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RBC Dexia Investors Services Asia and Calastone, the global messaging and settlement transaction network for the global fund industry, have formed a strategic alliance to increase investment fund automation in Asia.
The move is being made in response to the significant growth in the Asian fund market, and is a major step towards greater efficiency in fund transactions in the region.
RBC Dexia’s Asian fund promoter clients and their respective fund distributors will benefit from direct connectivity to Calastone’s fund messaging and translation service. Asian fund distributors can connect directly to the network to deal into Asian domestic
U.S. Bancorp Fund Services has named Angie Pingel vice president and legal compliance officer. Pingel will specialise in registered proprietary fund and multiple series trust regulation and provide counsel on the Investment Company Act of 1940 and related securities laws to clients.
“Angie brings more than 15 years of experience in the mutual fund and general securities industries to U.S. Bancorp Fund Services. Her depth of experience and knowledge will provide additional support and expertise to our clients,” says Jeanine Bajczyk, senior vice president and director of the Legal Administration department at U.S. Bancorp Fund Services.
Pingel rejoined U.S.
The management team at Legis has successfully completed a buyout of the business. The share capital of the funds, corporate services and trust business has been acquired by a newly-formed holding company, Legis Group Holdings Limited, with funding from HSBC and backed by a significant investment from Bailiwick Investments Limited.
Chief Executive Stuart Platt-Ransom says: “We have assembled an experienced and dynamic management team and, under their ownership, Legis is now positioned to become a best of breed independent.”
Legis has almost doubled its staff numbers over the last three years with some staff working for the company for up
Dermot Butler (pictured), Chairman, Custom House Group Fund Services, outlines some of the key exemptions for investment advisers under the Dodd-Frank rule.
Last summer, in July 2010, the “Dodd-Frank Wall Street Reform and Consumer Protection Act” (‘Dodd -Frank Act’) was signed into law and, amongst other things, Title IV of Dodd- Frank amended the “US Investment Advisors Act of 1940” (‘IAA 1940’).
One of the important requirements of Dodd-Frank was that a broad range of both US and non-US fund managers and advisors had to register with the SEC by July this year. With this in mind, in November of
New York-headquartered PerTrac, the global financial software solutions provider to the investment industry, has teamed up with Alix Capital to host its UCITS Alternatives Index.
Singapore hedge fund, Quant Asset Management, has rolled out a UCITS III-compliant version of its BVI-domiciled Quant Global Equities fund reported FINAlternatives this week.
UK-based Thames River Capital – the recently acquired funds arm of F&C Group – is preparing to launch a UCITS III-compliant absolute return high yield bond fund in May to be
Raiffeisen Capital Management, founded in 1985 and currently Austria’s largest asset manager with a 20 per cent market share and EUR32billion in assets, has launched
IK Investment Partners (IK) has acquired Asian company formations business the Offshore Incorporations group of companies from the Carlyle Group.
The intention is to create a world leading global trust and corporate services provider by merging the corporate service part of the Group, Acceptor and Credence Trust, with IK’s portfolio company Vistra Group (Vistra). Financials for the transaction were not disclosed.
Vistra is a leading provider of fund administration, trust and corporate services in Europe, with a strong financial track record.
The Offshore Incorporations group today comprises three specialist entities: Asia’s leading company formation specialist, OIL; one of the leading
A direct communications link between Chicago (pictured) and Newedge Asia’s Hong Kong-based trading data centre has been established by
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