Coremont, the UK-based provider of investment management support services, has appointed Callum Runcie as its senior sales executive for North America. Runcie joins from Options IT, where he was sales director, buyside. He previously worked for HSBC’s securities services business.
Category: Outsourcing
Westwood outsources trading to Northern Trust
Northern Trust has been selected by Westwood Holdings Group to provide outsourced trading through its Integrated Trading Solutions service. In this role, Northern Trust will assume responsibility for equity and fixed income trading and middle office trade settlement support for the USD12bn asset manager.
Northern Trust wins MO mandate for FSI in Australia
Northern Trust has been appointed by First Sentier Investors (previously First State Investments), an Australia-based global asset manager with >AUD200bn (USD156bn) AuM, to provide middle office outsourcing services. FSI was acquired in 2019 by Mitsubishi UFJ from Commonwealth Bank.
IQ-EQ acquires Constellation
IQ-EQ, the Luxembourg-based administrator, has completed the acquisition of Constellation Advisers LLC, a U.S.-based co-sourced and outsourced investment management services provider, following receipt of all necessary regulatory approvals. Constellation Advisers, which has 115 employees across six U.S. offices, provides customised solutions to a range of traditional and alternative investment management firms, including private equity, real…
Glenmede adds equity trading to State Street mandate
Glenmede Investment Management L.P., a U.S.-based money manager with USD11bn AuM, has appointed State Street to provide outsourced non-US equity trading and middle office services for GIM’s international equity strategy. This mandate adds to the recently extended investment servicing relationship covering custody, accounting, fund administration and transfer agency solutions for the Glenmede Funds.
Apex launches CFO & COO Solutions via Throgmorton
Apex Group has launched CFO & COO Solutions through its subsidiary, Throgmorton. This follows the recent launch of Throgmorton Compliance Solutions, which delivers tailored services including licence applications, regulatory audits, compliance monitoring and technology-enabled management services.
Brooks Macdonald signs outsourcing deal with SS&C
Brooks Macdonald, a UK wealth manager, has partnered with SS&C for technology and operational services. As part of the arrangement, Brooks Macdonald will consolidate its operations on SS&C technology. By 2021, SS&C will transition Brooks Macdonald’s operations to its technology and deploy its end-to-end wealth technology stack. Solutions include the SS&C Investrack digital service layer…
CACEIS takes over fund accounting for KGAL in Germany
CACEIS Fonds Service GmbH has taken over fund accounting for 16 closed-end special funds for KGAL Group. The funds’ assets are EUR3.6bn. Both parties have completed the transfer of the associated team from KGAL, based in Gruenwald near Munich, to CACEIS. CACEIS provides bookkeeping, including the calculation of NAVs, financial balancing, regulatory reporting, and production…
France’s Sunny AM takes SGSS’s CrossWise solution
Sunny AM, a French asset management firm, has chosen SGSS’s CrossWise front-to-back service for its middle office and for the provision of the front office portfolio management system SimCorp Dimension. SGSS is already the custodian, trustee and fund administrator of all Sunny AM funds.
Apex to provide front-to-back solutions for UK’s Ardent Financial
Apex Group has been appointed to provide front to back office solutions to Ardent Financial Limited, a UK-based global securities dealer, using Calypso’s management and reporting platform. These services will complement Apex’s existing provision of custody services to Ardent. Apex will provide decision support, analytics and back office services to Ardent via the Calypso platform…