Alchelyst, the Ireland-based fund administrator for alternative asset managers, and Lyra Client Solutions, a client servicing organisation spun out from Apollo, have announced a merger to form a private markets servicing platform purpose-built to transform the investor experience across the institutional and global wealth channels. The transaction is expected to close in the fourth quarter…
Year: 2025
HSBC wins in Australia
Allianz Australia has appointed HSBC as global custodian and fund administrator.
FIS launches investor onboarding solution
FIS has launched FIS Investor Services Suite, an end-to-end solution designed to transform the investor servicing landscape for financial institutions, as well as alternative and traditional fund managers.
BNY wins OpenEden mandates
OpenEden, a platform for the tokenisation of real-world assets, has appointed certain affiliates of BNY as investment manager and primary custodian for the underlying assets of its flagship Tokenized U.S. Treasury Bills ($TBILL) Fund. Launched in 2023, OpenEden’s $TBILL provides investors with direct exposure to a pool of short-dated U.S. Treasury Bills and overnight reverse…
NDRIO adds ITS to the front office
Northern Trust has expanded its long-standing relationship with the North Dakota Retirement and Investment Office (NDRIO) to include outsourced trading services, supporting the agency’s strategy to bring more of its State Investment Board’s (SIB) asset management in-house. Building on a partnership that began with custody services in 1990, NDRIO will deploy Northern Trust’s Integrated Trading…
Ultimus expands with Xceptor
Ultimus, the U.S.-based independent provider of fund administration, accounting, and investor solutions, and Xceptor, the data automation platform for financial markets, have expanded their six-year partnership. As the data automation and reconciliation engine powering Ultimus’ service model, the partnership allows Ultimus and its clients to benefit from faster processing times, enhanced data accuracy, and customised…
NTRS wins UK OEIC mandate
Northern Trust has been appointed to provide asset servicing solutions to Gravis Advisory Limited for its UK OEIC fund range. Gravis is an independently managed UK-based asset manager specialising in infrastructure, real estate, and private credit investments. It has GBP2.3bn (USD3.1bn) AuM.
NTRS wins major MO mandate
Northern Trust has been appointed by Aristotle Capital Management, LLC to provide middle office outsourcing services for institutional portfolios managed by its equity affiliates. The partnership, which has already been implemented, covers portfolios representing approximately $40bn AuM. Under the mandate, Northern Trust will provide investment operations outsourcing via its middle office platform. Headquartered in Los…
AB expands with State Street
AllianceBernstein has appointed State Street as transfer agent for Taiwan’s first active bond ETF.State Street already services AB’s ETFs in U.S. and Australia.
Ocorian wins PEP mandate
Ocorian has supported the Cayman-domiciled fund advised by Pacific Equity Partners (PEP) as fund administrator, marking the seventh core fund for PEP. The Australian advisor to the Cayman fund, PEP, is Australasia’s leading private-equity manager, with AUD16bn AuM across various investment strategies. Ocorian assisted with establishment, launch and multiple closings of Fund VII and will…