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Showing 11 - 20 of 618 results for "Custodian"

Prime Super appoints new custodian

ANDREW MCKEAN  |  TUESDAY, 19 DEC 2023
Prime Super has appointed Citi Securities Services as its new custodian after a seven-month search, breaking ties with NAB Asset Servicing (NAS) as it plans its exit. The $6.7 billion industry fund's decision to award the new mandate to Citi Securities ...

Citi broadens custody offering

ANDREW MCKEAN  |  MONDAY, 18 DEC 2023
... (ETFs), affording investors the flexibility to access funds via an exchange or unlisted distribution channel. The global custodian now distinguishes itself as one of the few Australian providers equipped to handle "end-to-end servicing" for the full ...

OnePath cops $5m fine over fees for no service

CASSANDRA BALDINI  |  THURSDAY, 30 NOV 2023
The Federal Court has imposed a $5 million penalty on OnePath Custodians for unlawfully deducting adviser service fees from members. According to court documents, the trustee made misleading representations about its right to continue charging fees ...

Future Group acquires Verve Super

JAMIE WILLIAMSON  |  WEDNESDAY, 29 NOV 2023
... on as its investment manager. This month they also both changed service providers. The two switched out Citigroup as custodian for BNP Paribas, swapped OneVue for Apex Group as administrator, and dumped Diversa as trustee in favour of Equity Trustees. ...

Currency hedging solution launched for managed accounts

JAMIE WILLIAMSON  |  WEDNESDAY, 15 NOV 2023
... the needs of managed account investors with their innovative hedging solution." Apex Fund Services has been appointed custodian and administrator.

BlackRock plans to launch Ethereum ETF

ANDREW MCKEAN  |  MONDAY, 13 NOV 2023
... represent fractional interests in its net assets, primarily Ether, which are securely held by Coinbase as the designated custodian. It will safeguard a significant portion of the private keys associated with the Trust's Ether in cold storage. Retail ...

Wealth managers seek better data warehouse solutions: BNP Paribas

CHLOE WALKER  |  FRIDAY, 10 NOV 2023
Wealth managers are increasingly demanding better ways to access and utilise data from their custodians and expect advances in artificial intelligence (AI) to make this possible, according to BNP Paribas. "They want to know what we know and what we ...

BNP Paribas to sharpen efforts down under

CHLOE WALKER  |  TUESDAY, 7 NOV 2023
... Australia because it's "an asset owners' environment." "Having a business that serves the asset owners as a custodian is a critical starting point," McCappin said. "It's something that we here in Australia really lean on, and it's very ...

Hejaz rolls out Australia's first Sukuk ETF

ANDREW MCKEAN  |  THURSDAY, 2 NOV 2023
... Equity Trustees will serve as trustee for the ETF, while Apex Financial Services will act as both administrator and custodian, and Nine Mile will function as the market maker. Hejaz chief executive Hakan Ozyon said that the firm was founded to afford ...

Future Super acquires GuildSuper

JAMIE WILLIAMSON  |  WEDNESDAY, 1 NOV 2023
... likes of Ellerston Capital, Understorey Ventures, and Dominic Pym. It also comes as Future Super transitions to a new custodian and administrator, effective this month.