Ocorian, the C.I.-based administrator, has made three appointments in Luxembourg. Susana Carvalho joins as associate director, head of funds operations. She was previously head of operations at a Luxembourg-based alternative investment fund manager. Emmanuelle Poret joins as head of client onboarding. She previously led the client relationship management department for Arendt Services. Rachel Aguirre joins…
Category: Headlines
BNY Mellon opens Jeonju, Korea office to support NPS
BNY Mellon has opened a representative office in Jeonju, Korea. This follows its 2018 appointment as global custodian for the fixed income assets of National Pension Service of Korea (NPS), which is based in Jeonju. NPS, which oversees South Korea’s public pension assets, is the world’s third largest pension fund. As of April 2019, it…
BNP Paribas wins EUR8.6bn Pensioenfonds PostNL mandate
BNP Paribas Securities Services has been selected by Pensioenfonds PostNL to provide custody and value-added services. Pensioenfonds PostNL is the company pension fund of PostNL, and has a total asset base of EUR8.6bn. The mandate, effective from 1 January 2020, covers custody, investment accounting, investment compliance, regulatory reporting, and performance and risk analytics services.
BNY Mellon strengthens EMEA private markets team
BNY Mellon has strengthened its EMEA private markets team with the appointments of Greg Kok and Robert Burchett-Coates. Kok joins as director, private equity, real estate, debt and infrastructure, and will be based in Luxembourg. He was previously at Maitland, where he was head of management company services. Based in London, Burchett-Coates joins as director,…
Northern Trust boosts TM business with two hires In Australia
Northern Trust has made two appointments in its capital markets business. Mat Cook has been appointed to lead Northern Trust’s transition management offering across Asia-Pacific, based in its Sydney office. Cook joins from State Street, where he worked for the past nine years as a transition manager. Rob Dixon joins the transition management team in…
Link sells South African registry business to JSE
Link Group, the Australia-based administrator, has agreed to sell its 74.85pct holding in Link Market Services South Africa to JSE Limited. Link Group will receive proceeds of R224.5m. Link Group entered the South African registry market in 2006. JSE is Africa’s largest multi-asset class stock exchange.
Northern Trust appoints Grace Hayman for senior ANZ SL role
Northern Trust has appointed Grace Hayman as senior relationship manager for its securities lending business in Australia and New Zealand. Based in Sydney, Hayman will also be responsible for leading securities lending business development activities across the region. Hayman was most recently based in Northern Trust’s Singapore office where she managed the Southeast Asian securities…
Doug Guzman appointed group executive for RBC I&TS
Following the departure of Harry Samuel, the CEO of RBC Investor & Treasury Services, Francis Jackson has assumed the newly created role of CEO of the investor services business globally. Jackson initially reports to Doug McGregor, CEO of RBC Capital Markets and group head, RBC Capital Markets and RBC I&TS. Following McGregor’s retirement in January…
Ultimus to Acquire LeverPoint Management
Ultimus Fund Solutions has agreed to acquire LeverPoint Management, a U.S.-based provider of fund administration and support services to private equity, venture capital and real estate managers. Ultimus’ private fund business will operate as Ultimus LeverPoint Private Fund Solutions and will provide administration for approximately USD90bn of private fund assets across 230 clients. In total,…
Aberdeen Standard Investments consolidates TA with SS&C
Aberdeen Standard Investments (ASI), a UK-based asset manager with >USD676bn AuM, has signed a multi-year contract with SS&C until 2025 for transfer agency services. SS&C helped ASI to consolidate and standardise investor servicing across the combined Aberdeen and Standard Life global operations following the 2017 merger.