Fund Administration

Investment manager has replaced its legacy fund accounting system with FundGuard’s cloud-native platform to improve automation, real-time data visibility and scalability. 

The private equity firm will buy the private markets fund administrator from Hg and General Atlantic through its core private equity strategy. 

Custody, depositary and fund administration mandated for two Ireland-domiciled umbrellas, expanding a servicing relationship with the mutual's asset management arm that dates back two decades.

Mandate covers fund depositary, global custody and fund administration services as Pictet Asset Management enters Europe’s active ETF market. 

AI-driven quantitative manager taps SS&C GlobeOp for fund accounting and investor services as it scales trading operations across Asia. 

Expanded global mandate will see the asset management firm receive custody, depositary, fund accounting and transfer agency services for new fund.

Growth in assets under custody and administration (AUC/A), alongside new client mandates and expanded ETF servicing capabilities, helped drive a strong second quarter for Citi’s securities services business. 

New regulatory approval allows the custodian to provide fund administration services on the ground as Saudi Arabia's asset servicing market develops. 

Appointment follows market review as ETF provider selects Citi’s global servicing and local market capabilities.