GaoTeng Global Asset Management Limited, a Hong Kong-based manager, has launched its first UCITS fund, domiciled in Ireland. GaoTeng has appointed Lemanik as the UCITS ManCo, with Brown Brothers Harriman as fund administrator.
Category: Headlines
Aztec promotes two in real assets leadership team
Aztec Group, the C.I.-based administrator, has made two senior appointments to its real assets leadership team. Farhan Ahmed has been appointed as head of real assets in Luxembourg, while Richard Anthony has assumed the role of head of real assets in Jersey. Both are internal appointments.
Citi to service new family of ETFs for Tuttle Tactical Management
Citi has been appointed by Tuttle Tactical Management to provide full ETF services for its new Trend Aggregation family of four ETFs. Citi’s services include basket creation, fund accounting and administration, custody, fund compliance, and transfer agency services. This new mandate expands Citi’s existing relationship with Tuttle Tactical Management where it has provided fund services…
Citi refines senior management structure for E&SS
Less than a year after the creation of its equities and securities services business, Citi has decided to refine the senior management structure. There will now be two leaders, a global head of equities and a global head of securities services. The latter will be run by Okan Pekin, covering custody and fund services, direct…
Modular AM appoints Northern Trust for new Asia funds
Northern Trust has been appointed by Modular Asset Management (Singapore) Pte. Ltd to provide custody, fund administration, middle-office outsourcing, collateral management and risk compliance monitoring services. Modular, which was spun out of Millennium Capital Management at the beginning of 2020, is a specialist Asian macro alternative investment management company licensed by the Monetary Authority of…
CACEIS completes first wave of fund migrations for CANDRIAM
CACEIS has completed the first of three fund migration waves for CANDRIAM, the French asset manager. This operation took place while all teams were working remotely. The migration involved 26 Luxembourg sub-funds accounting for some EUR10bn in assets. The operation involved a range of services, including depositary, custody, fund administration, transfer agency, fund distribution, securities…
CSC to open in Dublin
CSC, the privately owned U.S.-based provider of alternative fund administration and corporate services, has been licensed by the Central Bank of Ireland to establish a fund services operation in Ireland. Liam McHugh, managing director of fund services for CSC, will head the Dublin office, with a senior management team including David Barry as head of…
State Street to service first ETF for Water Island Capital
State Street has been appointed as the ETF servicing agent for Water Island Capital’s first ETF, the AltShares Merger Arbitrage ETF, tracking the Water Island Merger Arbitrage USD Hedged Index. State Street will provide services including basket creation, settlement, custody, fund accounting, electronic order-taking, financial reporting, and transfer agency. State Street has worked with WIC…
Centaur hires Jon Summers to head product in U.S.
Centaur Fund Services, the Ireland-based provider of services to the alternative fund industry, has expanded its U.S. management team with the addition of Jon Summers, who will take on the role of head of product for Centaur Fund Services U.S. Currently based in New Jersey, Summers has over 15 years’ experience in the fund administration…
BP2S promotes two managers for UK&ME O&T roles
Following the appointment of Simon Olenka as head of UK and the Middle East, BNP Paribas Securities Services has made two senior appointments. Mark Daisley is promoted to the role of head of client delivery for the UK, Middle East and ChanneI Islands. He joined BP2S in 2008. Alexandra Derrien is appointed head of IT…