DTC, a subsidiary of DTCC, has received a No-Action Letter from the Securities and Exchange Commission to offer, under federal securities laws and regulations, a new service to tokenise real-world, DTC-custodied assets in a controlled production environment. DTC anticipates beginning to roll out the service in the second half of 2026. The No-Action Letter authorises DTC…
Category: Headlines
UI launches active ETF platform
Universal Investment Group, the Germany-based fund services platform and Super ManCo, has launched its active ETF offering. The new platform enables asset managers and fund initiators to launch active UCITS ETFs with efficient time-to-market, regulatory certainty, and full operational support. Universal Investment is already working on customised active ETF structures as well as a white-label…
Maples advises ORIX on new PE fund
The Maples Group has advised and supported ORIX Corporation, a Japanese financial services firm, on the launch of a USD2.5bn Japan-targeted private equity fund, in partnership with Qatar Investment Authority. This is the first time that ORIX has launched a fund with capital from an international third-party investor for domestic private equity investment in Japan.…
GPF appoints StanChart in Thailand
The Government Pension Fund (GPF) in Thailand has appointed Standard Chartered as its domestic custodian, responsible for the safekeeping of GPF’s domestic assets and sub-funds. Under the five-year mandate, the bank will provide services including asset safekeeping, settlement, corporate actions, cash management, and portfolio valuation. The domestic assets under custody are approximately THB1trn (USD31.7bn). GPF…
BBH wins HK ETF mandate
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…
Ultimus completes SCS fund conversion
Ultimus Fund Solutions has completed the final phase of a conversion of 49 hedge and private equity funds for SCS Financial to the Ultimus operating framework. SCS, a wealth and investment firm serving UHNW families with USD54bn AuM and advisement, initially partnered with Ultimus two years ago to design a new scalable operating model to…
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…
New CEO for Highvern/Permian
Highvern and Permian, which joined forces at the beginning of 2025 under the aegis of long-term investor Jacobs Capital, have appointed Caroline Connellan as group chief executive officer, effective 5 January 2026. Based in London, Connellan was most recently CEO of M&G Wealth. She succeeds Martin Hall, co-founder and CEO of Highvern for the past…
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…
SimCorp appoints CPO
SimCorp, the Deutsche Börse-owned fintech, today has appointed Iyan Adewuya to the newly-created role of chief product officer. He will be based in New York, reporting to Marc Schröter, chief product & technology officer. Most recently, he was head of product for enterprise and private markets solutions at S&P Global Market Intelligence. Prior to S&P…