HSBC has appointed Steve David as head of its securities services business in Luxembourg. David is an industry veteran who spent 20 years at Northern Trust, latterly as head of its Luxembourg business, and joins from IRACE (formerly FundBank) where he was CEO of Luxembourg.
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IQ-EQ hires Switzerland BD director
IQ-EQ has appointed Martin Müller as director of business development for Switzerland. Based in Zurich, he joins from Solutions & Funds.
Pictet expands with BBH
Pictet Asset Management has appointed BBH to support its newly launched active UCITS ETFs in Europe as fund depositary, global custodian, and fund administrator. The launch marks Pictet Asset Management’s entry into the active ETF market and extends the firm’s long-standing relationship with BBH. In 2025 Pictet appointed BBH to support its first three U.S.-domiciled…
CACEIS hires for senior PERE role
Romain Mifsud has joined CACEIS as global head of coverage for PERES and financing solutions, based in Paris. He was previously at IQ-EQ and also spent nearly six years at SGSS.
Aztec supports new Highland fund
Aztec has supported long-time client, Highland Europe, a growth-stage technology investment firm, on the close of Highland Europe Technology Growth VI LP, a Jersey-domiciled fund with commitments of EUR1.1bn (USD1.3bn).
Apex appoints chief product officer
Apex Group has appointed Nick Tomadakis as chief product officer. Based in the UK, he reports directly to CEO Peter Hughes. He was previously at DCM Systems
SS&C wins Australia mandate
Fundamental Investment Management, a Sydney-based boutique investment management firm, has selected SS&C to support its inaugural Fundamental Smaller Companies Fund. SS&C will provide fund administration and unit registry services for the Fund. MSC Trustees will serve as trustee and custodian.
Euroclear builds Inversis stake
Euroclear has completed the acquisition of a 90pct stake in Inversis from Banca March. Following its initial acquisition of 49pct in 2025, this second transaction expands Euroclear’s presence in Southern Europe and combines Inversis’ strong local franchise in funds and investment services with Euroclear’s scale, infrastructure and international ecosystem.
Goku appoints SS&C
Singapore Goku Technologies Pte. Ltd., an AI-driven quantitative investment manager, has appointed SS&C GlobeOp as its fund services provider. The firm has USD4bn AuM. SS&C will provide fund administration services for the Goku Technologies Master Fund. The fund operates a high-volume trading strategy with substantial daily trading activity.
Citi supports Global X ETF
Mirae Asset Global Investments (Hong Kong) Limited, together with Citi’s investor services unit and OSL Group, have launched a tokenised unit class for the Global X HSCEI Covered Call Active ETF (3416), marking the first covered call ETF in Hong Kong to introduce a tokenised unit class.