SS&C to acquire South Africa’s Curo Fund Services
Deal adds over $170.4 billion in administered assets and 300 staff in Cape Town, pending regulatory approval.
Fund Administration
Fund services round-up: TMF Group, Ultimus, Ocorian, SS&C and more
This week’s fund services round-up features TMF Group, Ultimus, Ocorian, SS&C, Alter Domus and Apex Group.
Fund administrator Alchelyst to merge with private markets specialist Lyra
Alchelyst founder and GC Legend, Joan Kehoe, to lead new platform aimed at servicing private markets.
Northern Trust wins mandate from UK private markets fund manager
Custodian to provide asset servicing solutions for specialist infrastructure, real estate and private credit investor with more than $3 billion in assets.
Apex Group unveils DLT-backed digital infrastructure
Fund administration giant seeks to bring together issuers, investors, aggregators and distributors on a single-source platform.
IQ-EQ broadens APAC footprint through acquisition of Gordian Capital
Gordian currently holds approximately $17 billion of assets under management; institutional investors make up the majority of the firm’s client base.
HSBC agrees sale of fund administration business in Germany
Latest sale of European business unit, with €430 billion in assets under administration, marks a continuation of the custodian’s simplification strategy.
State Street wins fund servicing and transfer agency mandate from COtwo Advisors
Asset servicer to support the first US-listed physical carbon allowance ETP with a full suite of exchange traded fund (ETF) solutions.
NatWest Trustee and Depositary Services invests in AI to enhance fund governance
Depositary applies AI to alternative funds cash flow monitoring, fund prospectus reading and interpretation, and semi-automation of source-to-target data mapping.
HSBC to provide suite of services to Premia BOCHK’s Saudi ETF
Custodian will provide front-to-back servicing capabilities for the new fund and an on-the-ground presence in the Middle East and Asia.