SANNE, the C.I.-based provider of alternative asset and corporate services, has appointed Wendy Cheng as country head for Hong Kong and Chris Warnes as country head for the UK. Both are internal appointments.
Month: October 2019
BNP Paribas to service Nikko Asset Management’s first passive ETF
BNP Paribas Securities Services has been appointed as custodian and administrator for Nikko Asset Management’s first passive ETF, domiciled in Hong Kong. As part of the mandate, BNP Paribas will provide middle office, custody services, trustee, transfer agent and fund administration. This expands an existing relationship between Nikko Asset Management and BNP Paribas.
Petroleum Development Oman hires State Street
State Street has been appointed by the Omani Staff Pension Fund for Petroleum Development Oman to provide custody and investment servicing solutions for >USD2.3bn AuM. PDO has been a client of State Street Global Advisors for several years, and this mandate represents a new collaboration for one of Oman’s largest private sector employers with State…
Paloma Partners hires SS&C GlobeOp for fund services
Paloma Partners, a U.S.-based hedge fund manager, has appointed SS&C GlobeOp for fund accounting, administration and regulatory services, using SS&C Geneva as the general ledger accounting platform. Paloma manages approximately USD4.8bn.
SS&C changes Eze leadership team
SS&C has made changes to the SS&C Eze organisation and executive leadership team. Michael Hutner, currently global head of sales, will lead the business as general manager of SS&C Eze. Under the new structure, Hutner will report to Robert Roley, senior vice president, SS&C. He replaces Jeff Shoreman, who is leaving the company. Additionally, Mike…
U.S. Bank joins CREST with BNP Paribas as sponsoring member
U.S. Bank has been authorised by CREST, the UK-based central securities depository, to operate as a direct participant in the UK and Irish markets, with BNP Paribas serving as sponsoring member. Earlier this year U.S. Bank appointed BNP Paribas as its European regional custodian for 11 markets, in addition to the UK and Ireland.
Ocorian hires Lynda O’Mahoney in Dubai
Ocorian, the C.I.-based administrator, has hired Lynda O’Mahoney as a director in Dubai. She will focus on private clients, corporates, asset managers, institutions and government entities across the GCC countries. She joins from Apex Group and has lived in Dubai for over 16 years.
BNP Paribas takes stake in Allfunds
BNP Paribas and Allfunds have entered into an agreement to create a global fund distribution and wealth technology platform. The transaction, which will see BNP Paribas Securities Services and BNP Paribas Asset Management receive together a stake of 22.5pct in Allfunds, is subject to regulatory approvals and required consultations. It is expected to close before…
Apex wins RE admin mandate for Assembly in Australia
Apex has been appointed by Assembly Funds Management and AMAL Trustees to provide fund administration services for the Australian Diversified Property Fund 1. The fund was launched with an initial AUD150m (USD100m). Assembly will pursue real estate investment opportunities across Australia and New Zealand, targeting a range of property assets including office, logistics, residential and…
Felix Deng to run new Shenzhen office for Intertrust
Intertrust has opened a new office in Shenzhen. Intertrust already has 230 professionals across Hong Kong, Shanghai, Beijing and Guangzhou. Felix Deng, associate director of business development at Intertrust China in Shanghai, will oversee the Shenzhen office and lead the team there.