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˜ Apex Group has continued its run of acquisitions over the past nine months adding the fund services and third-party management company ( Manco ) business operations of Maitland International Holdings , along with Sanne and Mainstream Group . Apex also announced plans to acquire Darwin Depositary Services , the only independent AIFMD depositary in mainland Europe .
˜ HSBC and Mount Street Group have entered into a 10-year asset servicing agreement with Aviva Investors for its Real Assets business which manages £ 50 billion in assets . The two firms will assume all fund administration and debt servicing functions for Aviva Investors ’ Real Assets business . HSBC ’ s and Mount Street ’ s platforms will enable further automation across Aviva ’ s administrative processes , providing investors with access to digital workflow and reporting solutions .
˜ Fund administrator Ocorian has been granted three new licences by the Central Bank of Ireland , enabling the expansion of its product range in the country . The new licences will cover alternative investment fund management ( AIFM ) services , fund administration services and real asset depositary services .
˜ BNP Paribas has launched a digital capital introduction platform for institutional investors and hedge fund clients , serviced by the bank ’ s prime services business . Called ‘ Bridge by BNP Paribas ’, the platform aims to complement the bank ’ s capital introduction team and deepen its global investor relationships .
˜ xx ˜ SS & C Technologies Holdings has launched a new asset allocator platform powered by FundHub for institutional investors . Current clients are migrating onto the platform , along with new ones such as the University of Wyoming Foundation .
˜ Fund and corporate services provider ZEDRA has signed a sales and purchase agreement to acquire investment fund administrator Atlas Fund Services .
˜ Ultimus has announced a partnership with the fast-growing start-up FundGuard to offer an enhanced contingent NAV ( net asset value ) solution for investment manager clients , utilising FundGuard ’ s platform .
˜ Asset management service provider Waystone has agreed to acquire fund services specialist Centaur Group . The Irish headquartered administrator was founded in 2009 and provides services to over 120 different client groups who manage in excess of $ 200 billion .
˜ Northern Trust has been appointed by Chicago-based private investment firm 5th Century Partners ( 5CP ) to provide fund administration and related services .
˜ HSBC has unveiled the launch of an administration platform for asset owners and managers , offering digital workflow and reporting functionality .
˜ Fund administrator and corporate services provider Vistra has received regulatory approval to set up operations in India ’ s new Gujarat International Finance Tec-City ( GIFT City ) – a global financial and IT hub .
˜ The North American Fund Administration Association ( NAFAA ), founded by fund services veteran Chris Meader , has concluded its operations . Meader , who took on a role at Sudrania Fund Services in January 2021 ran the association for four years .
˜ Societe Generale Securities Services ( SGSS ) has been mandated by Amundi Ireland as servicer for two ICAV funds . As part of the agreement , SGSS will provide a full range of asset servicing solutions , covering depositary , fund administration and transfer agency services .
˜ State Street has continued to grow its alternatives services business in Australia with a mandate to administer Mercury Capital ’ s new A $ 1 billion private equity fund . Named twenty2 , the fund completed its fund raising earlier this year to launch as Mercury Capital ’ s fourth private equity fund since the firm ’ s inception . twenty2 will focus on mid-market private equity transactions in Australia and New Zealand , with the intention of making eight to 10 investments over its lifecycle .
˜ EquiLend has outlined plans to expand its Swaptimization platform into Europe this autumn under the leadership of ex-Credit Suisse prime brokerage veteran Matthew Zienau . Swaptimization utilises a matching algorithm to pair natural positions across market participants to facilitate bilateral security-based total return swaps ( TRS ).
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