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Guggenheim Investments selects Milestone for NAVs
14 May 2012 Boston
Reporter: Georgina Lavers

Guggenheim Investments has selected Milestone Group’s pControl platform to automate the management and control of its NAV production and validation processes...

Burgundy launches competitive clearing
14 May 2012 Stockholm
Reporter: Mark Dugdale

Nordic securities exchange Burgundy has launched a competitive clearing service that allows customers to choose between European clearinghouses the European Multilateral Clearing (EMCF) and SIX x-clear...

Fund admin and custody mandate for Irish Citibank
14 May 2012 Ireland
Reporter: Georgina Lavers

Citibank Ireland will provide administrative and custodial services to two UCITS IV funds launched by Cheyne Capital Management. The Cheyne Global Credit Fund is a UCITS IV compliant fund offering weekly liquidity...

David Polen returns to Fidessa
14 May 2012 New York
Reporter: Georgina Lavers

Fidessa, financial information solutions provider, will see David Polen as head of business development in their US office. Polen is to be responsible for Fidessa’s strategic development efforts in the US, and reports to Mark Ames, CEO of Fidessa's

UBS fund administration lured to Big Apple
11 May 2012 London
Reporter: Georgina Lavers

It has been reported that the hedge fund administration sector of UBS is launching its first US location in New York, due to demand from clients for a local administrative presence...

New compliance director for AltResources
11 May 2012 New York
Reporter: Georgina Lavers

AltResources, a provider of fund administration services for private equity funds, has recruited Joseph Daly as its compliance director...

New country head of Northern Trust Luxembourg
11 May 2012 Luxembourg
Reporter: Georgina Lavers

Northern Trust has appointed Steve David as country head in Luxembourg. Reporting to Toby Glaysher, head of Northern Trust's Global Fund Services activities in EMEA...

Netik launches vMobile for secure data delivery
11 May 2012 London
Reporter: Georgina Lavers

Netik, a provider of financial data creation, management and distribution services, has released its vMobile technology on Apple and Android devices...

A ray of sunshine for NAB Asset Servicing
11 May 2012 Australia
Reporter: Georgina Lavers

After losing two custody mandates in recent months; QSuper to State Street in early March, and AvSuper to BNP Paribas in April, NAB have struck gold in a mandate by JCP Investment Partners to provide custody and investment administration services...

Spring migration for Gottex fund solution
11 May 2012 London
Reporter: Georgina Lavers

Gottex Fund Management Holding migrated its Point Nine technology solution off the ‘Cloud’ to in-house servers for its $500 million private equity-style real asset platform...

Two more for SunGard
11 May 2012 London
Reporter: Georgina Lavers

Fred Naddaff and Mike Rogalski have joined SunGard as managing director of strategic business development and chief operating officer of trust and retirement services respectively...

Markit continues expansion with Cadis purchase
11 May 2012 London and New York
Reporter: Mark Dugdale

Financial information services company Markit has agreed to purchase Cadis, an enterprise data management provider. The deal follows Markit’s acquisition of securities lending data provider Data Explorers in April...