FundGuard earns investment from former State Street, HSBC and JP Morgan executives bringing its capital raised to $16 million in total.
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.
Investment into environmental, social and governance (ESG) unit wins Apex a UK private equity mandate ahead of incoming regulation.
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.
Agreement will significantly reduce the burden of intermediary oversight expectations for mutual fund managers, according to Northern Trust.
Second deal completion this week sees Apex add to its fund services business in Mauritius.
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.
Deal completion takes Apex Group to $1 trillion in assets as the organisation gets set to finalise another acquisition this week.
Depositary will become part of the JTC group which also consists of the recently acquired NES Financial.
The mandate extends Citi’s comprehensive ETF servicing mandate with CSOP Asset Management in the Asia-Pacific region.