New AI-powered asset servicing platform gains $12m in funding and big-name backing
FundGuard earns investment from former State Street, HSBC and JP Morgan executives bringing its capital raised to $16 million in total.
Fund Administration
State Street appointed fund administrator for €42 billion Italian private bank Fideuram
State Street’s Luxembourg branch will take on the activities previously carried out by its subsidiary Fideuram Bank Luxembourg, accounting for approximately €42 billion of assets.
Apex to provide ESG ratings and advisory to UK private equity fund
Investment into environmental, social and governance (ESG) unit wins Apex a UK private equity mandate ahead of incoming regulation.
Fund Administration
Fireside Friday with… SS&C Technologies’ Mike Hutner
The ability to own the technology stack within a front-to-back service offering has made the tech vendor giant a key partner for hedge funds, according to SS&C Eze general manager Mike Hutner.
Northern Trust partners with NQR to offer enhanced mutual fund distribution support
Agreement will significantly reduce the burden of intermediary oversight expectations for mutual fund managers, according to Northern Trust.
Apex Group closes acquisition of Mauritius-based fund services provider GFin
Second deal completion this week sees Apex add to its fund services business in Mauritius.
CIBC Mellon appointed fund administrator for world’s first Bitcoin ETF
The mandate for CIBC Mellon follows the recent announcement by its parent company, BNY Mellon, that it would set up a new Digital Assets unit.
Apex Group announces final close of FundRock acquisition
Deal completion takes Apex Group to $1 trillion in assets as the organisation gets set to finalise another acquisition this week.
INDOS Financial to be acquired by fund services specialist JTC
Depositary will become part of the JTC group which also consists of the recently acquired NES Financial.
Citi to provide securities services to CSOP Asset Management’s first OFC ETF
The mandate extends Citi’s comprehensive ETF servicing mandate with CSOP Asset Management in the Asia-Pacific region.