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JTC outsources for blossoming fund admin


17 February 2014 The Channel Islands
Reporter: Georgina Lavers

Fund administrator JTC Group has chosen eFront to support the continuing expansion of its business portfolio...
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HSBC scores Cornwall pension fund mandate


13 February 2014 Cornwall
Reporter: Georgina Lavers

HSBC Global Asset Management has been chosen as one of two managers to collectively manage £60 million in active frontier market equities, on behalf of the £1.4 billion Cornwall Pension Fund and its members...
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Milestone signs Oppenheimer into NAV solution


13 February 2014 Boston
Reporter: Georgina Lavers

OppenheimerFunds has selected Milestone Group’s NAV oversight solution to automate in-house verification of outsourced fund processing functions...
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Citi reshuffles jobs to create investor services group


06 February 2014 London
Reporter: Georgina Lavers

Citi has integrated its services in a new platform, forming an “investor services group” that promises to address financing, execution, collateral management, custody and fund services...
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BNY Mellon picks up Aon Hewitt mandate


06 February 2014 London
Reporter: Georgina Lavers

BNY Mellon has scored a fund administration and securities lending mandate with Aon Hewitt on two of its Irish-domiciled fund ranges with assets of roughly £4 billion...
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Abu Dhabi licenses first administrator under new regs


05 February 2014 Abu Dhabi
Reporter: Georgina Lavers

The United Arab Emirates Securities and Commodities Authority (ESCA) in Abu Dhabi has granted Apex Fund Services a licence to provide fund administration services under the authority’s new regulations...
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Calastone builds on Asia foundation


05 February 2014 Singapore
Reporter: Georgina Lavers

Aviva, a life and health insurer in Singapore, and Navigator Investment Services, an Aviva-owned integrated investment portfolio administration service, have both chosen to use Calastone’s order routing services...
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J.P. Morgan picks BNP Paribas for novel French fund


21 January 2014 Luxembourg
Reporter: Georgina Lavers

After implementing the passport of its Luxembourg management company in France, J.P. Morgan Asset Management has chosen BNP Paribas Securities Services as depository bank and fund administrator for its first France-domiciled fund...
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China Construction Bank chooses Multifonds


20 January 2014 Beijing
Reporter: Georgina Lavers

China Construction Bank in Asia has become Multifond’s latest Asian client, choosing to implement the firm’s fund accounting, portfolio accounting and a transfer agency and investor servicing systems...
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Phoenix's UK business shows strength


14 January 2014 London
Reporter: Georgina Lavers

Phoenix Fund Services’ UK authorised funds business has grown more than 160 percent in 2013, with PFS in the UK now administering assets of £2.3 billion...