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FNZ to acquire ifsam
10 February 2023 Luxembourg
Reporter: Lucy Carter

Based in Luxembourg, B2B fund platform ifsam provides custody for investment fund shares and the execution of subscription and redemption processes

BoE issues guidance on outsourcing and third-party risk management for CCPs
09 February 2023 UK
Reporter: Bob Currie

The Bank of England’s supervisory statement specifies how CCPs should meet their regulatory requirements for outsourced services, with a compliance deadline set for 9 February 2024

SideCaps picks CACEIS for clearing and settlement
09 February 2023 Germany
Reporter: Lucy Carter

Used for listed SME secondary-line stocks, SideCaps' block trade platform creates a liquidity pool for German and Austrian SMEs

Peter Corry joins Ocorian
09 February 2023 Luxembourg
Reporter: Lucy Carter

In the role, he will support the company’s broadening range of services for international fund managers

Deutsche Börse appoints Google Cloud as preferred cloud partner
09 February 2023 Germany
Reporter: Bob Currie

The German infrastructure giant will use Google Cloud as its preferred cloud services partner for the coming 10 years, supporting development of its D7 platform along with a range of data and analytics applications and regulatory controls

Illinois FPIF picks Northern Trust for custody services
09 February 2023 US
Reporter: Lucy Carter

The FPIF was established by the Illinois Pension Code in 2019 to consolidate, manage and invest municipal and fire protection district pension funds across the state

ApoBank selects Regnology for regulatory reporting
09 February 2023 Germany
Reporter: Carmella Haswell

Deutsche Apotheker- und Ärztebank (ApoBank) will begin its transition to Regnology’s managed services in February 2023, having been a longstanding client of its Abacus bank reporting platform

SEC releases division of examination’s 2023 priorities
08 February 2023 US
Reporter: Lucy Carter

The annual report identifies potential risks to investors and US capital market integrity

Sterling Investment Management picks Yealand for fund administration
08 February 2023 UK
Reporter: Jenna Lomax

Yealand, based in Peterbrough, UK, was set up in 2008 and is part of the Yealand Group, wholly owned by Applerigg Limited

Nick Pastoressa leaves Credit Benchmark for Drawbridge
08 February 2023 US
Reporter: Lucy Carter

He will be responsible for the development of the company’s technology strategy, platform and product offerings

Jersey introduces new LLC legislation
08 February 2023 Jersey
Reporter: Lucy Carter

Categorised as a body corporate, the legislation can be used to issue securities and as a manager vehicle. Alongside the Jersey Private Fund regime, it can also serve as a fund entity

Australian Retirement Trust picks State Street for custody services
08 February 2023 Australia
Reporter: Jenna Lomax

State Street’s capabilities will allow ART’s in-house team to focus on data governance, core portfolio management and operational responsibilities