Fund services round-up: Apex, Citco, Ultimus, and more
This week’s fund services round-up features: Apex, Citco, Centralis, Yealand Fund Services, The Maples Group, and Ultimus Fund Solutions.
This week’s fund services round-up features: Apex, Citco, Centralis, Yealand Fund Services, The Maples Group, and Ultimus Fund Solutions.
The letter lists challenges and opportunities found during the first year of application which include innovative solutions for cash settlement, custody through self-hosted wallets, interoperability and more.
Two key market players are set to support the service from its launch, anticipated in Q3 2024, adding to the likes of BNY Mellon, Citi and JP Morgan who are already behind the initiative.
Another client win for Citi comes from NAB Asset Servicing’s exit in the Australian custody market.
Initially launched to support securities markets in EMEA, DTCC aims to expand access of the new functionally to other markets in the future.
The notable rise in both value and volume settlement efficiency rates throughout 2023 indicted that the penalties outlined in the Central Securities Depositories Regulation (CSDR) are proving effective.
The custodian will provide a full suite of administration, fund accounting and ETF services as part of the mandate.
Incoming hire will report to Olivier Noël, country head of Luxembourg and CEO for NTGS.
This week’s securities finance round-up features Broadridge, BNY Mellon, ISLA, Matrix Applications, Supernova Technology, RBC Investor Services and BBH.
The new offering aims to empower European issuers with complete visibility into voter participation and preferences, days before AGM sessions.