2020 vision: Fund services trends to define the New Year
In the second part of our ‘what to look out for in 2020’, we ask industry experts’ for their input on fund services trends for the coming year.
Fund Administration
Mainstream Fund Services wins middle-office mandate from Redpoint
Fund administrator to offer middle-office services for $10 billion of assets managed by investment manager.
Corry Capital extends mandate with Northern Trust to US Funds
Northern Trust reaps rewards of bolstering its private capital team throughout 2019 with new deal from Corry Capital Advisors.
State Street reaches $3 trillion milestone for ETF fund admin business
State Street says it now administers nearly 70% of US ETF assets under management after a series of mandate wins.
German private bank Merck Finck joins Clearstream’s fund distribution network
Clearstream launched its fund distribution support service following the completion of its acquisition of the Swisscanto Fund Centre business.
Closet tracker funds clampdown forces buy-side to consider data implications
As closet tracker funds hit the Financial Conduct Authority’s radar, one expert says the issues raises data questions for asset owners and managers.
FCA turns attention to depositaries following Woodford blow-up
Depositary industry faces mounting speculation that it could face increased regulatory scrutiny as a result of the Woodford episode.
Citi extends fund accounting tech contract with Temenos
Citi’s securities services business has used the Multifonds platform for its fund administration technology for more than a decade.
Apex chief foresees bank exits from fund administration
With 2019 boasting the largest amount of M&A activity among fund administrators, the CEO of the most active of the purchasers sees the trend continuing into 2020.
Industry Leaders Awards 2019: One to Watch in Fund Administration nominees
Global Custodian takes a deep dive into the nominees for its Editors’ Choice awards at this year’s Industry Leaders Awards event. Our next category is One to Watch in Fund Administration.