ULTUMUS, the ETF fintech owned by SIX Group, is forming a strategic partnership with BNP Paribas’s securities services business for ETF servicing agent capabilities. As part of the partnership, BNPP will leverage ULTUMUS’ create/redeem COSMOS platform. The COSMOS platform has been selected to handle the lifecycle of the bank’s ETF-related operations, from approving new creation…
Category: Mandates
Aviva moves to Clearwater platform
Aviva, the UK-based insurer, has gone live on the Clearwater Analytics platform for its investment accounting operations and regulatory reporting. Jonny Lee, finance & investment operations director at Aviva, said: “Being previously reliant on multiple legacy investment reporting models, we required a consolidated and reliable investment accounting and reporting solution. Clearwater’s single instance, multi-tenant architecture…
BTC hires Apex for energy fund
Apex has been appointed by BTC Investment Group to provide fund services to its Argento Energy Fund LP. The fund was launched by BTC in 2022 to manage investments in the U.S. onshore oil and gas industry. BTC is the family office of Benjamin Salinas, and is organised as a Mexico-based multi-strategy investment management fund,…
Amundi partners with Next Gate
Amundi’s Luxembourg operation is partnering with Next Gate Tech, a Luxembourg-based fintech specialising in data management and analytics solutions. Next Gate Tech’s SaaS platform will help Amundi Luxembourg to streamline data management and enhance its NAV oversight practices. The platform’s analytics and insights will enable Amundi to actively monitor NAV calculations, resulting in improved operational…
Ultimus supports Hypatia ETF launch
Ultimus Fund Solutions, the U.S.-based independent provider of fund administration, accounting, middle office, and investor solutions, has supported the launch of Hypatia Capital’s first ETF. The fund, the Hypatia Women CEO Fund, will invest in established, women-led businesses. Hypatia Capital, a New York based Registered Investment Advisor, focuses on sponsoring female CEOs and investors within…
Crystal opts for Geneva
Crystal Capital Partners, an alternative investment platform for financial advisors, has selected SS&C’s Geneva platform to further optimise its back-office processes. SS&C Geneva will streamline portfolio management and reporting across more than 500 customised portfolios to support further growth. Crystal Capital Partners’ platform enables advisors and their qualified clients to build diversified portfolios comprised of…
SMDAM selects Burgiss
Sumitomo Mitsui DS Asset Management (SMDAM)—one of the largest asset management companies in Japan— has selected Burgiss, a provider of private capital data and analytics, as its long-term partner to help manage its growing business in alternative investments. SMDAM will deploy Burgiss’ portfolio management, transparency data, universe data, and investment book of record cashflow data…
Apollo selects Clearwater
Apollo, a Lloyd’s of London insurer with USD500m AuM, has chosen Clearwater Analytics, a provider of SaaS-based investment management, accounting, reporting, and analytics solutions, to automate and streamline its investment accounting processes, including data aggregation, trade reconciliation, and reporting on a single integrated platform.
Pricoa taps Apex for Spanish deal
Pricoa Private Capital, part of PGIM, has appointed Apex to support its provision of senior capital to Real Betis Balompié for refinancing. Real Betis is a Spanish professional soccer club based in Seville. Pricoa has provided the club with a EUR65m senior secured term loan. Apex in Spain acted as the facility and security agent…
Optimum expands RBC relationship
RBC Investor Services has expanded its relationship with Optimum Asset Management, a Quebec-based asset management subsidiary of Optimum Financial Group. The expanded mandate includes custody, fund accounting and shareholder services for OGP’s nine mutual funds. RBC previously provided custody, fund accounting and TA for six of Optimum’s funds. The relationship was expanded by transferring funds…