Goldman Sachs has won the first fund launched by a client in EMEA through the Goldman Sachs ETF Accelerator platform with the listing of a new AI-driven equity ETF on the German market. The AI-Enhanced Eurozone Equities UCITS ETF is aimed at institutional and semi-institutional investors, as well as private investors. Ultramarin GmBH, a tech…
Category: Offshore
Ogier granted Lux licence
Ogier Global, Ogier‘s corporate and fiduciary services division, has been granted a fund administration licence by the Commission de Surveillance du Secteur Financier (CSSF) in Luxembourg. Ogier Global will now extend its range of services to include fund administration, corporate and domiciliation services from Luxembourg.
JTC to acquire FFP
JTC, the C.I.-based professional services business, has agreed to acquire FFP, a Cayman-based provider of specialist fiduciary services to fund, trust and corporate clients. Completion is subject to regulatory approvals. Founded in 2012, FFP provides a range of specialist fiduciary, restructuring, trustee, fund administration and corporate services. Post acquisition, JTC will have an enlarged team…
Carne acts as ACD for new LTAF
Arcmont Asset Management, the Nuveen-controlled European private debt asset management firm, has received regulatory approval from the UK’s Financial Conduct Authority to launch a long-term asset fund (LTAF), with Carne Global Fund Managers (UK) Ltd as the LTAF’s Authorised Corporate Director.
CACEIS offers access to ARTEX
CACEIS now offers broker-dealers, market makers and banks the opportunity to trade on the ARTEX trading venue, with support from CACEIS’ clearing & settlement services. ARTEX is a multilateral trading facility on which shares in world-famous, iconic works of art are traded. The shares in the artworks are tradable and transferable securities just like all…
Berenberg expands BNPP mandate
Berenberg, one of Europe’s oldest privately owned banks, has appointed BNP Paribas to provide depositary bank, transfer agency, listed derivatives clearing, and OTC derivatives services in Germany and Luxembourg. This new mandate expands Berenberg’s long-term partnership with BNP Paribas, which already includes local clearing, settlement, and custody services across multiple markets. The mandate covers Berenberg’s…
Suntera hires IoM funds head
Suntera Global, the C.I.-based administrator, has appointed Alex Stokoe as head of funds in the Isle of Man. He joins Suntera from Apex.
DTOS opts for PAXUS
DTOS Ltd, a corporate service provider within the Mauritius International Financial Centre, has selected the PAXUS fund administration system for its third-party accounting operations. DTOS has opted for a full SaaS PAXUS-CLOUD deployment model. PAXUS is provided by PFS, a subsidiary of Apex.
BNPP wins major European mandate
BNP Paribas has been mandated by Flossbach von Storch, one of Europe’s leading independent asset managers with >EUR 70bn (USD76bn) AuM, to provide services including global custody, fund accounting, and transfer agency for its UCITS funds in Germany and Luxembourg, covering >EUR 50bn (USD54bn) in assets.
Gen II appoints European RA head
Following the completion of its acquisition of Crestbridge, Gen II Fund Services has appointed Alex Le Quesne as head of real assets – Europe. He was head of governance services at Crestbridge.