Northern Trust has expanded its relationship with Driehaus Capital Management, a U.S.-based asset manager. Northern Trust will provide fund accounting, fund administration, regulatory administration, transfer agency and global custody services to the Driehaus Mutual Funds. Northern Trust was appointed in 2009 to provide global custody and related services to Driehaus entities, including the Driehaus Mutual…
Category: Mandates
AGI selects SS&C’s Sylvan for FI performance and attribution
Allianz GIobal Investors has selected SS&C’s Sylvan as its consolidated global performance measurement and attribution platform for its fixed income businesses. AGI’s fixed income team manages EUR193bn (USD226bn) in assets.
UK’s Britannia Global Markets appoints Broadridge for post-trade support
Britannia Global Markets, a full-service UK-based brokerage house and subsidiary of Britannia Financial Group, has mandated Broadridge Financial Solutions, Inc., a U.S.-based fintech, to streamline its post-trade processing for its international securities business, including cash equities, fixed income and repurchase agreements.
Clark Capital strikes middle office deal with Archer
Clark Capital Management Group, an independent asset manager based in the U.S. with USD20bn AuM, has struck a deal with Archer, a services provider to the asset management industry. Archer is providing a full suite of operations support and will share middle office technologies with Clark Capital.
Apex to support Home REIT plc after IPO on LSE
Apex, the Bermuda-based financial services provider, it provided pre-IPO support to Home REIT plc ahead of its listing on the London Stock Exchange. Apex will continue to work with Home REIT to provide fund, financial and corporate solutions, including real estate fund administration and accounting, AIFMD depositary, corporate governance and company secretarial services.
Northern Trust wins GBP11bn Marks & Spencer pension fund
Northern Trust has been selected by Marks & Spencer Pension Trust (M&SPT) in the UK to provide a range of asset servicing solutions to the M&S Pension Scheme, a defined benefit pension scheme of which M&SPT is trustee. With GBP11bn of assets (USD14.3bn), the M&S Pension Scheme is one of the country’s 25 largest corporate…
Sanford C Bernstein consolidates European settlement with BP2S
Sanford C Bernstein Ltd, the broker/dealer subsidiary of Alliance Bernstein, has appointed BNP Paribas Securities Services to provide settlement services in Austria, Germany, Italy, Turkey and Euroclear Bank. This appointment follows Sanford C Bernstein’s decision to consolidate its providers in Europe and strengthens its relationship with BNP Paribas Securities Services, which already provides the broker/dealer…
WHEB AM appoints FundRock as ManCo for new ICAV
WHEB Asset Management LLP, a UK manager, has appointed FundRock Management Company S.A. as the ManCo for a new Irish-domiciled ICAV. FundRock will provide oversight of the delegated functions, risk and compliance monitoring, as well as distribution support services for the new structure and its sub-fund. FundRock already acts as the authorised corporate director for…
Federated Mutual selects Northern Trust for USD7bn custody mandate
Northern Trust has been selected by Federated Mutual Insurance Company to provide global custody and cash management services for over USD7bn of insurance assets.
Citi wins USD600m servicing mandate for Russia’s first ETF issuer
Citi has been awarded the mandate to provide ETF services for the full fund range of FinEx ETF, Russia’s first ETF issuer. Under the agreement, Citi will service FinEx’s 13 ETFs, coveringUSD600m in assets. Citi will provide a range of services across custody, fund administration and basket services, as well as distribution support through Citi…