The decision to expand into the region comes as a result of Kazakhstan’s positioning in the New Silk Road investment corridor that links Asia and Europe
The companies say integrating NeoXam’s multi-markets solution aims to provide FB Fund Services with centralised bookkeeping monitored in real time, improved workflow automation, and integration to key data sources
Northern Trust will be providing custody, fund administration, foreign exchange and cash management services for its newly formed Variable Capital Company (VCC) fund
The companies say SS&C will provide fund accounting, middle office and transfer agency services for the funds for which Investment Fund Services (IFS) acts as ACD or AFM
The companies say the acquisition enhances the range of services JTC can offer to existing and new clients, serving to expand the group’s overall addressable market