UBS to transfer Credit Suisse fund administration businesses to Northern Trust
The deal sees CACEIS provide the tokenisation infrastructure, digital wallets, and custody for the tokenised fund units.
The bank will provide custody, depositary and registrar services for Bpifrance’s ELTIF II fund targeting retail investors.
The move follows the addition of BNY’s European banking entity to the EU’s MiCA register in July.
The designation gives dealers and clearing members another settlement route for eligible CCP-cleared trades across MTS Italy markets.
The bank plans to offer custody for selected crypto assets, stablecoins and tokenised real-world assets, adding Singapore to its growing network of digital asset custody markets.
The expanded service will cover more than 3,500 US equities and ETFs, with settlement through DTC and BNY acting as settlement agent.
Executive joins Swedbank from DNB, having previously held securities services roles at Euroclear Sweden and UBS Investment Bank.
The partnership will make Brookfield’s Luxembourg-domiciled evergreen funds available through Clearstream’s fund distribution platform.
The deal will see CACEIS take on third-party asset servicing activities as well as servicing for Edmond de Rothschild’s private equity and infrastructure funds.
The move covers almost 100 funds with £11 billion in assets under administration as the investment manager moves on from previous setup with Natwest and CACEIS.
The private equity firm will buy the private markets fund administrator from Hg and General Atlantic through its core private equity strategy.
The rollout expands BNP Paribas’ existing use of Proxymity’s technology for local custody clients in the UK, Australia and New Zealand.
Madrid-based roles will drive the firm's custody product and operational strategy.
New settlement link will allow international investors to access and settle eligible Qatari riyal-denominated government bonds and sukuk through Euroclear Bank.