Citi has been appointed by BEA Union Investment Management as fund custodian and administrator for its first mutual fund restructure comprising five funds into an open-ended fund company structure
The new platform will support compliance with the EU Sustainable Finance Disclosure Regulation and deliver greater insights and transparency into ESG portfolio risks
“We are excited to be able to support one of Asia’s leading fixed income specialists here in Hong Kong as they operate their first northbound mutual fund," comments Julie Kerr
Northern Trust has been appointed to provide fund accounting, transfer agency and global custody services to Fundsmith’s Luxembourg-domiciled umbrella, Fundsmith SICAV
Marco Wiegmann has been appointed head of the new Depotbank with responsibility for Swiss custodian, depositary and transfer agency services within the Depotbank
Citi will provide fund accounting, transfer agency and reporting services covering more than 40 portfolios and over $70 billion in assets under administration