Mirae Asset Global Investments has selected Citi Australia to provide its custody and fund administration services for its Australian traditional fund business
Connecticut State Treasurer Shawn Wooden has selected State Street Bank & Trust to provide custody services and accounting administration for the Connecticut Retirement Plan and Trust Funds and the internally managed funds
Indea Capital Partners has appointed BNP Paribas Securities Services to provide custody services to its sub-fund set-up under Singapore’s new Variable Capital Company (VCC) structure
Headquartered in London, Brompton specialises in managing multi-asset portfolios on behalf of financial intermediary partners, charities, mutual fund investors and private clients as well as offering direct real estate investment services
28 October 2021Australia Reporter: Rebecca Delaney
BNP Paribas Securities Services has partnered with Northcape Capital to launch an automated FX solution to provide the latter with a new system for asset managers to manage FX transactions with multiple financial services providers
18th October 2021Netherlands Reporter: Jenna Lomax
As part of the agreement, BNP will also provide Kempen Capital Management with custody depositary bank, fund accounting, regulatory reporting, collateral management and foreign exchange services
Citi has been appointed by BEA Union Investment Management as fund custodian and administrator for its first mutual fund restructure comprising five funds into an open-ended fund company structure
The lack of firm-wide visibility into brokerage, custodian, exchange and clearing expenses is the result of under-investment in post-trade processes, a recent report by Meritsoft has concluded, after the group conducted an industry wide survey
Under the new mandate, J.P. Morgan will provide custody and depositary services for $70 billion worth of funds, including equity, fixed income and alternative investments, which number over 140 funds
