All industry news

US direct lending market to grow, according to Ocorian research

11 November 2022 United Kingdom
Reporter: Lucy Carter

59 per cent of capital markets executives expect growth in the US direct lending market over the next 18 months, according to recent research by service provider Ocorian. Only 1 per cent expect loan volumes to remain stagnant

Universal Investment Group completes acquisition of EFA

09 November 2022 Luxembourg
Reporter: Lyndsey Young

Universal Investment Group has completed the acquisition of Luxembourg-based financial services provider European Fund Administration S.A in an effort to expand its business activities in the Nordics and France

AST celebrates best in business with former Royal Marine Major Scotty Mills

08 November 2022 UK
Reporter: Jenna Lomax

Scotty Mills, former Major Royal Marine and global keynote speaker (pictured), presented the awards and delivered a thought-provoking keynote speech

ABN AMRO Investment Solutions picks BNP Paribas to provide middle-office services

08 November 2022 France
Reporter: Jenna Lomax

The services will be connected with ABN AMRO Investment Solutions via BlackRock Aladdin, ABN AMRO Investment Solutions’ chosen platform to unify its investment management processes

Rest expands custody mandate with State Street

08 November 2022 Hong Kong
Reporter: Lyndsey Young

The mandate will see State Street provide back office services, including custody, accounting and unit pricing, performance and analytics, tax and regulatory reporting and loan servicing

Sparkasse Bank Malta and Diligencia become GLEIF validation agents

08 November 2022 Switzerland
Reporter: Carmella Haswell

The Global Legal Entity Identifier Foundation introduced the Validation Agent Framework to enable regulated institutions to leverage their KYC and AML onboarding procedures and help their clients obtain LEIs

SEC revises Form N-PX proxy voting reporting requirements for US-registered funds

04 November 2022 US
Reporter: Bob Currie

These reforms are intended to make it easier for investors to compare the proxy voting records of mutual funds, ETFs and other fund entities, including the recall and voting of loan stock

BKM supports local girls football team

03 November 2022 UK
Reporter: Carmella Haswell

Black Knight Media, publisher of industry leading titles Asset Servicing Times and Securities Finance Times, provides new kit to Beckenham Town U13’s girls team

Standard Chartered leads pilot to digitise the trade distribution market

02 November 2022 Singapore
Reporter: Jenna Lomax

The project aims to digitise the trade distribution market by transforming trade assets into transferable instruments that are more transparent and accessible to investors

ACA boosts managed services solution

02 November 2022 US
Reporter: Lucy Carter

The company will offer a customisable combination of outsourced task management and ACA’s ComplianceAlpha regulatory technology solution, which together will improve clients’ time and cost efficiencies, the company say

SEC proposes new due diligence rule under Investment Advisers Act

28 October 2022 US
Reporter: Jenna Lomax

The rule amendments, under the Investment Advisers Act of 1940, would require advisers to satisfy specific due diligence elements before retaining a service provider that will perform certain advisory services or functions

UK competition authority approves LSEG acquisition of Quantile

27 October 2022 UK
Reporter: Bob Currie

The UK Competition and Markets Authority has given the green light to London Stock Exchange Group’s proposed purchase of Quantile, which was first announced in December 2021 for an estimated £270 million

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