Ping An expands outsourcing mandate with State Street for new private equity funds
The deal expands State Street’s current mandate with PAOH as the custodian and fund administration of the Ping An Global Infrastructure funds.
The deal expands State Street’s current mandate with PAOH as the custodian and fund administration of the Ping An Global Infrastructure funds.
GC understands Deutsche Bank has devoted a significant amount of investment to build up its local fund custody platform in China.
Citi and HSBC were the two custodian banks that facilitated the completion of the securities lending transactions in the China A-shares market.
The appointment is the latest in a string of hires by TMF Group as it looks to bolster its global fund administration capabilities with seasoned experts.
HSBC has recently been named the securities services provider for several new landmark ETF launches across APAC.
The mandate comes as Luxembourg aims to become the gateway for Chinese asset managers to launch locally domiciled funds.
The license also makes Citi the first among the top five global custodians to win approval to set up shop in China.
One of Global Custodian’s 30 to Shape the Future among new hires as State Street bolsters its APAC leadership team.
BOCOM Trustee has selected SS&C's flagship Geneva platform to support its fund administration technology.
The business will be structured around two newly created divisions, with the aim to broaden its fund administration solutions offering to German clients.