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Magnetar Capital chooses Northern Trust for fund administration
20 May 2019 Chicago
Reporter: Jenna Lomax

Northern Trust Hedge Fund Services has been selected by Magnetar Capital to provide its middle and back office fund administration services and regulatory reporting

Koine acquires Recruitable
20 May 2019 London
Reporter: Jenna Lomax

Koine, a new financial institution for custody and settlement of digital assets, has acquired Recruitable

Fenergo and Refinitiv join forces to accelerate client onboarding
17 May 2019 London
Reporter: Jenna Lomax

Fenergo has partnered with Refinitiv to streamline know-your-customer verification and anti-money laundering screening

Maples Group appoints new director of business development
17 May 2019 London
Reporter: Jenna Lomax

The Maples Group has appointed Edwin Parker as director of business development for its fund services business in Europe

KAS Bank enhances benchmarking reporting for UK pensions
17 May 2019 London
Reporter: Jenna Lomax

KAS BANK’s cost transparency solution is to offer UK defined benefit and defined contribution funds and their trustees the ability to benchmark costs relative to other pension schemes

FundRock opens new branch in Singapore
17 May 2019 Singapore
Reporter: Jenna Lomax

FundRock has opened a new branch in Singapore that is to be headed by Timothy Walkley, managing director of Asia markets

Clearstream enters Australian market
17 May 2019 Frankfurt
Reporter: Jenna Lomax

Clearstream is to acquire Ausmaq Limited, a Sydney-based specialist managed funds services business owned by National Australia Bank Limited

Alexander Forbes to end current operations in Uganda
16 May 2019 Kampala
Reporter: Jenna Lomax

Alexander Forbes Group Holdings is to exit its current operations in Uganda

Northern Trust selected by Smithson for asset servicing solutions
16 May 2019 London
Reporter: Jenna Lomax

Fundsmith has selected Northern Trust to provide fund administration, depositary and global custody services for the Smithson Investment Trust

Clearstream launches new fund distribution support services
16 May 2019 Frankfurt
Reporter: Jenna Lomax

Clearstream is to expand its investment funds service offering by merging Vestima funds processing services with distribution support services, under the umbrella of its Clearstream Fund Desk

PwC predicts more fund administrators will enter the crypto space
16 May 2019 London
Reporter: Jenna Lomax

As the cryptocurrency market has matured, more fund administrators are becoming more open to servicing crypto assets and could begin working more with clients in the near future, according to a new report by PwC

State Street appoints new head of UK trustee and depositary services
15 May 2019 London
Reporter: Jenna Lomax

State Street has appointed Mark Westwell as head of its UK trustee and depositary business