U.S. Bank has appointed MUFG and Citi as sub-custodians for five additional markets in its Asia-Pacific custody network. The markets included in this move are Japan, Indonesia, Malaysia, Thailand and Vietnam. U.S. Bank is using MUFG as sub-custodian for Japan; Citi will be sub-custodian for Indonesia, Malaysia, Thailand and Vietnam. With the transition of these…
Category: Mandates
RLAM selects Equity Trustees for new funds
Equity Trustees has been appointed by Royal London Asset Management as the Responsible Entity for four new funds in Australia. The funds are structured as feeder funds with indirect exposure to established, Ireland-domiciled UCITS. RLAM, which is owned by the Royal London Group, the UK’s largest mutual life pension and investment provider, has c. GBP181bn…
CACEIS supports Amundi tokenised fund
Amundi has launched its first tokenised share of the AMUNDI FUNDS CASH EUR money market fund. The first transaction took place at the beginning of November, and the fund is now distributed in a hybrid manner: it remains accessible in the traditional way and via the tokenised share AMUNDI FUNDS CASH EUR – J28 EUR…
Northern Trust wins AJ Bell mandate
Northern Trust and Carne Group have been appointed by AJ Bell, a UK-based asset manager and investment platform provider, to provide asset servicing and ACD services. Northern Trust will provide custody, depositary and fund administration services for AJ Bell’s in-house managed funds, with Carne as the funds’ ACD. The funds have a combined AuM of…
Langham Hall supports Goldenpeak
Langham Hall has supported Goldenpeak with the launch its debut private equity fund, Goldenpeak Fund I LP. Langham Hall will provide ongoing fund administration services from its Guernsey office and appointed representative (AR) services from its London office.
Ninety One implements Alpha
Ninety One, a South Africa-based investment manager specialising in active strategies across emerging and developed markets, has implemented the State Street Alpha front-to-back platform. This implementation builds on a relationship established in 2004, which has expanded to include middle and back office services and integrated trading solutions.
Northern Trust wins Osmosis mandate
Northern Trust has been appointed by Osmosis Investment Management NL B.V. to provide middle office support including investment operations outsourcing, collateral management and currency management. Osmosis NL is an affiliate of UK-based Osmosis Investment Management UK Limited.
BBH to support Pictet ETFs
Pictet Asset Management has launched its firs three U.S.-domiciled ETFs. BBH has been appointed to support these actively-managed funds.
CORDET appoints Aztec
Aztec has been appointed by CORDET Capital Partners, a specialist credit investor, to provide fund administration and depositary services for its Luxembourg-based funds, Fund II and Fund III. Established in 2013, CORDET is a London-headquartered investment firm that focuses on direct lending to smaller mid-market companies in Northern Europe. Delivered from its offices in Luxembourg…
Intesa expands with State Street
State Street has expanded its relationship with Intesa Sanpaolo, the Italian bank. As part of this expanded relationship, State Street will integrate an IT business unit and outsource custody back-office operations of the Italian bank.