UK fund investors move £62 billion offshore for Brexit prep
Global custodians and fund administrators have bolstered their teams in Ireland and Luxembourg in anticipation of these new flows.
Tag: Luxembourg
HSBC hires transfer agency veteran for Luxembourg business
Steven Caluwaerts joins from Citi where he was most recently European head of transfer agency product.
BNP Paribas Securities Services reorganises North Europe role
Robert van Kerkhoff has assumed responsibility for driving the bank's growth across the Luxembourg, Netherlands and Nordics markets.
Northern Trust makes Brexit play by establishing Luxembourg bank
The custodian selected Luxembourg as its post-Brexit destination in 2017, creating an EU-banking license as it looked to continue serving continental European funds.
Hong Kong and Luxembourg regulators sign funds recognition agreement
The MoU is the latest agreement for the Hong Kong market as it looks to become a leading cross-border fund hub for international investors.
RBC I&TS appointed administrator for Japan’s AMOAI
The mandate will cover AMOAI’s first global Luxembourg-domiciled infrastructure debt vehicle, Cosmic Blue PF Lotus FCP.
SimCorp expands custody and fund admin offering to Luxembourg
The new business builds on agreements it signed with KAS Bank and Societe Generale Securities Services to use SimCorp Dimension for their custody services.
SS&C GlobeOp appoints new country head for Luxembourg
Haggart previously served as head of fund accounting, and prior to joining SS&C in March 2017 he spent almost nine years at EY in Luxembourg.
Ipes secures approval in Ireland and Luxembourg
The regulatory approvals come ahead of Apex Fund Services planned acquisition of Ipes, expected to close at the end of the third quarter.
Ireland expected to overtake UK and US as favoured fund domicile
Many custodians, fund administrators and market infrastructures are planning to expand their operations in the country to meet the growth of Irish-domiciled funds.