Vistra wins fund administartion mandate from AMR Action Fund
Vistra will support the venture capital fund across its entire fund structure, the management company, its SPVs and portfolio company investments.
Deloitte report on digital assets delivers bold claims around cryptocurrencies, custody and the role of banks
Survey shows majority of market participants believe digital assets will replace fiat currencies within the next decade with custodians set for key role in the future.
Citi connects to ICE Clear Europe through newly expanded Baton network
With the Baton network, Citi will automate its collateral management as it becomes first FCM to connect to ICE Clear Europe.
Apex Group closes acquisition of BRL Trust Investimentos
The transaction expands Apex’s growing presence in Latin America, with an addition of 160 new employees and a new office in São Paulo.
GPFA adds Canadian pension giant OMERS as latest member
OMERS, which manages around $114 billion of assets, has become the seventh Canadian beneficial owner firm to join the buy-side organisation.
Custody
Fireside Friday with… Citi’s Aashish Mishra
As markets across Asia-Pacific re-emerge from the COVID-19 crisis, Citi's head of direct clearing and custody, Aashish Misra, highlights what digitalisation initiatives will have the most impact on post-trade processes.
DTCC files SEC application for securities finance clearing house
The application is the formal start of the launch process of a central clearing and settlement service for overnight equity securities financing.
Ultimus Fund Solutions recruits 30-year SEI veteran for top relationship management role
The addition will help fuel Ultimus' drive to win fund administration and transfer agency mandates with larger clients.
UMB Fund Services appointed as administrator for AFA’s first closed-end interval fund
The Milwaukee-based fund services firm will also provide fund accounting and tax reporting services, while UMB Bank will provide custody services.
TriOptima sets up direct connectivity to main tri-party agents
Clients will now gain direct connectivity to BNY Mellon, Clearstream, Euroclear and JP Morgan, via SWIFT, for sending and receiving collateral instructions.