The partnership reflects the rise of ‘shadow’ fund administration, with an independent third-party providing oversight and validation of fund accounting.
SANNE’s Tokyo office will be operational from the start of 2019 and will initially focus on servicing existing real estate clients in the region.
CACEIS acts as the main custodian and administrator for many of the money market funds in the French market.
The agreement was announced in August last year, alongside news that Custom House’s chief executive officer, Mark Hedderman, had decided to step down.
Northern Trust completed the transition of bringing Citadel’s technology team, in-house, essentially giving it the right to develop their own software for hedge funds.
The deal will include State Street’s private equity and real estate (PERE) fund servicing units in the Channel Islands.
The asset manager will use CACEIS’s OLIS Performance tool to facilitate the management and provide data on their financial portfolios.
Within an overall negative outlook for Britain's fund management sector post-Brexit, State Street finds some optimism in its latest research.
Influx of assets originating from the US and Japan boost Jersey's value of regulated funds to record high.
BNY Mellon has integrated Bloomberg BSKT and introduced a global standard for transmitting orders via its electronic messaging service.