CSC, the U.S.-based provider of business, legal, tax, and digital brand services, has secured additional depositary licences from the Netherlands Authority Financial Markets (AFM). After being one of the first non-bank providers to receive a depositary license for real estate and infrastructure funds, CSC has now extended its licence to include UCITS funds. In addition,…
Category: Offshore
Omba mandates Northern Trust for new ICAV
Omba Investments ICAV has appointed Northern Trust to provide global custody, depositary and associated services for its new Ireland-domiciled UCITS umbrella fund. The planned USD100m fund will be launched with two new UCITS funds, the Omba Global Thematic Fund and Omba Global Equity Fund. Omba Advisory & Investments is a UK-based manager serving family offices,…
Apex to service Azimut’s life insurance company
Apex has been appointed to provide fund administration and middle office services to Azimut Life dac, the Ireland-registered life insurance company of Azimut Group, an Italy-based independent asset management firm with >EUR80bn (USD91bn) AuM.
Pendal expands relationship with Northern Trust
Northern Trust has been appointed to deliver a range of asset services to the Pendal Group Limited across Australia, UK and Ireland. Northern Trust has also expanded the services it performs for Pendal’s business in the U.S. The appointment by Pendal, a global investment manager with AuM of AUD139.2bn (USD104.4bn), covers its wholly owned subsidiary…
Northern Trust to support new CCF for Storebrand
The Asset Management Exchange (Ireland) Limited has launched a tax transparent common contractual fund for Storebrand Asset Management, the Nordic manager which has NOK1,058bn (USD120bn) AuM in both private and public markets. AMX provides the fund structure, the management company and the operational set-up, and facilitates the tax reclaim process. This enables UK pension funds…
Nordea to implement Multifonds in Lux
Nordea Investment Funds SA, the largest asset manager in the Nordics, and part of the Nordea Group, has chosen the Temenos Multifonds platform for its transfer agency business in Luxembourg. Nordea Investment Funds provides in-house administration for >EUR100bn (USD110bn) of assets. Temenos claims to serve nine of the top 15 transfer agents in Luxembourg.
Aztec to deploy Fenergo’s CLM solution
Aztec Group, the C.I.-based administrator with EUR440bn AuA (USD500bn), has appointed Fenergo, a provider of digital solutions for client lifecycle management, to deploy its cloud-native, SaaS solution to transform the client and investor lifecycle. Aztec will implement the solution across its offices in the Channel Islands, Europe and the U.S. to digitise and streamline onboarding…
Northern Trust supports Castelnau
Northern Trust and Carey Olsen, the specialist offshore law firm, have supported Castelnau Group Limited with its IPO on the London Stock Exchange. The Guernsey-domiciled investment company, managed by Phoenix Asset Management, was recently launched on the LSE following a GBP178m (USD245m) IPO. Castelnau is focused on investing in both public and private companies with…
Saltgate appoints first chief innovation officer
Saltgate, the C.I.-based fund administrator that has USD100bn AuA, has appointed Nadja Borges as its chief innovation officer, a newly created role. She reports to the group CEO, Simon Riley. Before joining, Borges worked for more than 10 years as a client to Saltgate, first at the private equity firms Akina and Unigestion, then at…
Apex gets green light for GIFT City
Apex has become one of the first global fund administrators to receive regulatory approval to operate in India’s Gujarat International Finance Tec-City (GIFT City) International Financial Centre. GIFT City is a planned IFSC which is being developed as a global financial and IT services hub, the first of its kind in India. With this latest…