There is still a significant impact on investment returns for retail investors due to costs that are on average 40% higher than for institutional investors, Europe’s financial watchdog says.
Norwegian-based Storebrand Asset Management has selected Northern Trust as its asset servicing provider to its alternative investment funds and Ucits funds domiciled in Luxembourg.
BNY Mellon has hired a former senior product manager from a rival custody bank to work in a newly created relationship management role.
Ronan Doyle has become the new global head of product management for transfer agency at RBC Investor & Treasury Services and will be located in Dublin.
RBC Investor & Treasury Services (RBC I&TS) has been installed by Nordea Markets to provide custody for the IndexGo range of exchange-traded funds (ETFs) listed in Stockholm.
Fund administrators and transfer agents (TAs) are failing to adequately support asset managers in gaining greater operational efficiencies, research indicates.
Tech disruption is playing out in the fund subscription process – known as transfer agency – more than anywhere else in the funds industry. Nicholas Pratt speaks to the latest disruptor, and to transfer agents.
Target Group, which operates a fintech platform that supports business process outsourcing, says it has the “scale and expertise” to disrupt the market in UK transfer agency (TA) services, which is dominated by a small number of long-term incumbent firms.
An expert panel of asset servicers talk about how they are adapting to the digital challenge, and the effect of rising interest rates on their industry.
A Paris-based asset manager has completed a blockchain trial to process fund subscriptions and redemptions without the need for a transfer agent.
