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Butterfield Fulcrum sold
09 February 2011 Bermuda
Reporter: Ben Wilkie

Fund Administrator Butterfield Fulcrum has been sold to a consortium comprising private equity firm BV Partners and industry veterans Glenn Henderson and Tim Calveley...

Phoenix appoints head of fund accounting
09 February 2011 London
Reporter: Justin Lawson

Phoenix Fund Services has announced the appointment of Rob Leedham as Head of UK Fund Accounting. In this new senior role Rob will head up both the UK Open Ended Fund and the Investment Trust Fund Accounting Teams.

Citi grabs Saxo mandate
08 February 2011 Copenhagen
Reporter: Ben Wilkie

Citi Global Transaction Services has been awarded a new mandate by the online trading and investment specialist Saxo Bank Group to provide global custody services for cash equities and fixed income instruments...

SEI picked by 36 South
08 February 2011 Oaks
Reporter: Ben Wilkie

SEI has been selected by absolute return manager 36 South Capital Advisors LLP to provide full-service operational outsourcing for the firm’s recently re-domiciled volatility funds...

Butterfield denies sale reports
08 February 2011 Bermuda
Reporter: Ben Wilkie

The CEO of fund administrator Butterfield Fulcrum has denied reports the firm is about to be sold to the Carlyle Group...

Confluence shuffles at the top
08 February 2011 Pittsburgh
Reporter: Steven Lafferty

Confluence, has announced two strategic leadership promotions effective immediately. Kirk Botula has been promoted to President and COO, and Confluence Founder Mark Evans is assuming the role of Chairman and CEO.

VITEOS announces significant growth
08 February 2011 New York
Reporter: Steven Lafferty

VITEOS, has announced significant growth in assets under administration for the year ended Dec 31, 2010. VITEOS’ assets under administration have increased by $4.8 billion for the year ending Dec 31, 2010, representing a 117% increase over 2009

Northern Trust enhance Nordic offering
07 February 2011 Stockholm
Reporter: Justin Lawson

Northern Trust (Nasdaq: NTRS), has received approval from the Finansinspektionen (the Swedish Financial Supervisory Authority) and the UK Financial Services Authority to offer asset management products and services to investors across the Nordic regi

Northern Trust expands in The Netherlands
04 February 2011 Amsterdam
Reporter: Justin Lawson

Northern Trust will offer asset management solutions to institutional clients across Benelux (Belgium, The Netherlands and Luxembourg) from its Amsterdam office, following regulatory approval from the Dutch Autoriteit Financiële Markten and the FSA

J.P. Morgan to service new Africa fund
03 February 2011 London
Reporter: Ben Wilkie

J.P. Morgan will provide fund administration and custody services to a new closed-ended fund launched by the Duet Group and Standard Bank...

Deutsche Bank and Traxis launch UCITS fund
03 February 2011 London
Reporter: Justin Lawson

Deutsche Bank and Traxis Partners ("Traxis") have announced the launch of a UCITS compliant version of the Traxis Global Equity Macro fund.

State Street announces appointments
03 February 2011 Boston
Reporter: Justin Lawson

State Street Global Markets, the investment research, trading and securities lending arm of State Street Corporation, has announced several transition management appointments to its global Portfolio Solutions Group.