JP Morgan’s Irish fund admin business fined for outsourcing breaches
The fine by the Central Bank of Ireland represented its first against a fund administration firm in relation to outsourcing failures.
The fine by the Central Bank of Ireland represented its first against a fund administration firm in relation to outsourcing failures.
Northern Trust will provide fund administration, fund accounting, transfer agency and global custody to the Crossmark mutual funds.
Intertrust sees the acquisition as furthering its strategy of becoming a global leader in tech-enabled corporate and fund solutions.
Fund administrator that won a Global Custodian award for private equity client service in 2018 adds to European sales team.
Recently acquired London-based funds platform will come under newly branded Clearstream Fund Desk.
The UK-based FinTech gains big-name backing for its blockchain-based fund administration platform.
Fund administrator steps into custody, middle-office and corporate services, along with management company services through flurry of new acquisitions.
The combination with Santander expands CACEIS' reach to Spain and Latin America, giving the combined unit €5.1 trillion in AuC/A.
The changes include a new global head of asset servicing for custody operations and a new global head of fund administration operations.
Intertrust has grown its business in Ireland, opening a fund administration business a plans to recruit 60 new staff for its Dublin-based business.