The agreement will see Canada Life consolidate the investment assets for its UK and Canadian businesses onto a single fund accounting platform.
The win takes BNY Mellon’s global real estate fund platform to $130 billion of assets under administration, representing close to 80 funds.
Ultimus announced it would merge with Gemini in November after both companies entered into a deal to be acquired by private equity firm GTCR.
The deal adds a further $40 billion in assets under administration (AuA) to Apex’s portfolio, taking it to a total AuA to $650 billion globally.
iCapital will assume oversight of 115 Morgan Stanley feeder funds which invest in alternatives assets for the bank’s wealth management arm.
Services provided to the fund include fund administration, FX algorithmic trading and liquidity management solutions for Osmosis Investment Management.
Third deal of the year for Apex Group which adds mutual fund administration capabilities of Atlantic Fund Services to its growing list of acquisitions.
Fund administrator continues to make moves under the leadership of GC Legend Stephanie Miller.
The custodian selected Luxembourg as its post-Brexit destination in 2017, creating an EU-banking license as it looked to continue serving continental European funds.
The addition of Beacon Fund Services takes Apex's total assets under administration to $610 billion.