Funds industry

Appointment extends two-decade relationship as asset manager streamlines operating model. 

Mandate will see BBH deliver depositary, fund services and transfer agency for Hong Kong-domiciled structure. 

This week’s fund services round-up features Aztec Group, Citco, Gen II Fund Services, CSC, Suntera Global, Ocorian, Langham Hall, and JTC. 

Extended partnership will see State Street deliver end-to-end ETF servicing as Thornburg broadens access to its active strategies. 

The appointment reflects Apex Group’s continued investment in Luxembourg, its largest operational hub, as it looks to scale its delivery platform across fund and corporate services. 

Retailisation and digital distribution are exposing inefficiencies in fund servicing, with custodians under pressure to adopt faster, more scalable operating models.

Servicing mandate will cover custody, fund accounting, ETF basket creation, create/redeem order management, settlement, transfer agency and reporting. 

Chris Shaw, managing director and head of retail alternative fund services at Citco, explains why retail investors are becoming a key growth driver for alternatives - and what it takes to support them at scale.

Partnership brings Hamilton Lane’s ELTIF 2.0 evergreen fund onto Clearstream’s fund distribution platform, widening access for wealth managers and improving operational efficiency. 

Abu Dhabi-based asset manager Lunate has launched its first UCITS ETFs on Euroclear’s international platform, becoming the first Middle Eastern issuer to adopt the ICSD model.