The renewed partnership enables Deutsche Bank to provide integrated fund administration and accounting solutions to its clients across the Asia Pacific region through SimCorp One.
New category 4 license enables BNY to offer additional services, including custody, fund administration, and credit and investment deals.
To further accommodate the switch to a shortened settlement cycle, the custodian also made two enhancements to its ETF service model.
This week’s fund services round-up features: fundcraft, Carne, Apex Group, Raiven Capital, Next Gate Tech, Prescient Fund Services, Hazeltree, Allvue Systems and Juniper Square.
The partnership seeks to streamline operational management for hedge funds, especially those requiring a unified approach to brokerage, fund administration, and data management.
Global Custodian sits down with founder and CEO of Apex Group, Peter Hughes, to discuss the strategic direction of the firm and how the organisation views the increasing retailisation of private markets.
Custodian attributes the decline to the sale of its hedge fund administration business to BNP Paribas.
Deal consolidates Apex’s presence in the region, with teams currently operating in both Brazil and Uruguay.
This week’s fund services round-up features: Ocorian, Langham Hall, Aztec Group, AirFund, Maples, Apex and Norlantic.
Custodian also points to a larger pipeline for business yet to be installed, with client interest now spanning multiple business lines.