Deutsche Bank has won a loan services and fund administration mandate from Pacific Asset Management, a subsidiary of Pacific Life Insurance Company, which invests in fixed income strategies and has over $4 billion in AUM. Deutsche Bank will provide these services for the asset manager’s new commingled investment fund focused primarily on bank loans.
Deutsche Bank Alternative Fund Services (AFS) and Structured Credit Services (SCS) are integrating their technology for the asset manager, which invests in fixed income strategies, and the two partnered divisions will provide trade capture, trade settlement, daily cash reconciliation, cash flow reporting, portfolio and transaction reporting, as well as automated daily pricing of bank debt and reporting.
“Having provided our sister company, Pacific Global Advisors, with exceptional fund administration support, we knew we could count on Deutsche Bank to mobilize quickly and offer a custom solution for our new fund,” says Rex Olson, senior managing director from Pacific Asset Management. “Deutsche Bank’s expertise in bank loan administration and settlement, combined with their innovative fund services platform made them a clear choice.”
“Our automated data and information flow between SCS and AFS is just one illustration of Deutsche Bank’s ability to offer a full suite of products and services in a fully customizable platform to our clients,” says Steven Park, head of Structured Credit Sales & Product Management, Global Transaction Banking, Deutsche Bank.
Deutsche Bank Wins Loan Services and Fund Administration Mandate
Deutsche Bank has won a loan services and fund administration mandate from Pacific Asset Management, a subsidiary of Pacific Life Insurance Company, which invests in fixed income strategies and has over $4 billion in AUM.
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