Capital Group has appointed SS&C to provide transfer agency services for its recently launched UK OEIC, the Capital Group U.K. – Global High Income Opportunities Fund. Capital Group has AuM of >USD2.1trn. SS&C is a transfer agent to Capital Group in the U.S.
Month: January 2023
Fenergo signs Citco
Citco has signed a deal with Fenergo, the client lifecycle management specialist. Citco selected Fenergo’s CLM software as a SaaS platform to deliver end-to-end client journeys through front-to-back-office integrations with AML screening providers, and centralised document management. Citco, which claims to have USD1.8trn AuA, provides services for hedge funds, private equity, and real estate funds.
Waystone hires strategy chief
Kieran Conroy has joined Waystone as head of strategy for fund administration & product, based in Canada. He was most recently head of hedge fund services at Citco.
BNY Mellon launches buy-side trading
BNY Mellon has launched an outsourced trading service for buy-side institutions. The offering by BNY Mellon Capital Markets, LLC will be powered by xBK, the buy-side trading division that executes more than USD1trn in volumes on average annually for the company’s investment management franchise. BNY Mellon plans to offer clients a range of services, including:…
Ultimus supports Kovitz conversion
Ultimus Fund Solutions, an independent provider of fund administration, accounting, and investor solutions, has worked with Kovitz Investment Group Partners, LLC on its launch of an actively managed ETF. The project involved oversight of the custody and accounting conversion of >USD640m in assets from multiple custodians, recordkeepers, and transfer agents, coordination with market participants and…
ICICI Venture expands with Apex
ICICI Venture, the India-based alternative investment manager, has expanded its longstanding relationship with Apex, appointing it to deliver end-to-end administration services to the India fund business. ICICI Venture is a pioneer in the Indian alternative asset management industry and partners with leading Indian and global institutional investors through various types of capital pools and investment…
Jaid appoints CRO
Jaid, the UK-based technology firm providing AI-powered human communication solutions, has appointed Ken Dummitt as chief revenue officer. Dummitt will lead the company’s global business development team, responsible for driving revenue growth and expanding Jaid’s reach into new sectors and markets. He was previously running his own consultancy practice. Jaid rebranded from Opsmatix in 2022,…
Clearstream Fund Centre appoints Kneip
Kneip, a Luxembourg-based provider of fund data management and reporting solutions for the asset management industry, has become the sole provider of fund data and documents for Clearstream Fund Centre. Over 450 fund distributors use Clearstream Fund Centre to gain access to 550 fund providers with a single legal agreement. Clearstream Fund Centre’s covered investment…
Street goes to Novatus
Novatus Advisory, a UK-based risk, regulation and ESG consultancy and technology solution provider, has appointed Richard Street as chief revenue officer for its RegTech division. Street was previously at RBC, and has also worked at Citi.
Clearstream & Vermeg collaborate on ECMS
Clearstream has joined forces with Vermeg, a fintech focused on collateral management & asset servicing, regulatory reporting and digital transformation. The partnership will deliver an STP collateral management solution connected to the Eurosystem Collateral Management System (ECMS). The ECB is introducing ECMS to unify the management of collateral of national central banks across the Eurozone.…