Apex Group unveils DLT-backed digital infrastructure
Fund administration giant seeks to bring together issuers, investors, aggregators and distributors on a single-source platform.
Fund Administration
IQ-EQ broadens APAC footprint through acquisition of Gordian Capital
Gordian currently holds approximately $17 billion of assets under management; institutional investors make up the majority of the firm’s client base.
HSBC agrees sale of fund administration business in Germany
Latest sale of European business unit, with €430 billion in assets under administration, marks a continuation of the custodian’s simplification strategy.
State Street wins fund servicing and transfer agency mandate from COtwo Advisors
Asset servicer to support the first US-listed physical carbon allowance ETP with a full suite of exchange traded fund (ETF) solutions.
NatWest Trustee and Depositary Services invests in AI to enhance fund governance
Depositary applies AI to alternative funds cash flow monitoring, fund prospectus reading and interpretation, and semi-automation of source-to-target data mapping.
HSBC to provide suite of services to Premia BOCHK’s Saudi ETF
Custodian will provide front-to-back servicing capabilities for the new fund and an on-the-ground presence in the Middle East and Asia.
Fund services round-up: Apex Group, IQ-EQ, Citco, Ultimus and more…
This week’s fund services round-up features Apex Group, IQ-EQ, Citco, Ultimus, Suntera Global, Imperium Group and Langham Hall.
Ultimus mandated by ProShares for administration of 116 mutual funds
Under the mandate, Ultimus will provide full-service support including fund accounting, tax, and regulatory services across ProShares’ mutual fund complex.
BNP Paribas completes integration of HSBC hedge fund admin business
Client and staff migration follows 2023 agreement to absorb hedge fund servicing unit.
U.S. Bank taps Fenergo for investor onboarding overhaul
The partnership aims to digitise and streamline onboarding as part of wider client lifecycle transformation.