Citi has become the first digital custodian participant of BondbloX Bond Exchange (BBX), the world’s first fractional bond exchange using distributed ledger technology. BBX was launched in 2020 to simplify bond investing by allowing investors to track and trade bonds electronically. The partnership enables Citi’s clients that meet certain criteria to become BBX participants and…
Category: Mandates
SGSS chosen by Altarea
Société Générale Securities Services has been selected by Altarea Investment Managers as provider of trustee and recordkeeping services for its first retail fund (Société Civile de Placement Immobilier – SCPI). SGSS will also provide a bank guarantee specific to the SCPI as required by the regulator. Established in 2022 by Altarea Group and approved by…
Admina selects LemonEdge
LemonEdge, which provides a platform for managing private markets fund and portfolio accounting, has been selected by Admina Fund Services as its accounting solution. Guernsey-based Admina is a specialist administrator for closed ended funds.
North Square moves to Ultimus
Ultimus Fund Solutions, a U.S.-based administrator, has been appointed by North Square Investments as fund administrator. As part of the mandate, North Square transitioned 12 mutual funds to Ultimus, which is now providing fund accounting, fund administration, transfer agency, shareholder servicing, distribution and compliance services.
Northern Trust wins in Singapore
Northern Trust has been appointed by Chartered Asset Management Pte Ltd to provide custody, fund administration, foreign exchange and cash management services to the manager’s three funds constituted as Variable Capital Companies (VCCs). CAM was established in 1994 in Singapore, and is one of the 18 fund managers in the VCC Pilot Programme launched in…
Apex wins in India
Apex has been appointed by The Investment Trust of India Limited to provide fund administration services to the ITI Long Short Equity Offshore Fund in India’s Gujarat International Finance Tec-City International Financial Centre (GIFT City). Incorporated in 1991, ITI is one of India’s largest financial services conglomerates. ITI has >USD650m AuM in mutual funds and…
Fenergo signs Arendt
Arendt Services, the Luxembourg-based administrator, has signed a deal with Fenergo, the Ireland-based provider of CLM and KYC/AML services. Arendt Services will leverage Fenergo’s Saas CLM solution for client onboarding and maintenance.
Goji supports Greater Share
Goji, the Euroclear-owned fintech that offers investors digital access to alternative investments, will provide its onboarding technology to support Greater Share’s fundraising efforts for its first fund, which focuses on education. The Greater Share Education Fund, which is governed by Luxembourg law, is set to reach its second close in September 2023, and is supported…
Maybank partners with Broadridge
Maybank Investment Bank Berhad, the Malaysia-based bank, has partnered with Broadridge Financial Solutions to grow its securities borrowing and lending business. Leveraging Broadridge’s securities finance and collateral management solution, Maybank IB’s newly launched offering for institutional investors deploys proprietary technology for a front-to-back platform that is fast, transparent and Shariah-compliant.
Sadu appoints Apex
Apex Group has been appointed by Sadu Capital to provide fund administration and AML solutions. Sadu Capital is a Saudi-based venture capital firm that invests in private technology startups. Sadu’s latest Cayman-domiciled fund focuses on investing in early-stage start-ups based in the Middle East & North Africa region.