The creation of the new unit comes one month after Northern Trust closed its acquisition of the Omnium technology platform from Citadel.
The UK asset manager will consolidate its asset servicing relationships for its UK and Ireland fund ranges and use BNY Mellon as its sole outsourcing provider.
The deal is the latest in a string of acquisitions for SSG Group which has expanded in the investor services business over the past two years
SIX Group will use Nasdaq’s post-trade technology for pan-European equities and Nordic derivatives.
Crypto fund-only fund administrator launches with $700 million in cryptocurrency assets under administration from around the world.
Trident Trust and Theorem Fund Services have gone live on the crypto back-office platform, with Apex Fund Services and North Street Global among those onboarding clients.
The moves follow the recent appointment of James Nolan as group head of strategy and merger and acquisition.
Many custodians, fund administrators and market infrastructures are planning to expand their operations in the country to meet the growth of Irish-domiciled funds.
North American Fund Administration Association welcomes three new members from alternatives fund admin industry.
DWS will transfer its fund administration unit, which is predominantly based in Germany, to BNP Paribas.