Apex Group has completed the acquisition of Mainstream Group Holdings Limited, following approvals from Mainstream’s shareholders, the Federal Court of Australia and regulators. Mainstream, an Australia-based administrator with more than 360 employees across Australia, Singapore, Hong Kong, U.S., Isle of Man, Malta, Ireland and the Cayman Islands, services 1,400 funds with AuA of >AUD295bn (USD222bn).
Category: Headlines
Broadridge launches proxy service in Switzerland
Broadridge Financial Solutions has launched its “golden copy” event sourcing and proxy vote execution service for custodians and local agents in Switzerland. The Swiss service is the latest addition to Broadridge’s sub-custody Direct Market Solutions product suite that connects investors and issuers.
Ocorian appoints new COO
Ocorian, the C.I.-based administrator, has appointed Carole Murphy as chief operating officer. She will lead global IT and operations functions. Based in the UK, she reports to Ocorian’s CEO and chairman, Frederik van Tuyll. She joins from Capgemini, where she was head of business transformation services and head of the finance and accounting practice.
U.S. Bank links ETF clients to ICE ETF Hub
U.S. Bank is to offer its clients access to Intercontinental Exchange’s ICE ETF Hub, which provides electronic access to the ETF primary market. ICE ETF Hub, which recently surpassed USD1trn in notional create/redeem orders, is an industry-wide, open architecture technology solution, offering a standardised and simplified process for the creation and redemption of ETF shares.…
Universal-Investment hires head of new London office
Universal-Investment, the Germany-based ManCo and fund services provider, has appointed Julian Mayo to run its newly opened London branch. Mayo joins from Charlemagne Capital/Fiera Capital, where he was co-CIO/chief strategist. The London branch will join the group’s existing network of hubs in Germany, Luxembourg and Ireland. The acquisition by Universal-Investment of the Irish fund management…
SEI acquires Finomial
SEI has confirmed the acquisition of Finomial, an investor lifecycle management firm offering cloud-native financial technology. The technology is expected to be added to SEI’s existing investor-focused platforms to further enhance automation and digitisation capabilities, as well as reporting and transparency. Meredith Moss, Finomial founder and CEO, joins SEI, along with a total of 42…
Confluence adds18f-4 derivatives monitoring solution to existing client relationship
Confluence Technologies, a U.S.-based technology solutions provider for the investment management industry, has expanded its partnership with a large Midwest insurance and multi-strategy investment firm that will now deploy Confluence’s cloud-based Revolution platform for its 18f-4 derivatives and risk monitoring needs. The multi-strategy firm, which already uses Confluence’s Unity NXT Regulatory Reporting platform, will implement…
State Street names new chief risk officer
State Street has named Brad Hu its chief risk officer, effective January 1, 2022. Hu succeeds Andrew Kuritzkes, who is retiring from State Street. Hu was previously the chief risk officer at Citigroup.
U.S. Bank to administer Bitcoin futures ETF for Valkyrie
U.S. Bank has been appointed by Valkyrie Funds, LLC, a U.S. manager focused on the digital asset class, to provide fund administration services for the recently launched Bitcoin Strategy ETF. The futures contracts held by the fund are cash delivered and available from CME Group. The fund is the first in a planned suite of…
Gordian expands SS&C relationship
Gordian Capital, an Asia-based institutional fund management platform with AuM of USD7bn, has expanded its relationship with SS&C in Singapore and Japan. The platform, which uses SS&C GlobeOp for fund administration, has added the Eze Investment Suite to support trading, portfolio and risk management. Gordian Capital will now take advantage of the integrated solution in…