As back-office activities become increasingly commoditised, fund administrators are realising the front-office is the key to stay relevant and competitive.
Fund administration veteran Eiji Ihori took on the interim CEO role at MUFG Investor Services on 1 July, replacing Mark Porter who stepped into an advisory role.
RBC's James Daigle will retire in May 2018 after serving 30 years with the Canadian bank.
New private equity mandates in the US, Europe and Asia-Pacific helped offset negative flows in global macro and multi-strategy fund managers.
Citco’s new service will provide capital advisory services including subscription lines and project finance.