The acquisition will provide FIS access to a range of new front-to-back office services for credit-focused alternatives fund managers.
FIS would provide Victory Capital a 24/7, real-time mutual fund processing and recordkeeping platform, as well as transfer agency services.
TMF Group recently closed its acquisition of State Street's Channel Islands private equity and real estate fund administration business.
As fund administrators win new mandates that cover multiple jurisdictions and asset classes, they will have to build up new risk management reporting tools.
BNP Paribas has made a number of appointments to strengthen its institutional investors sales team for UKMESA over the last 12 months.
Global Custodian takes a deep dive into the nominees for its Editors’ Choice awards at this year’s Leaders in Custody event. Our final category is Best Securities Services Technology Provider.
Torstone grew by over 50% year-on-year, which fuelled the hiring of over 50% more staff in Europe.
BNP Paribas will use the FIS solution to increase its visibility around initial margin on its cleared derivatives transactions.
DTCC adds FIS Global, SimCorp, Broadridge, Murex and RegTek.Solutions as partners to its Global Trade Repository for SFTR reporting requirements.