SmartStop Self Storage REIT, a self-storage company, has selected SS&C to provide transfer agency services for all of its sponsored REITs. SS&C will handle account owner recordkeeping, transactional activity, new investor onboarding and distribution. SmartStop is the largest public non-traded self-storage REIT in the U.S., with >USD2.9bn in assets.
Category: Mandates
HSBC wins CSOP ETF mandate
HSBC has been appointed by CSOP Asset Management, the Chinese asset manager, as service provider for the CSOP Saudi Arabia ETF, Asia’s first ETF tracking the performance of Saudi Arabian equities.
USask expands with CIBCM
CIBC Mellon has been chosen to provide asset servicing solutions to the University of Saskatchewan’s (USask) endowment fund, including custody, institutional accounting, foreign exchange processing and settlement services, and digital solutions including automated tools. This mandate builds on CIBC Mellon’s existing asset servicing relationship with USask.
Ultimus expands mandate with Fuller & Thaler
Ultimus Fund Solutions, the U.S.based independent provider of fund administration services, has supported the launch of the Fuller & Thaler Behavioral Mid-Cap Equity mutual fund with longtime partner, Fuller & Thaler Asset Management. This will be Fuller & Thaler’s seventh mutual fund administered by Ultimus during their 10-year partnership.
Eley Griffiths appoints Equity Trustees
Eley Griffiths Group, an Australia-based investment manager, has appointed Equity Trustees to be the responsible entity (trustee) of its new fund, the Eley Griffiths Group Mid Cap Fund.
Fondapi adds to SGSS mandate
SGSS in Italy has been selected by Fondapi, a pension fund for small and medium sized enterprises, to provide depositary services, consolidating a relationship that has lasted since 2004.
Costco appoints Northern Trust
Northern Trust has been selected by Costco Wholesale Corporation to provide custody, daily valuation and brokerage services for Costco’s defined contribution retirement plan, with USD29bn AuM. Headquartered in the U.S., Costco is the world’s third-largest retailer.
GMO launches first ETF
GMO, a U.S.-based investment manager, today launched its first exchange-traded fund, the GMO U.S. Quality ETF (NYSE: QLTY). QLTY was launched in partnership with the new Goldman Sachs ETF Accelerator, a digital platform that enables Goldman Sachs’ clients to quickly and efficiently launch, list, and manage ETFs. State Street has been appointed as administrator.
LOIM selects Equity Trustees
Lombard Odier Investment Managers (LOIM), the asset management division of Swiss-headquartered Lombard Odier, has selected Equity Trustees as trustee of its inaugural offering in Australia, the LOIM Sustainable Private Credit (Australia) Unit Trust, a feeder into the existing LOIM Sustainable Private Credit Strategy’s Luxembourg-based master platform.
SEBA links with SGKB
SEBA Bank, a full-service, global crypto bank, has launched its partnership with St.Galler Kantonalbank (SGKB), Switzerland’s fifth largest cantonal bank, enabling digital asset custody and brokerage services for SGKB’s clients. Having obtained its FINMA banking licence in 2019, SEBA Bank is among the first financial institutions to bring digital assets to the Swiss market and…