Northern Trust has struck an alliance with BlackRock to deliver operations, data, and servicing capabilities to mutual clients. These new capabilities, delivered through Aladdin, BlackRock’s investment management and operations platform, aims to provide clients with increased efficiency, interoperability and transparency across the back, middle and front office. The relationship with BlackRock currently supports mutual clients…
Month: May 2020
J.P. Morgan forms alliance with Bloomberg
J.P. Morgan Securities Services and Bloomberg have formed an alliance that brings together Bloomberg AIM, an investment and order management system, with J.P. Morgan’s back-office technology. The offering is now live and in production with the first joint client and is being made available to other buy-side clients.
BNY Mellon hires Ben Slavin to run global ETFs
BNY Mellon has hired industry maven Ben Slavin as global head of exchange-traded funds for its asset servicing business. Before joining BNY Mellon, Slavin founded Original Six LLC, an independent global consulting business focused on ETFs, digital assets, and innovative product structures. Prior to this, he was head of product and business development at WisdomTree…
Kingdom Trust launches crypto retirement account
Kingdom Trust, a South Dakota-based custodian bank that has >USD13bn AuC, has launched a retirement account that supports legacy, alternative, and crypto assets. The launch of the account – Choice – follows the acquisition of Choice Holdings, a digital asset-focused retirement account provider. Kingdom Trust already backs more than 100,000 retirement accounts and provides custody…
TIH appoints HSBC for middle office, custody and fund admin services
TIH Investment Management Pte. Ltd, a private equity firm based in Singapore, has appointed HSBC Securities Services to provide administration services, including middle office, global custody and fund administration. TIH recently launched a new Asian active engagement fund, which will be equity long-only with a pan-Asian focus on small to mid-cap companies. HSS will be…
DBAG appoints Aztec to service new Guernsey-domiciled PE fund
Deutsche Beteiligungs (DBAG), a German private equity manager, has appointed Aztec Group, the C.I.-based administrator, to provide administration, accounting and investor services for its latest fund, domiciled in Guernsey with commitments of EUR1.1bn. Aztec will also act as the fund’s depositary from its UK office.
SANNE appoints Matthew Pykstra as head of SA ManCo
SANNE, a UK-based provider of alternative asset and corporate business services, has promoted Matthew Pykstra to director and head of its ManCo in South Africa. He takes over from Karlien de Bruin, who is transitioning to SANNE’s product development team with a focus on ESG. The ManCo has also appointed Leza Stinton to the role…
UMB hires James Curry for distribution services
UMB Fund Services has hired James Curry as key account manager, distribution services. In his role, Curry will focus on fund distribution services for clients, under the direction of Karen Fay Luedtke, director of distribution services. Curry is based in the Denver metropolitan area. Prior to joining UMB, he was a key account consultant for…
Aztec supports new fund for Redstone and SBI
Aztec Group, the C.I.-based administrator, has supported the launch of the Future Industry Ventures fund, a joint venture between Redstone and SBI Group. The fund aims to raise EUR200m. Aztec supported Redstone and SBI with the set-up and launch of the fund, and will continue to provide a range of administration and governance services from…
FundRock rolls out liquidity management tool
FundRock, the Luxembourg-based third-party ManCo and AIFM, has launched a new unbundled service to assist asset management firms with liquidity management. The service is available to EU and non- EU asset managers managing EU funds for which FundRock is not acting as ManCo/AIFM. Its launch comes as regulators prepare to implement new guidelines for liquidity…