Jason Nabi has been appointed group head of strategy and M&A at Euroclear. Nabi has previously worked at BNP Paribas, SGSS and HSBC.
Category: Headlines
SGSS to act as depositary for new RE fund in Italy
SGSS in Italy has been chosen by Invimit SGR, a company owned by the Ministry of Economy and Finance, to provide depositary bank services for its new Dante real estate fund.
Perpetual switches to State Street in Australia
Perpetual Investment Management Limited, the Australia-based asset manager, has appointed State Street to provide custody and fund administration services. State Street will provide core custody, middle office, administration, valuation, accounting and tax reporting services to the funds managed by Perpetual. In addition, Perpetual will leverage State Street’s enterprise data platform to manage data across the…
Commerz Real appoints BNP Paribas as depositary for new LTIF
Commerz Real AG, a subsidiary of Commerzbank, has appointed BNP Paribas in Luxembourg as depositary bank for its European Long Term Investment Fund, KLIMAVEST. The fund’s policy is to invest in renewable energies, infrastructure, transport, mobility and forestry. The goal of this public fund, distributed in Germany, is to invest EUR25bn.
Cramer Rosenthal McGlynn moves mutual funds to Ultimus
Ultimus Fund Solutions, a U.S.-based provider of fund servicing solutions, has been retained by Cramer Rosenthal McGlynn, LLC, a U.S. manager with c. USD3.3bn AuM. Under the agreement, Ultimus will provide fund accounting, administration, transfer agency and shareholder services to five CRM mutual funds with >USD1bn AuM.
ZKB and Clearstream process first fund order via FundsDLT
Zürcher Kantonalbank (ZKB) and Clearstream have processed their first live blockchain-based end-to-end fund transactions, using FundsDLT, a decentralised platform for fund transaction processing. ZKB is the first client to leverage the joint FundsDLT and Clearstream solution, with an end-investor placing a fund transaction request through a mobile app directly on the private blockchain. The order…
Neil Coxhead joins DMS Governance from CACEIS
Neil Coxhead has joined DMS Governance, the Cayman-based fund governance specialist, as a managing director in its UK ACD business. Coxhead was previously at CACEIS.
Janus Henderson appoints BNY Mellon for global data management solution
Janus Henderson, the UK-headquartered manager with USD358bn AuM, has appointed BNY Mellon to implement a global data management platform that will help improve the quality and ease of access to investment information across the enterprise. The cloud-based solution supports the data platform transformation strategy of Janus Henderson and will consolidate sources of information into one…
HSBC launches NAV oversight apps
HSBC has launched a set of digital applications to help asset owners and managers monitor the NAV of their funds. The NAV Oversight suite of applications offers real-time dashboards tracking the status of NAV processing against agreed timelines for publication. To help clients review the accuracy of the NAV, the apps break down the underlying…
Sanne appoints Peter Nagle as chief commercial officer
Sanne, the UK-listed administration and corporate services provider, has promoted Peter Nagle from global head of client growth to the role of chief commercial officer. Nagle will be responsible for client service delivery in all jurisdictions and the firm’s continued commercial development. He joined Sanne in 2018 to lead the Mauritius business.