Carne Group, the European third-party ManCo, has completed the acquisition of Japan Fund Management (Luxembourg) S.A. (JFML) from Mizuho Trust & Banking (Luxembourg) S.A. JFML manages approximately USD5bn and supports the overseas investments of Mizuho’s Japanese institutional clients. Carne is acquiring the entire issued share capital of JFML,
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Vistra appoints new CEO
Vistra, the Asia-based provider of business solutions, has appointed Kim Jenkins as CEO. She succeeds Simon Webster who has served as CEO since 2022. He will leave the company on 4 July, returning to Europe. Jenkins previously served as group CEO of Tricor and, following its merger with Vistra, became COO in 2024.
Syz appoints CACEIS as exclusive provider
CACEIS has been appointed by Syz Asset Management, part of Swiss family-owned Syz Group, to provide custody, fund administration, and transfer agency. The mandate covers all of Syz Asset Management’s funds totalling over CHF3bn (USD3.78bn). Syz Asset Management specialises in bond and money-market instruments for Swiss institutional investors.
UC partners with State Street
UC Investments, the investment arm of the University of California, and State Street have formed an initiative to give individuals access to institutional-grade investment tools and opportunities. The initiative will combine the latest investment technologies and artificial intelligence to give individuals direct access to a broader range of investment opportunities, including private markets. It also…
FundBank wins Lux licence
FundBank (Europe) S.A. is now live in Luxembourg, fully licensed by the European Central Bank and regulated by the CSSF. This authorisation as a full credit institution enables FundBank to serve clients across the European Union, delivering a compliant, cross-border banking infrastructure to the alternative investment fund (AIF) industry. FundBank supports the full lifecycle of…
Citco expands PM offering
Citco has expanded its private markets offering to include services for U.S. SEC registered entities accepting retail investors. Citco has appointed Chris Shaw to lead the retail alternatives division. He joins from SS&C where he played a key role in the creation of its retail alternatives transfer agency. The expansion will provide services including fund…
BlackRock legend retires
Legend is a word that is much misused and overused, but there should be no doubt that it genuinely applies to Phil Evans who, after 15 years at BlakcRock is to retire. Evans was most recently head of global provider strategy at BlackRock.
CACEIS wins further crypto approval
CACEIS Bank has been authorised by the ACPR, France’s banking and insurance regulator, following the advice of the AMF, France’s financial sector regulator, to provide crypto-asset services in accordance with the procedures laid out in Article 60 of MiCA, the European Markets in Crypto-Assets regulation. This is a major step in the roll-out of the…
BP2S announces leadership transition
Effective 1 January 2026, Claudine Gallagher, currently head human resources officer at BNP Paribas CIB Americas, and previously head of Americas for securities services, will be appointed as head of securities services globally. Patrick Colle will become executive chairman of securities services, in addition to his role as chairman of financial institutions coverage. Gallagher, who…
BNPP to acquire HSBC’s Germany business
BNP Paribas has entered into an agreement with HSBC for the acquisition of the custody and depositary bank business of HSBC Continental Europe S.A., Germany, subject to regulatory approvals. As part of the agreement, the custody business staff employed at HSBC Continental Europe S.A., Germany will transfer to BNP Paribas’ securities services business in Germany.…