Marlborough, a U.K. investment management and fund solutions group, has selected SS&C Technologies to provide fund accounting, middle-office, and transfer agency services. “SS&C has signed a long-term agreement with Investment Fund Services Ltd. (IFS), which is Marlborough’s authorized corporate director (ACD) and authorized fund manager (AFM) business,” according to the announcement. The agreement specifies that… Read More >>
German Firm Taps BNP Paribas Securities Services
German asset manager Flossbach von Storch wants to expand beyond its domestic market and will be using the global custody, fund accounting, and transfer agency support offered by BNP Paribas Securities Services (BNPSS) for its UCITS funds in Germany and Luxembourg, officials say. An official at Flossbach von Storch tells FTF News that BNPSS will… Read More >>
SS&C Grows Fund Administration Business in India
SS&C Technologies officials report that they have opened an office in the Indian special economic zone Gujarat International Finance Tec-City (GIFT City), which adds to the post-trade systems and services provider’s presence in India. The International Financial Services Centers Authority (IFSCA), which is the regulatory body for special economic zones, has licensed SS&C GlobeOp “to… Read More >>
Temenos Applies Artificial Intelligence to Fund Accounting
Software vendor Temenos is applying artificial intelligence (A.I.) technologies to fund accounting in an effort to help its fund administration clients identify false-positive exceptions faster, which can help them reduce the number of manual interventions they need to do as part of the exception management process. To help firms better identify false positives, Temenos has… Read More >>
Northern Trust Launches Another Umbrella Trust
Northern Trust has launched an umbrella trust, dubbed the Datum One Series Trust, that it will offer to asset managers that would prefer to focus on distribution and investment goals, and let the custodian manage the infrastructure and back-office services. The new offering will include operational infrastructure support services via an integrated model, says Barbara… Read More >>
GuideStone Expands Relationship with Northern Trust
A longtime global custody client of Northern Trust, GuideStone Funds, a mutual fund complex with more than $11 billion in assets under management (AUM), is expanding its relationship with Northern to include fund accounting and fund administration services. The fund servicing mandate will encompass the GuideStone Funds family, including 26 registered mutual funds with $11.6… Read More >>
Acadian Signs On for SS&C GlobeOp
Citing the need for a growth strategy, Acadian Asset Management moved its long/short portfolios to fund administrator SS&C GlobeOp last year and has been using the platform’s systems for margin finance management, cash and collateral management, and tri-party reconciliation, according to officials at the firm and at SS&C Technologies. “The appointment followed a detailed search… Read More >>
BlackRock Signs Trillion-Dollar Custody Deal with JPMorgan
BlackRock will be using JPMorgan’s Corporate & Investment Bank unit for custodial services, fund accounting, and fund administration for more than $1 trillion of client assets, shifting them from State Street Bank and Trust Co. The move, expected to take two years to complete, is widely seen as a major win for JPMorgan. But it… Read More >>
Daman Investments Deploys SS&C’s APX
Daman Investments PSC, a Dubai-based financial services firm, has deployed the portfolio management system Advent Portfolio Exchange (APX) from SS&C Technologies to streamline operations, and bolster data management and reporting capabilities, according to officials at Daman and SS&C. A private joint stock company launched in 1998, Daman has become a non-bank financial services company known… Read More >>
Desjardins Group to Ride Eagle’s Cloud
Desjardins Group, a major Canadian cooperative financial group, has decided to move to a new investment fund accounting platform hosted on private cloud that will help the firm with new instrument types and workflows all in a bid to improve the efficiency of Desjardins’ fund accounting department. The platform and cloud support will be from… Read More >>
