Northern Trust has received a licence from the Central Bank of Ireland for the establishment of The Northern Trust Company, Ireland Branch. This new banking branch will provide a range of custodial, banking and capital markets services, including domestically regulated banking services for Ireland-domiciled clients. Its activities will complement those of Northern Trust Global Services…
Category: Product
NTRS to expand ETF product coverage
Northern Trust has applied for exemptive relief to offer ETF share classes alongside existing mutual fund share classes for certain adviser series within its two sponsored series trusts: Advisers Investment Trust and Datum One Series Trust. Subject to regulatory approval, the ability to offer ETF share classes alongside mutual fund share classes in a single…
BBH expands account opening API
BBH has expanded its account opening API connectivity to custodians, with SEB being the first to implement the solution. This builds on last year’s API integrations with major European fund distribution platforms, Allfunds, Clearstream and Euroclear. BBH’s account opening API supports straight-through exchange of account opening requests and confirmations between distributors, banks, platforms and custodians,…
Moss joins FNZ
David Moss has joined FNZ, the wealth platform, as group chief product officer, based in New York. He was previously at BNY for seven years after eight years at Citi.
Ultimus partners with iCapital
Ultimus has formed a partnership with iCapital, introducing DLT to streamline data transmission and reconciliation processes, improving operational efficiencies for asset managers and wealth managers throughout the lifecycle of alternative investments. The integration of technologies merges iCapital’s DLT platforms with Ultimus’ infrastructure, “creating a more efficient, secure, and transparent processing environment for alternative investment data”.
NAV expands in Ireland
NAV Fund Services (Ireland) Ltd., a subsidiary of NAV, the U.S. based administrator, now offers fund administration solutions for UCITS, expanding its services for regulated investment funds domiciled in Ireland and the European Union.
Fenergo launches digital subscriptions solution
Fenergo, the provider of AI-powered client lifecycle management (CLM) solutions, has launched its Digital Subscriptions capability, fully integrated within the Fenergo Investor Portal. This new offering enables buyside firms to digitalise and connect the end-to-end investor onboarding and fund subscription process. The solution is designed as a flexible add-on to Fenergo’s CLM platform, allowing existing…
BNY collaborates for digital asset custody in ADGM
BNY, with Finstreet Limited and ADI Foundation, are collaborating to offer regulated, scalable, institutional-grade digital asset custody in the Abu Dhabi Global Market. Finstreet, a digital market infrastructure group and a subsidiary of IHC through Sirius International Holding, and ADI Foundation, an Abu Dhabi-based blockchain infrastructure organisation, will jointly support this initiative. The collaboration is…
BBH to support SEC Names Rule
BBH has launched a solution to help asset managers ensure they are compliant with the SEC Names Rule (Rule 35d-1). The rule requires registered investment funds to ensure their names accurately reflect their investments and risks. If a fund’s name suggests a focus on a particular asset type, industry, or strategy, at least 80pct of…
HSBC adds PA capabilities in KSA
HSBC in Saudi Arabia has expanded its existing fund administration capabilities to include private assets. HSBC is thought to be one of the few providers in KSA to offer fund administration for clients investing in both traditional and private assets.