading services, Northern Trust continues to provide global custody services for New Silk Road funds, which it has done since 2011.
Citi expands with Multifonds
Citi has extended its 20-year relationship with Multifonds to consolidate its current regional fund accounting operation into a global operating model through the Temenos Multifonds SaaS solution. Citi’s move to a global operating model for its fund services business, and from an on-site platform to Multifonds SaaS, will enable it to manage its business across…
ATLAS appoints Citco
ATLAS SP Partners, a provider of structured and asset-backed credit to institutional borrowers and institutional investors, has appointed Citco to provide operational loan and bond accounting as well as administration services for its balance sheet and fund products. Citco has a loans portfolio of >USD200bn across 28,000 loan facilities.