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.
Fast-growing fund administrator adds $20 billion in assets through acquisition.
Former State Street, BNP Paribas and Deutsche Bank executive joins up with fund administrator which recently hit $1 trillion in AuA.
The move represents a major milestone as the active ETF industry looks to compete against a struggling mutual fund market.
Custodians and fund administrators are bracing for an influx of asset managers to launch new private markets funds in Ireland.
Combined with FundSettle, Euroclear said the acquisition of the fast-growing platform will create a new funds market utility and a leading global provider of fund services.
Apex has been mandated to provide trustee oversight services and back-office administration for the BTCE Bitcoin ETC.
Launch follows relaxed rules in the country aimed at boosting local fund managers’ operations.
Following a consultation with last year’s providers, Global Custodian has also introduced two new categories to the survey.