HSBC hires U.S. Bank executive as new head of global distribution for Luxembourg
Based in Luxembourg, she will report to Gayathri Chandramouli, global head of global distribution and transfer agency operations.
Based in Luxembourg, she will report to Gayathri Chandramouli, global head of global distribution and transfer agency operations.
The Milwaukee-based fund services firm will also provide fund accounting and tax reporting services, while UMB Bank will provide custody services.
The fund manager will use the SS&C GIDS platform for transfer agency services to its Ninety One Fund Managers UK business.
The asset manager will leverage SS&C’s flagship investor services platform to support the launch of two funds with €61 million of assets.
Citi will provide transfer agency for the asset manager's first Northbound fund under the Hong Kong-China Mutual Recognition of Funds (MRF) scheme.
Over the past year, the Cincinnati-based fund administrator has acquired over $100 billion in assets under administration from 12 fund manager clients.
The new Depotbank service will be led by Marco Wiegmann, who joined Northern Trust in September after 10 years spent with RBC I&TS.
BNY Mellon will deliver transfer agency services for two Invesco fund ranges which it already provides custody and fund administration services.
The new platform is the latest innovation from SS&C Technologies after it launched GIDS, its new-look transfer agency and investor services platform last year.
Through the mandate, Charles Schwab Investment Management will also be able to tap into BNY Mellon’s flagship data infrastructure OMNI.