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.
Category: Outsourcing
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.
Axcelus outsources to SS&C
Axcelus Financial, a provider of life insurance and annuities, has selected SS&C to modernise its IT stack and transform its operations. Additionally, Axcelus is transitioning IT infrastructure and client support for its operations in the U.S. and Bermuda to SS&C Global Investor & Distribution Solutions. As a result, some Axcelus staff will transfer to SS&C.…
NTRS wins major MO mandate
Northern Trust has been appointed by Aristotle Capital Management, LLC to provide middle office outsourcing services for institutional portfolios managed by its equity affiliates. The partnership, which has already been implemented, covers portfolios representing approximately $40bn AuM. Under the mandate, Northern Trust will provide investment operations outsourcing via its middle office platform. Headquartered in Los…
Liontrust outsources trading
Liontrust, the UK-based active asset manager with GBP21.6bn AuM (USD29bn), has expanded its relationship with BNY with the outsourcing of its trading for investment funds and institutional accounts to BNY’s buy-side trading solutions group. Liontrust’s UK-based traders have joined BNY.
Fundhost partners with SS&C
Fundhost Limited, a fund services provider to investment managers in Australia, has selected SS&C to support its fund services operations. Fundhost provides responsible entity, trustee, fund administration, registry, compliance, operations and support services to Australian and international fund managers. Under the agreement, Fundhost will use SS&C’s proprietary platform to streamline its unit registry and fund…
HSBC to provide MO services to Eastspring
Eastspring Investments, the Asia-based manager owned by the UK’s Prudential, has appointed HSBC to provide middle office outsourced services and support its growth ambitions across multiple Asian markets, including Singapore and Malaysia. HSBC’s MO services will be integrated into BlackRock’s Aladdin platform, which Eastspring has been using since 2019. HSBC’s securities services relationship with Eastspring…
TMF hires for funds services team
TMF Group, a Netherlands-based provider of fund and corporate services, has appointed Tim LiVolsi as managing director of strategic operations and lift-outs within the funds services team. He was most recently at Cerberus Capital Management, and has also worked at Citi, J.P. Morgan and BNY.
IQ-EQ launches MO service in Europe
IQ-EQ has expanded its middle office service offering into Europe, leveraging its U.S. experience. Paul Griffith, chief commercial officer for Ireland, will oversee the implementation of this offering across Europe and the UK.
UI hires for BD
UI efa, a Luxembourg-based fund service provider and member of Universal Investment Group, has appointed two new members to its business development team: Emma Causevic and Pamela Valasuo.