Fund services round-up: SS&C, U.S. Bank, Suntera Global and more…
This week’s fund services round-up features SS&C GlobeOp, U.S. Bank, Suntera Global, Euroclear and Apollo, Ultimus Fund Solutions, Yealand Fund Services, TMF Group, and Ogier Global.
Fund Administration
GIC takes minority stake in Citco in strategic tie-up
Partnership will see the Singapore-based sovereign wealth fund support Citco as it continues to scale its offering.
Northern Trust appointed by $150bn Partners Group to support launch of first private credit LTAF
Mandate covers fund administration, depositary and banking services for Partners Group’s debut UK long-term asset fund.
Ultimus Fund Solutions secures new backing from Stone Point
The deal will see Stone Point take joint control of the company with GTCR, with equal governance.
U.S. Bank names new lead for Investment Services division
Former Citco, Citi and BNY executive will head up newly merged global fund services and corporate trust teams.
SS&C opens new office in Saudi Arabia
The service provider has launched a new entity in Riyadh, Saudi Arabia, to deepen regulatory engagement and expand regional relationships.
HSBC appointed custodian for ZKB’s new ETF range
HSBC will provide custody, depositary, fund administration and transfer agency services for the ESG-focused funds.
BNP Paribas wins custody mandate from AU$3.7bn Medibank
The firm's securities services division will provide the health firm with custody, fund admin, performance reporting, cash management and foreign exchange solutions.
Northern Trust picks up asset servicing mandate for Alchemy’s latest fund
The fund exceeded its initial fundraising target, securing commitments of approximately €1 billion.
Apex Group opens new regional HQ in Saudi Arabia
Regional hub will bolster the firm’s presence in the fast-growing market, offering local market participants a range of fund services.