All fund services news

TMF Group takes over Custom House

17 February 2014 Malta
Reporter: Georgina Lavers

TMF Group has acquired 49 percent and become the sole owner of Custom House Global Fund Services. The transaction is subject to regulatory clearance, but is expected to be completed by June 2014...

JTC outsources for blossoming fund admin

17 February 2014 The Channel Islands
Reporter: Georgina Lavers

Fund administrator JTC Group has chosen eFront to support the continuing expansion of its business portfolio...

HSBC scores Cornwall pension fund mandate

13 February 2014 Cornwall
Reporter: Georgina Lavers

HSBC Global Asset Management has been chosen as one of two managers to collectively manage £60 million in active frontier market equities, on behalf of the £1.4 billion Cornwall Pension Fund and its members...

Milestone signs Oppenheimer into NAV solution

13 February 2014 Boston
Reporter: Georgina Lavers

OppenheimerFunds has selected Milestone Group’s NAV oversight solution to automate in-house verification of outsourced fund processing functions...

Ex-Goldman’s Jim O’Neill to speak at Guernsey forum

12 February 2014 Guernsey
Reporter: Georgina Lavers

Leading economist and creator of the ‘BRICs’ acronym Jim O’Neill will be the keynote speaker at this year’s Guernsey Funds Forum in London...

Citi reshuffles jobs to create investor services group

06 February 2014 London
Reporter: Georgina Lavers

Citi has integrated its services in a new platform, forming an “investor services group” that promises to address financing, execution, collateral management, custody and fund services...

BNY Mellon picks up Aon Hewitt mandate

06 February 2014 London
Reporter: Georgina Lavers

BNY Mellon has scored a fund administration and securities lending mandate with Aon Hewitt on two of its Irish-domiciled fund ranges with assets of roughly £4 billion...

Abu Dhabi licenses first administrator under new regs

05 February 2014 Abu Dhabi
Reporter: Georgina Lavers

The United Arab Emirates Securities and Commodities Authority (ESCA) in Abu Dhabi has granted Apex Fund Services a licence to provide fund administration services under the authority’s new regulations...

Calastone builds on Asia foundation

05 February 2014 Singapore
Reporter: Georgina Lavers

Aviva, a life and health insurer in Singapore, and Navigator Investment Services, an Aviva-owned integrated investment portfolio administration service, have both chosen to use Calastone’s order routing services...

J.P. Morgan picks BNP Paribas for novel French fund

21 January 2014 Luxembourg
Reporter: Georgina Lavers

After implementing the passport of its Luxembourg management company in France, J.P. Morgan Asset Management has chosen BNP Paribas Securities Services as depository bank and fund administrator for its first France-domiciled fund...

China Construction Bank chooses Multifonds

20 January 2014 Beijing
Reporter: Georgina Lavers

China Construction Bank in Asia has become Multifond’s latest Asian client, choosing to implement the firm’s fund accounting, portfolio accounting and a transfer agency and investor servicing systems...

Gemini Fund Services chooses reconciliation service

16 January 2014 New York
Reporter: Georgina Lavers

Gemini Fund Services is integrating the PROactive reconciliation solution from Broadridge Financial Solutions onto its platform...

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