JTC Americas (formerly NES Financial) has entered into an agreement with the Darwin Metals Mining Opportunity Zone (OZ) Fund to provide fund administration services related to the reopening of a Californian mining district. Javelin Securities, LLC, a registered broker/dealer focused on vetting and raising capital OZs, has been retained to raise capital for the Darwin…
Category: Mandates
Nationwide adds to BP2S mandates
Nationwide, the world’s largest building society, has appointed BNP Paribas Securities Services to provide triparty collateral management and global custody services for its non-UK assets. The selection of BP2S’s triparty collateral management services helps Nationwide meet its obligations under Wave 5 of the initial margin rules. These require financial institutions to post collateral to back…
Connect PRO selects EFA for new PE fund
EFA, the Luxembourg-based administrator, has been selected by Connect PRO for administration and accounting for its new private equity fund, FPCI Sud Rebond. The fund aims to invest in promising companies mainly located in the south of France.
Argenta appoints EFA for risk monitoring
EFA, the Luxembourg-based administrator with >EUR150bn AuA, has been appointed by Argenta Asset Management SA to provide UCITS risk reporting and sanctioned securities monitoring services. UCITS risk reporting is a regulatory reporting solution designed within the context of UCITS regulations and compliance with ESMA guidelines. Sanctioned securities monitoring checks and monitors a portfolio’s positions in…
Harbor Capital Advisors appoints State Street for ETF servicing
State Street has been appointed as the servicing agent for Harbor Capital Advisors’ first actively managed fully transparent fixed income ETFs, launched in September in the U.S. The two funds are the Harbor Scientific Alpha Income ETF (SIFI), and the Harbor Scientific Alpha High-Yield ETF (SIHY). State Street will provide various ETF servicing solutions, including…
Citi to administer first OFC for BEA Union Investment
Citi has been appointed by BEA Union Investment Management Limited as fund custodian and administrator for its first mutual fund restructure, converting five funds into an open-ended fund company (OFC). Citi has been providing custody and fund services, including fund accounting, transfer agency and FX share class hedging, to BEA Union Investment since 2013. Eleanor…
FSBA to deploy BNY Mellon’s ESG app
The Florida State Board of Administration (FSBA) has signed an agreement to leverage BNY Mellon’s ESG Data Analytics application to better manage, monitor and analyse ESG data across multiple sources. The application is built on the Microsoft Azure cloud and offered through BNY Mellon’s OMNI securities services platform. FSBA will also be collaborating with BNY…
Mammoth selects SS&C for new VC fund
Mammoth Scientific, a health science and technology venture capital firm, has selected SS&C as administrator and technology partner for its inaugural USD100m fund. The fund will provide venture capital to health science and technology companies maturing beyond seed rounds. Mammoth is building a proprietary platform to enable registered investment advisors to access venture capital investments…
Citi wins first MO mandate in the Philippines
Citi has been appointed by Sun Life Investment Management and Trust Corporation as its middle office service provider in the Philippines. This mandate makes Citi the first bank in the country to onboard a middle office client. Sun Life Philippines is a financial services institution offering varied business lines including life insurance managed and distributed…
FundRock appointed as ACD for new Octopus fund
FundRock Partners, part of the Apex Group, has been appointed as the Authorised Corporate Director for a new UK fund, FP Octopus UK Future Generations Fund, operated and managed by Octopus Investments. This is Octopus’ first retail fund with a sustainable investment mandate.