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JTC Group acquires Ardel Fund Services in Guernsey
15 April 2013 Guernsey
Reporter: Georgina Lavers

Fund administrator JTC Group has acquired Ardel Fund Services (AFSL) in Guernsey to boost JTC’s numbers in the jurisdiction, and add specialist fund expertise both locally and for the group...

Northern Trust expands fund administration in Hong Kong
12 April 2013 Hong Kong
Reporter: Georgina Lavers

Northern Trust is expanding its fund administration and custody capabilities to support locally domiciled Hong Kong funds, including exchange-traded funds...

Hedge fund flows decline 1.22 percent
12 April 2013 London and New York
Reporter: Georgina Lavers

April will bring higher capital activity volume for hedge funds, with redemptions outpacing subscriptions, said SS&C GlobeOp....

BNY Mellon to provide custody for van Biema Value Partners
11 April 2013 New York
Reporter: Georgina Lavers

BNY Mellon has been selected to provide global custody, fund administration, foreign exchange and cash management services for a new fund of hedge fund strategy...

REGIS-TR is on the road to ESMA acceptance
11 April 2013 Luxembourg
Reporter: Georgina Lavers

REGIS-TR, the European Trade Repository owned by Clearstream and Iberclear, is confident that its application to act as a trade repository across all asset classes will be accepted by ESMA...

Silverfleet Capital backs £50 million Ipes buyout
10 April 2013 Guernsey
Reporter: Georgina Lavers

European private equity firm Silverfleet Capital is to buy fund administrator Ipes for £50 million from RJD Partners...

Citi hires Jervis Smith
10 April 2013 Hong Kong
Reporter: Georgina Lavers

Jervis Smith is Citi's new regional head of client sales management for the financial institutions (FI) segment in Asia Pacific for securities and fund services...

Maples Fund Services hires regional head of Americas
09 April 2013 Montreal
Reporter: Georgina Lavers

Maples Fund Services has hired Jason Brandt as regional head of fund services for the Americas, to lead the firm’s growing presence in the region...

Citi revamps collateral custody accounts
09 April 2013 New York
Reporter: Georgina Lavers

Citi has expanded its Citi OpenInvestor suite of investment services to include segregated collateral custody accounts. The new accounts are hoped to help clients better mitigate counterparty risk...

First Names Group adds one more to the pot
09 April 2013 Switzerland
Reporter: Georgina Lavers

First Names Group is to acquire the international trust business Basel Group, subject to regulatory approval...

PGGM appoints J.P. Morgan as third custodian
09 April 2013 Holland
Reporter: Georgina Lavers

Dutch asset manager PGGM has chosen J.P. Morgan as its third custodian...

Clearstream sees €11.5 trillion assets under custody
08 April 2013 Frankfurt
Reporter: Georgina Lavers

In March 2013, the value of assets under custody held on behalf of customers registered an increase of four percent to €11.5 trillion (compared to €11.1 trillion in March 2012)...