Ocorian, the C.I.-based asset servicing provider for asset managers, private and corporate clients, has acquired Clarity Consulting Solutions Ltd, a UAE- based regulatory and compliance services provider. Clarity was founded in 2020 by Natalie Hodgins and Shamshad Khan who, together with partner Barry Cotter, will join Ocorian and be part of the global regulatory and…
Category: Product
Clearstream expands fund servicing to UAE
Clearstream has expanded its services to include operational processing for funds domiciled in the UAE. This includes the special purpose domiciles such as the DIFC and the ADGM. Clearstream can now support execution activities for various types of funds, including open-ended mutual funds, closed-ended mutual funds, and closed-ended private equity funds, including VC funds, which…
U.S. Bank appoints MUFG and Citi
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…
Citco expands coverage for retail alts
Citco, the asset-services provider to the alternative investment sector, has opened an office in Kansas to support its expansion into the retail alternatives market. The office supports the operations of Citco’s recently effective SEC-registered transfer agency, which is focused exclusively on the retail alternatives market. It will serve as the main centre for Citco’s SEC…
ID-Pal acquires KYB fintech
ID-Pal, the identity verification platform, has acquired NorthRow, a Know Your Business (KYB) fintech. The acquisition will enable ID-Pal to deliver a unified compliance intelligence solution for KYC, KYB, and AML. NorthRow brings financial service firms including Caxton, Equifax and Hargreaves Lansdown into the existing ID-Pal global portfolio, which already includes government organisations such as…
BlackRock invests in AccessFintech
BlackRock and AccessFintech, a data and workflow collaboration network for financial markets, have formed a partnership. Through Aladdin, the firms aim to deliver bilateral connectivity and real-time post-trade collaboration between the global buy-side Aladdin platform community, and the >250 capital markets and asset servicing institutions already connected to AccessFintech’s Synergy Network. BlackRock has made a…
Suntera partners with Qualix
Suntera Global, the C.I.-headquartered provider of fund, corporate, capital market and private wealth solutions, has partnered with Qualix S.A., a Luxembourg-based service provider to alternative investment funds, corporate and private wealth clients. With a team of >40 staff, Qualix delivers a suite of services including domiciliation, directorship, accounting, tax, administration, payroll, and liquidation.
HSBC launches integrated ETF solution
HSBC has become the first global bank to offer an integrated fractional dealing and custody solution for all ETFs listed on the London Stock Exchange. With the launch of this new HSBC capability, retail investors in the UK will be able to buy and sell fractional ETF shares through participating savings and investment platforms, IFAs,…
NTRS taps Broadridge for class action service
Northern Trust is expanding its global asset recovery capabilities with Broadridge’s proprietary global class action technology, enabling clients to optimise claim recoveries and increase engagement in settlement processes. Enhancements available with the new service include expanded coverage for more than 35 markets and, for the first time, support for opt-in markets where claimants can elect…
Allvue integrates Passthrough solution
Allvue Systems, a fintech provider for private capital markets, has integrated Passthrough’s investor onboarding technology. Passthrough is a solution provider for investor onboarding and financial crime compliance. The integration links Allvue’s fundraising and investor portal solutions with Passthrough within the Allvue platform. This integration is expected to simplify the prospecting, onboarding and management processes for…