Brown Brothers Harriman has been selected by Allianz Investment Management, a wholly owned subsidiary of Allianz Life Insurance Company of North America, to provide custody, accounting, administration, TA and order taking services for its new Buffered Outcome ETFs. The first two U.S. ETFs were listed on the NYSE on June 1, with plans for additional…
Category: Mandates
BNP Paribas to act as depositary for new FII SGR PE fund in Italy
BNP Paribas Securities Services has been selected by Fondo Italiano d’Investimento SGR (FII SGR) to provide depositary banking services to its Fondo Italiano di Minoranze per la Crescita, a new private equity fund dedicated to minority investing. FII SGR was created in 2010 at the initiative of the Italian Ministry of Economy and Finance and…
BNY Mellon to service Legg Mason’s first semi-transparent ETF
Legg Mason and its affiliate, ClearBridge Investments, have launched Legg Mason’s first exchange-traded fund using the semi-transparent technology of Precidian Investments LLC, ActiveShares. BNY Mellon has been appointed to provide its new end-to-end digital solution to support the ETF.
TIH appoints HSBC for middle office, custody and fund admin services
TIH Investment Management Pte. Ltd, a private equity firm based in Singapore, has appointed HSBC Securities Services to provide administration services, including middle office, global custody and fund administration. TIH recently launched a new Asian active engagement fund, which will be equity long-only with a pan-Asian focus on small to mid-cap companies. HSS will be…
DBAG appoints Aztec to service new Guernsey-domiciled PE fund
Deutsche Beteiligungs (DBAG), a German private equity manager, has appointed Aztec Group, the C.I.-based administrator, to provide administration, accounting and investor services for its latest fund, domiciled in Guernsey with commitments of EUR1.1bn. Aztec will also act as the fund’s depositary from its UK office.
Aztec supports new fund for Redstone and SBI
Aztec Group, the C.I.-based administrator, has supported the launch of the Future Industry Ventures fund, a joint venture between Redstone and SBI Group. The fund aims to raise EUR200m. Aztec supported Redstone and SBI with the set-up and launch of the fund, and will continue to provide a range of administration and governance services from…
Pendal selects Mainstream for unit registry
Mainstream, an Australian administrator, has been appointed by Pendal Group for a five-year unit registry agreement, Under the arrangement, Mainstream will provide registry services for Pendal’s Australian funds with approximately AUD19bn (USD12.5bn) of assets under management.
Ultimus to administer new ESG fund for Cornerstone Capital
Ultimus Fund Solutions, a U.S.-based independent administrator, has been selected as fund administrator for the Cornerstone Capital Access Impact Fund. Cornerstone Capital Group is a privately held registered investment adviser based in New York that focuses solely on sustainable and impact investing through targeted environmental, social and governance (ESG) strategies. Ultimus was chosen to administer…
GaoTeng appoints Lemanik, BBH for first UCITS fund in Ireland
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.
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…