HSBC has gone live as the new custodian, depositary and fund administrator for Royal London Asset Management‘s two Ireland-domiciled fund umbrella structures, with combined assets of approximately GBP21bn (USD28bn). RLAM is a wholly-owned investment subsidiary of Royal London, the UK’s largest mutual life and pensions company. HSBC has provided RLAM with global custody and middle-office…
Category: Offshore
ONE hires CCO from HSBC
Frederic Van Ingelgom has joined ONE group solutions as group chief commercial officer, based in Luxembourg. He was most recently business development and client management director for HSBC’s securities business, also based in Luxembourg.
Maurier returns to Paris with SGSS
Société Générale Securities Services has appointed Mathieu Maurier as chief business officer, with Thibaud de Luze succeeding him as country head of SGSS Luxembourg. Maurier will be responsible for leading SGSS’s global commercial strategy, supporting growth and further developing relationships with clients. Based in Paris, he retains his responsibilities as regional head for Ireland and…
HSBC appointed head of SS in Luxembourg
HSBC has appointed Steve David as head of its securities services business in Luxembourg. David is an industry veteran who spent 20 years at Northern Trust, latterly as head of its Luxembourg business, and joins from IRACE (formerly FundBank) where he was CEO of Luxembourg.
IQ-EQ hires Switzerland BD director
IQ-EQ has appointed Martin Müller as director of business development for Switzerland. Based in Zurich, he joins from Solutions & Funds.
Pictet expands with BBH
Pictet Asset Management has appointed BBH to support its newly launched active UCITS ETFs in Europe as fund depositary, global custodian, and fund administrator. The launch marks Pictet Asset Management’s entry into the active ETF market and extends the firm’s long-standing relationship with BBH. In 2025 Pictet appointed BBH to support its first three U.S.-domiciled…
Aztec supports new Highland fund
Aztec has supported long-time client, Highland Europe, a growth-stage technology investment firm, on the close of Highland Europe Technology Growth VI LP, a Jersey-domiciled fund with commitments of EUR1.1bn (USD1.3bn).
Showdown
Ireland and Luxembourg can peacefully co-exist. There’s plenty of pie to go around. With the news that Pat Lardner, who has led Irish Funds since 2012, is stepping down, it is timely to look at the state of the offshore centres of Luxembourg and Ireland. Lardner, who took over from Gary Palmer, inherited an organisation…
First Sentier adds to NT mandate
First Sentier Group has appointed Northern Trust as fund administrator and depositary for its Irish fund, the First Sentier Investors Global Umbrella Fund Plc. Northern Trust will provide custody, depositary, fund accounting and transfer agency for the USD14bn Irish fund structure.
Waystone wins ME ETF ManCo mandate
Waystone has been appointed by Lunate, an Abu Dhabi-based investment firm, to support its suite of Irish ICAV ETFs. Under the agreement, Waystone will provide ManCo services for the ETFs. Earlier this year, Lunate launched two Irish-domiciled ETFs through Euroclear.