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New mandate strengthens Citi’s ties with Aegon


20 December 2018 London
Reporter: Rebecca Delaney

Citi has been appointed by Kames Capital UK Funds, a branch of Aegon Asset Management, to provide depositary services, representing £7 billion in assets
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Northern Trust launches Rec dashboard


20 December 2018 Chicago
Reporter: Maddie Saghir

Northern Trust Hedge Fund Service has launched a Reconciliations Dashboard, a reporting tool that aims to improve efficiency in account reconciliation
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Citi reshuffles its prime brokerage business


19 December 2018 New York
Reporter: Maddie Saghir

Citi has reshuffled its prime brokerage business and will move its foreign exchange prime brokerage business under the same umbrella as its prime finance and securities services business
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TMF Group acquires State Street’s PERE


19 December 2018 London
Reporter: Maddie Saghir

TMF Group has acquired State Street’s Private Equity and Real Estate fund servicing business in the Chanel Islands
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FundRock appoints new CEO


18 December 2018 Luxembourg
Reporter: Jenna Lomax

FundRock has appointed Xavier Parain as CEO, effective from 7 January 2019
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BNY Mellon to pay $54 million to settle charges for ADRs


18 December 2018 Washington DC
Reporter: Jenna Lomax

BNY Mellon will pay more than $54 million to settle charges of improper handling of 'pre-released' American depositary receipts, the Securities and Exchange Commission has revealed
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EFAMA: worldwide investment fund assets increases


18 December 2018 Brussels
Reporter: Jenna Lomax

Investment fund assets worldwide increased by 2.1 percent to €47 trillion at end Q3 2018, according to The European Fund and Asset Management Association
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ICBC Asia goes live on SS&C’s Geneva World Investor


18 December 2018 Connecticut
Reporter: Jenna Lomax

ICBC (Asia) Trustee, a subsidiary of Industrial and Commercial Bank of China (ICBC Asia), is now live on SS&C’s Geneva World Investor as their fund administration solution