RBC Investor & Treasury Services has been appointed as custodian and fund administrator for three Mulvihill Capital Management ETFs trading on the TSX: Mulvihill Canadian Bank Enhanced Yield ETF, Mulvihill Premium Yield Fund ETF, and Mulvihill U.S. Health Care Enhanced Yield ETF. Mulvihill, a Toronto-based wealth management firm, is a recent entrant to the ETF…
Category: Mandates
Deutsche Pfandbriefbank appoints UI for new RE fund
As part of its new real estate investment management business, Deutsche Pfandbriefbank AG (pbb) will work with Universal Investment as a fund service platform provider. Universal Investment will launch and administer the planned open-ended real estate special fund, which will focus on German office properties and mixed-use properties. Deutsche Pfandbriefbank is a specialist bank for…
Aztec supports Oakley’s Fund V
Aztec Group, the C.I.-based administrator, has supported the mid-market private equity investor, Oakley Capital, on the final close of its fifth fund. Oakley Fund V raised EUR2.85bn (USD3bn), nearly doubling the size of its predecessor. Aztec has also been appointed to provide ongoing administration and accounting services from its Luxembourg office.
Leadenhall appoints Waystone
Waystone, the Ireland-based administrator, has been selected as the debt fund investment administrator for Leadenhall Capital Partners’ life and alternative credit strategies. Leadenhall was launched in 2008 and currently manages c. USD5.5bn across a range of strategies including life and non-life insurance linked securities, as well as alternative private credit. Waystone will be providing investment…
CACEIS wins Ireland ETF mandate
CACEIS has been appointed by Investlinx Investment Management to provide depositary, custody, fund administration and execution services for Investlinx ICAV, a recently launched Irish UCITS ETF. The Investlinx ICAV will also deploy CACEIS’ ETF solutions and tools, including TEEPI ETF, a dedicated AP order portal.
Ultimus supports funds transition
Ultimus Fund Solutions has supported the transition of the James Advantage Funds’ fund administration functions from another provider. James Investment Research, the adviser to the James Advantage Funds, selected Ultimus as the fund administrator for its four mutual funds. Ultimus is now providing services encompassing financial administration, legal administration, fund accounting, transfer agent, and distribution.
BNPP wins EUR1.3bn Dutch mandate
BNP Paribas’s securities services business has been mandated by Coöperatie Univé U.A., based in the Netherlands, to provide investment and financial administration, regulatory reporting and global custody services for its EUR1.3bn (USD1.4bn) of global assets. Univé is a cooperative insurance company offering auto, home and health insurances to its 1.6 million members.
DZ Bank selects Metaco
Metaco, the Switzerland-based digital assets platform provider, has signed a deal with DZ BANK AG, the central institution of the Volksbanken Raiffeisenbanken cooperative financial network, one of the largest banking groups in Germany. DZ BANK has AuC of EUR297bn (USD315bn). Metaco’s custody and orchestration platform, Harmonize, was selected by DZ BANK after an extensive proof-of-concept…
Yarra appoints Apex
Apex has been appointed by Yarra Capital Management to support the Yarra Private Capital Discovery Fund. Yarra Capital Management is one of Australia’s largest independently owned, active fund managers, with c. AUD19bn (USD13bn) AuM. Apex has been appointed to provide fund administration, transfer agency and custody services for the closed-ended vehicle.
FXall signs with Saphyre
The London Stock Exchange Group’s FXall business has struck a deal with Saphyre to digitise account onboarding for FXall clients through Saphyre’s AI technology, which allows liquidity providers to systematically approve accounts. The Saphyre technology is validated and live for a subset of clients of FXall, with plans for rollout to all FXall clients in…