JP Morgan completes transition of Danske’s $90bn Nordic funds
Global custody and fund administration mandate will be complemented with additional fixed income prime brokerage services for Danske’s alternative funds.
Global custody and fund administration mandate will be complemented with additional fixed income prime brokerage services for Danske’s alternative funds.
Former Citadel COO becomes head, cash and liquidity management at hedge fund.
The rise of outsourced trading has reached both audiences of Global Custodian and its sister publication The TRADE in recent years, and with an upward curve forecast in the coming years, it made sense for the two publications to unite in launching this dedicated handbook and survey.
Back in June, TD Bank Group and Cowen had announced that the prime brokerage and outsourced trading businesses were parting ways just months after the deal was completed, seeking a more ‘strategically and geographically aligned’ partner.
This year’s survey awards categories include Prime Brokerage, Hedge Fund, Private Equity and Exchange-Traded Fund Administration honours, along with an inaugural set of awards for Outsourced Trading and North American Sub-Custody.
A three-year review of fund administration survey results confirms consistent highs and lows.
The Swiss Financial Market Supervisory Authority (FINMA) has also opened enforcement proceedings against an undisclosed former manager at Credit Suisse.
This week’s fund services round-up features SS&C, Ultimus, Citco, Apex Group, IQ-EQ, Gen II Fund Services, Juniper Square and Clear Street.
Former Deutsche Bank executive leaves BNP Paribas after being integrated with the business following acquisition.
The pair have communicated to clients that it would be in the best interest for the businesses to find a more ‘strategically and geographically aligned’ partner; TD acquired Cowen in March for $1.3 billion.