TrustQuay, the UK-based technology provider to the corporate services, trust and fund administration markets, has signed a technology agreement with Equity Trustees, the Australian independent trustee company. Under the deal, Equity Trustees will centralise its trustee and wealth services (TWS) business – which includes charitable and community trusts, and executor and trustee services for individuals…
Category: Mandates
Border to Coast appoints Northern Trust for RE business
Border to Coast Pensions Partnership has selected Northern Trust as its third-party administrator and depositary to support its future real estate investment management capabilities. Northern Trust will deliver fund accounting, custody services and investment operations support for the real estate capability, alongside depositary services. The new real estate business will see two global indirect property…
Directa links to Clearstream
Directa, the Italian online broker, has signed an agreement with Clearstream to provide Italian investors with access to Clearstream’s global funds portfolio. Through Directa’s trading platform and network of financial advisors, clients can access Clearstream’s funds suite with more than 190,000 international funds in 50 jurisdictions worldwide. CACEIS Bank Italy Branch will act as local…
Momentum consolidates P&A with SS&C
Momentum Investments, part of the Momentum Metropolitan Group, has selected SS&C Sylvan to help streamline its investment performance measurement activities and support its future growth. Momentum Investments is one of South Africa’s leading investment management businesses, serving retail and institutional investors, with AuM/A of over ZAR550bn (USD41bn).
Capital Pilot launches innovative PE fund
Carey Olsen and HIGHVERN have supported Capital Pilot on the launch of Boost Fund I, the UK’s first automated high-volume investment fund for high-growth UK startups. Established as a Jersey private fund, Boost Fund I invests in UK startups and plans to complete 100 equity investments in less than six months. Carey Olsen acted as…
Maryland Care switches to SS&C
Maryland Care, Inc. (MPC), a Maryland managed care organisation (MCO), has contracted with SS&C for investment accounting, reporting and statutory statement preparation services. MPC will be transitioning from its current service provider to Singularity, SS&C’s cloud-based investment accounting platform, which will support the operational, accounting and regulatory reporting needs of its investment portfolios.
Teslin Capital Management appoints BP2S
BNP Paribas Securities Services has been mandated by Teslin Capital Management to provide investment and fund administration, depotbank and global custody services for its EUR1.2bn (USD1.2bn) of global assets. Teslin Capital Management is a long-term investor focused on small and midcaps in The Netherlands and other European capital markets. Koos van der Helm, manager finance,…
Digivault to support blackfridge’s poundtoken
Digivault, the UK-regulated digital asset custodian, has entered into a partnership with poundtoken.io, the first UK-regulated stablecoin that is 100pct backed by GBP. The recently launched stablecoin, poundtoken, is known by the ticker “GBPT”, and is issued by blackfridge, the Isle of Man-based fintech company. KPMG has been appointed as its auditors, whose monthly proof…
HSBC wins GBP50bn Aviva RE mandate
HSBC and Mount Street Group have entered into a 10-year strategic agreement with Aviva Investors for asset servicing arrangements for its real assets business, covering GBP50bn (USD60bn) AuM. The mandate will see HSBC and Mount Street assume all fund administration and debt servicing functions on behalf of Aviva Investors’ real assets strategies. The mandate follows…
Apex supports Foord’s new Australia fund
Apex has been appointed by Foord Asset Management to support its expansion into the Australian market. Apex will provide fund administration, transfer agency and custody services to Foord’s new Australia-domiciled fund, the Foord Global Equity Australian Feeder Fund. This follows the recent announcement that Foord had appointed Equity Trustees as the Responsible Entity (trustee) for…