Vistra acquires Phoenix American’s fund admin and TA business
Acquisition will include Phoenix American’s proprietary technology platform, which tracks investors and investment transactions.
M&A
CACEIS completes integration of RBC’s European operations
After securing regulatory authorisations, CACEIS revamped its legal structures by consolidating entities in France, Luxembourg, Belgium, Ireland, and Switzerland.
ABN AMRO to enter asset servicing business with €672m Hauck Aufhäuser Lampe acquisition
ABN AMRO’s expansion into custody services will now extend to illiquid assets, further broadening its service portfolio.
State Street completes acquisition of CF Global
Deal will bump State Street into the ranks of outsourced trading giants such as Northern Trust and UBS, extending its remit in outsourced trading to the UK and Europe.
EquiLend set to be acquired by private equity firm WCAS
WCAS has committed a further $200 million investment to support organic growth initiatives and acquisitions by EquiLend.
Deutsche Börse completes acquisition of FundsDLT
The integration will drive existing live blockchain-based end-to-end fund transactions, backed by Vestima, Clearstream’s fund processing platform
DTCC completes acquisition of Securrency
Securrency brand will be retired following the deal, with unit being renamed as DTCC Digital Assets.
Fund Administration
BNP Paribas to integrate HSBC’s hedge fund admin business
The transfer of services from HSBC to BNP Paribas will be offered to 25 clients globally and will involve the integration of certain employees within BNP Paribas’ expert teams.
RBC Investor Services realigns and rebrands
Move reinforces bank’s commitment to Canadian market.
CACEIS closes acquisition of RBC Investor Services’ European and Malaysian businesses
Completion springboards CACEIS to become the largest administrator in Europe, and the second largest custodian by assets.