Tag: fund services

Global Custodian’s 2019 Industry Person of the Year switches fund services for crypto software and data provider Lukka. 

Another M&A deal for growing fund administrator TMF Group as it takes its assets under administration to $150 billion.

Fundsmith awarded Northern Trust a mandate to provide services for two newly launched US funds, while also transferring its Luxembourg-based funds to the bank's custody platform.

The changes follows a decision by the bank to centralise all of its custody and fund services activities under one combined unit.

Intertrust Group has reshuffled its APAC leadership with the appointment of a new regional managing director and new head of its Hong Kong office.

TMF Group started the year with a string of appointments for its APAC fund services business in China and Singapore.

Overall securities services revenues dropped only marginally in 2020 compared with 2019, with fund services sector even producing record returns.

The former State Street and Maitland veteran will be responsible for connecting investment managers with its newly launched Luxembourg alternatives funds services business.

The hire is the second former State Street executive to join Citi’s securities services sales team after it a recruited new head of APAC sales this week.

The deal for the US alternatives fund administrator will add $140 billion in AuA and over 200 accounting experts to Alter Domus.