asset servicing

Why the funds industry is so bad at creating a utility

Nick Fitzpatrick -

A central utility to help standardise operations and speed up data processing in cross-border European funds has largely alluded the industry for many years....

Alter Domus sells majority stake to PE firm

Nik Pratt -

Private equity (PE) firm Cinven has acquired a majority stake in specialist fund administrator Alter Domus in one of the largest PE transactions so...

FundsTech conference to take place in April

Nik Pratt -

FundsTech is set to hold its first ever all-day conference next month. The event will take place in London on April 25 and will feature...

FCA warns custodians over AML failings

Nik Pratt -

The UK’s financial watchdog has written to custodians to admonish them over anti-money laundering (AML) shortcomings. The Financial Conduct Authority (FCA) contacted custody providers, along...

Border To Coast reappoints Northern Trust as asset servicing provider

Piyasi Mitra -

UK Local Government Pension Scheme (LGPS) pool Border To Coast Pensions Partnership Limited has reappointed Northern Trust to provide asset servicing solutions. Services provided by...

BNP Paribas Securities Services to support real estate strategy

Piyasi Mitra -

Chenavari Asset Management has selected BNP Paribas’ Securities Services for private capital services following the first closing of its Real Estate Debt Decarbonisation Strategy. BNP...

Steps fund houses can take to prepare for US T+1

Nick Fitzpatrick -

T+1 settlement in the US is approaching. Val Wotton of market infrastructure provider DTCC argues says there are seven steps that firms should take...

Northern Trust names Luxembourg head

Nick Fitzpatrick -

Asset servicer Northern Trust has appointed Olivier Noël as its country head for Luxembourg and head of its Luxembourg-based asset servicing business. In addition he...

Euroclear wins Luxembourg funds mandate

Nick Fitzpatrick -

Luxembourg-based savings bank Banque et Caisse d’Epargne de l’Etat Luxembourg (Spuerkeess) is set to move most of its funds portfolio to Euroclear’s funds platform...

State Street wins private markets fund admin mandate

Nick Fitzpatrick -

Global asset servicer State Street has been selected to provide fund administration services for the private markets products of UK pension fund LGPS Central. LGPS...

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