MFEX recruits BNP Paribas' former FinTech expert who led many of their start-up collaborations in the funds distribution space.
Securities services provider adds new lead for rapidly-growing private markets segment.
New launch in Luxembourg aimed at adding to single-source offering including depositary, custody, FX and bank accounts.
The investment from the four firms will help strengthen the FundsDLT platform and accelerate its commercial development.
HSBC has targeted Luxembourg as a key growth market for its securities services business.
Luxembourg has emerged as an attractive destination for Asian asset managers that seek new fund channels for their products.
Fast-growing fund administrator poaches Citi’s investor services head in Luxembourg.
It is the first major mandate for the new Luxembourg-based division of Apex after it completed the integration of the Warburg business in February.
Clearstream expects the closure of the business will take place over a 18-month period.
The 29 transfer agents from Ireland and Luxembourg that participated in the survey processed a combined total volume of orders of 39 million last year.