DBS Bank, the Singapore-headquartered bank, has reached an agreement with Euroclear to onboard all of its investment funds onto Euroclear’s funds platform. The deal provides DBS Bank with a solution for fund distribution and execution services via Euroclear’s network. DBS Bank’s clients will now have access to more than 100,000 funds.
Category: Mandates
Langham Hall wins Farview mandate
Langham Hall, the UK-based administrator, has been appointed to provide administration and accounting services for the four deal structures of Farview Equity Partners from its Guernsey office. Langham Hall assisted Farview in transitioning structures from another administrator in 2022.
CastleArk selects SEI’s ETF platform
CastleArk Management, a USD3bn Chicago-based investment manager, has selected SEI’s Advisors’ Inner Circle Fund as its operational platform to launch the CastleArk Large Growth ETF, its first active ETF.
Amundi Technology wins EUR23bn mandate
Rail & OV, the Dutch rail and public transport pension fund, has signed an agreement with Amundi to deploy its ALTO investment platform. Rail & OV will leverage the platform to manage direct assets and consolidate delegated assets representing approximately EUR23bn (USD25bn) AuM. In a fully integrated model, Rail & OV will be serviced by…
Hodges converts to Ultimus
Ultimus Fund Solutions, the independent provider of fund administration, accounting, and investor solutions, is the new service provider for the family of mutual funds advised by Hodges Capital Management. With Ultimus’ guidance, Hodges, an asset management firm with nearly USD1bn AuM, completed a multi-fund conversion, which included reorganisation of the funds from one series trust…
Nebraska moves to Northern Trust
The Nebraska Investment Council (NIC) has selected Northern Trust to provide asset management and asset servicing solutions, including custody, portfolio analytics and securities lending, for its pension fund. The NIC is an independent state agency that manages USD37.5bn across 32 investment programs. NIC provides investment services to the state of Nebraska and is responsible for…
Goldman expands with BNPP
Goldman Sachs has appointed BNP Paribas to provide custody and settlement services for its assets in Austria. Goldman Sachs is the largest trading member on the Vienna Stock Exchange by market share. The new mandate complements the existing relationship between BNP Paribas and Goldman Sachs, which already includes custody, cash and securities settlement services in…
Leith Wheeler adds to CIBCM mandate
CIBC Mellon has been selected to provide fund services for Leith Wheeler Investment Counsel Ltd, which manages CAD23bn (USD17bn). This mandate builds on CIBC Mellon’s 25-year asset servicing and custody relationship with Leith Wheeler.
BNPP wins German growth fund mandate
BNP Paribas has been appointed to provide depositary and global custody services for the newly launched Growth Fund Germany, a development of the Future Fund (Investment Fund for Future Technologies) from the German government and KfW Capital. With a final closing amount of c. EUR1bn (USD1bn), the growth fund aims to enhance financing opportunities for…
Mackenzie expands CIBCM mandate
CIBC Mellon has been appointed to provide Mackenzie Investments (Mackenzie), part of the IGM Financial Inc. (IGM) family of companies, with enhanced asset management capabilities through OnCore, the middle office platform offered by BNY Mellon. OnCore will be integrated with Mackenzie’s existing business applications and will have the capacity to enable enterprise growth. As part…