The acquisition of the business marks Clearstream’s first venture into the Australian funds market, as it looks to grow its presence in the Asia-Pacific region.
Tag: fund services
Northern Trust supported the launch of the Smithson Investment Trust, the largest UK-listed investment trust to launch, in October last year.
Fund administrator steps into custody, middle-office and corporate services, along with management company services through flurry of new acquisitions.
Citi recently launched Advanced Citi ETF System (ACES), a new tech platform automating the entire ETF front-to-back office lifecycle.
New research from industry analytics provider Coalition showed revenues from global securities services providers collectively reached $37.2 billion in 2018.
JP Morgan has increased spending for the business’s technology by a third, and now has one of the highest operating margins than all of the global custodians.
Burns will be responsible for overseeing client service and setting the strategic direction for its investment manager clients in the region.
The Chicago-based custodian will provide custody and foreign exchange services to the Misaki Engagement Master Fund.
Brand will also work alongside the heads of Luxembourg and Ireland, as the US bank looks to evolve its European strategy.
The administrator completed the integration of Deutsche Bank’s Alternative Fund Services team earlier this year.