Northern Trust is to provide its Integrated Trading Solutions service to UK-based Genesis Investment Management for global equity trading. Neil Dacey, head of trading at Genesis, will take up a management role in Northern Trust’s trading team overseeing emerging markets execution. This builds on Northern Trust’s existing fund administration and custody relationship with Genesis for…
Category: Headlines
Vistra adds FoHFs licence upgrade in Lux
Vistra, the Hong Kong-based administrator, has received approval for its alternative investment fund manager licence upgrade in Luxembourg. Vistra is now authorised to service funds of funds in addition to private equity, real estate, infrastructure, and debt funds.
CapitalatWork outsources ManCo work to Lemanik in Lux
CapitalatWork, a wealth manager owned by Foyer S.A., the largest independent insurance group in Luxembourg, has decided to outsource its ManCo activities to Lemanik. CapitalatWork, which has EUR8bn AuM, migrated the business in December 2019.
EFA to provide admin services for WeInvest’s new RE RAIF
WeInvest Capital Partners, a Luxembourg-based real estate investor, has chosen European Fund Administration as administrator and and transfer agent for its Premium Real Estate Fund SICAV-RAIF S.C.A. Philippe Barthelemy, managing partner in charge of investment at WeInvest Capital Partners, said: “We are extremely pleased with the attention demonstrated by EFA teams involved when structuring and…
BNY Mellon onboards Liontrust to upgraded MO platform
BNY Mellon has on-boarded Liontrust Asset Management Plc, a UK asset manager, as the first end-to-end client on its new investment operations (middle office) platform. The new open architecture platform, which is still branded as OnCore, aims to improve automation and integration capabilities, and offer enhanced data management and control capabilities to institutional asset managers.…
NTRS reports bump in UK pension fund assets
Northern Trust reports that AuC for UK pension funds grew by more than USD72bn in 2019. The bank provides custody and related services to more than 270 UK pension funds with collectively more than USD851bn AuC.
NTRS hires Sara Gilbert to head European alternatives bus dev
Northern Trust has hired Sara Gilbert as senior executive for alternatives business development in Europe. Based in Luxembourg, she reports to Douglas Gee, head of sales for EMEA. Gilbert joins from AltaReturn in Hong Kong. She previously held roles at SS&C, SunGard/FIS, PerTrac, Financial News and the Financial Times.
U.S. Bank wins two new mandates for Irish funds
Two new mandates for U.S. Bank in Ireland: Catalyst Capital Advisors, LLC has appointed U.S. Bank to provide fund administration and UCITS depositary services. The Carne Group will serve as the management company. New York-based Catalyst is an existing U.S. client, with USD14bn AuM. Iguana Investments has appointed U.S. Bank to provide fund administration and…
Intertrust supports new PIF for Bansk Group
Intertrust, the Netherlands-based provider of corporate and fund solutions, has assisted Bansk Group with the launch and ongoing servicing of its new private fund structure. The fund has been established as a Guernsey private investment fund. The sole purpose of the fund is to act as a private investment vehicle for the assets of a…
NES to service OZ fund for Arctaris Impact Investors
NES Financial, the Silicon Valley-based administrator, has been appointed by Arctaris Impact Investors, a Boston-based investment firm, to provide Opportunity Zone fund administration services.