Northern Trust posts strong asset servicing revenues in Q3 as CEO hails US fund services wins
Chief executive officer for Northern Trust highlights US fund administration wins in a quarter driven by new mandates.
Fund Administration
Citco makes landmark $1 trillion shift of assets to the cloud with AWS
Fund service provider migrates more than 550 clients to Amazon Web Services, including 10,000 accounts and 1.2 billion orders.
Mainstream shareholders approve Apex Group takeover
Deal set to complete in the coming weeks as Apex Group adds another fund services unit to its business.
State Street extends 30-year relationship with Harbor Capital Advisors to service new fixed income ETFs
Renewal and extension of mandate will see the custodian provide various ETF services for two new funds in the US.
JTC acquires US-based fund services provider SALI Fund Services
The acquisition is the latest by JTC following purchase of NES Financial in 2020 and Segue Partners earlier this year.
Apex gets green light on Sanne acquisition set to tip its AUA over $2trn mark
Private equity administrator’s shareholders voted in favour of acquisition by Apex Group.
Hong Kong-based Bea Union Investment selects Citi for mutual fund OFC restructure
Citi to provide custody and administration for BEA Union Investment, extending its existing relationship which dates back to 2013.
CACEIS extends range of services through FundGlobam partnership
New fund services will enable clients to expand their businesses both domestically and internationally.
Pandemic boosts hedge fund administration tech investment
Global Custodian’s 2021 Hedge Fund Administration Survey shows that service providers have successfully met the challenges posed by an initially trying operating environment.
PEF Services to provide fund administration services to RFE Investment Partners
Services will allow RFE to improve operational efficiency, reduce risk and improve focus of core capabilities.