BBH has been appointed as custodian and administrator for a new ETF launched by ICBC UBS Asset Management (International) Company Limited (ICBCUBSI) in partnership with Krane Funds Advisors, LLC, domiciled in Hong Kong Brown Brothers Harriman Trustee Services (Hong Kong) Limited serves as trustee and registrar. The ICBC UBS KraneShares KWEB CSI China Internet ETF will…
Category: Bank Providers
Koudelka to step down at State Street
Frank Koudelka, one of the most highly respected ETF specialists in the industry, is to retire from State Street in 2026. Koudelka, who is the global ETF product specialist for the investment services business, joined State Street in 2007 following its acquisition of Investors Bank & Trust, where he previously worked. Godspeed to Frank and…
U.S. Bank & Ultimus support new BDC
Monroe Capital LLC, a U.S.-based private credit asset manager with c. USD22bn AuM, has launched the Monroe Capital Enhanced Corporate Lending Fund, a perpetual-life, continuously offered, non-traded BDC designed to provide retail investors access to Monroe’s direct lending strategy. U.S. Bank Trust Company has been appointed as custodian for the securities, with Ultimus Fund Solutions…
NTRS reports strong NA AO growth
Northern Trust has further strengthened its market-leading asset owner franchise in North America, reporting robust new business growth with pensions, endowments and other institutional asset owner clients, securing >100 mandates across key global markets in 2025. The new business represents > USD385bn in assets (as of Nov. 30, 2025).
Nasdaq partners with Citi
Nasdaq has selected Citi to provide Account Operator services across the Nordics and Euroclear Bank, enabling its integrated access to relevant financial market infrastructures.
FactSet and Arcesium join forces
FactSet, the digital financial platform and enterprise solutions provider, has partnered with Arcesium, an investment administrator in which J.P. Morgan has a stake, to deliver a unified investment management offering designed to integrate front, middle, and back-office asset management workflows across public, private, and alternative markets. Integrating analytics engines, data pipelines, and AI-powered workflows, this…
Covercy partners with NAV
Covercy, a provider of end-to-end investment management solutions for commercial real estate, has formed a partnership with NAV Fund Services, a U.S.-based administrator with USD350bn AuA. The partnership combines Covercy’s integrated investment management and banking platform with NAV’s fund administration capabilities, providing clients with a full-service solution for fund accounting, reporting, and investor servicing. The…
Farlese joins Ultimus
Ultimus Fund Solutions has appointed Steve Farlese as COO of Ultimus Private Fund Solutions. He joins Ultimus with more than 30 years’ experience in alternative fund operations, investor services, and global service delivery. Prior to joining Ultimus, he spent over three decades at BNY, where he most recently served as MD supporting alternative investment solutions…
T. Rowe Price upgrades with CRD
T. Rowe Price, the U.S.-based manager with USD1.79trn AuM, has expanded its relationship with Charles River Development through the migration to the SaaS-deployed Charles River Investment Management Solution (IMS). A representative from T. Rowe Price, a Charles River client since 2002, said: “It was a huge initiative that involved deep work on both sides, and…
Fineco appoints SGSS for ELTIF servicing
As Fineco Asset Management expands its product suite to offer alternative investment funds, it has appointed SGSS to provide fund administration, depositary and transfer agency services for its first private equity fund, domiciled in Ireland, as well as local transfer agency services in Italy. This new investment solution will be directed towards FinecoBank clients in…