The mandate is the latest for State Street as it looks to carve a role in supporting digital asset uptake among institutional investors.
After going live last year with Fidelity International as its first client on the InvestOne platform, JP Morgan has since it migrated nine Australian clients.
The ETF market is experiencing significant change with the migration of mutual funds to actively managed ETFs, as well as innovation in new product types. Shawn McNinch, global head of ETF product and sales, and Ryan Sullivan, head of US ETF services at BBH, explain how custodians and fund administrators are adapting.
Through the mandate, Charles Schwab Investment Management will also be able to tap into BNY Mellon’s flagship data infrastructure OMNI.
Mandate to include fund accounting, investor services, reporting and data analytics overseen by SS&C’s Toronto team.
KLAR Partners closed its debut fund last month at a hard cap of €600 million, one of the largest European first-time funds raised in the last 10 years.
Mainstream had previously entered a deal with Vistra as part of a $170 million deal, however it was granted a month to seek competing offers.
Another M&A deal for growing fund administrator TMF Group as it takes its assets under administration to $150 billion.
Upon final regulatory approval of the ETF, BNY Mellon will provide ETF basket operations, order taking, fund accounting, fund administration and transfer agency services.
The move by Daiwa AM could revitalise investment activity conducted on the China-Japan ETF Connectivity scheme.