Deutsche Bank secures fund admin mandate for Pacific Asset Management fund

Fri, 06/06/2014 - 14:12

Deutsche Bank has been awarded a loan services and fund administration mandate from Pacific Asset Management, a subsidiary of Pacific Life Insurance Company with in excess of USD 4 billion in fixed income strategies.

Deutsche Bank Alternative Fund Services (AFS) and Structured Credit Services (SCS) are partnering to provide a fully integrated solution which incorporates AFS’s fund administration technology and SCS’s CDO Suite platform.
Specifically, the partnership will offer trade capture, trade settlement, daily cash reconciliation, cash flow reporting, portfolio and transaction reporting, as well as automated daily pricing of bank debt and reporting for Pacific Asset Management’s new commingled investment fund focused primarily on bank loans.
“Having provided our sister company, Pacific Global Advisors, with exceptional fund administration support, we knew we could count on Deutsche Bank to mobilise quickly and offer a custom solution for our new fund,” says Rex Olson, senior managing director from Pacific Asset Management. “Deutsche Bank’s expertise in bank loan administration and settlement, combined with their innovative fund services platform made them a clear choice.”
“We are pleased to be able to provide Pacific Asset Management with this integrated solution – bringing together our award winning fund services capabilities with our unique Structured Credit Services CDO Suite platform,” says Tim Fitzgerald, global head of alternative fund services, global transaction banking at Deutsche Bank.

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