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Showing 101 - 110 of 769 results for "Custody"

Former director sentenced to seven years in prison

ELIZA BAVIN  |  TUESDAY, 28 MAY 2024
... months imprisonment, with eligibility for parole from 5 July 2024. The court considered the time Ali already spent in custody since November 2021 when imposing the sentence. Judge Heaton KC said Ali's offending involved a level of sophistication, over ...

Equip Super awards custody mandate

KARREN VERGARA  |  WEDNESDAY, 22 MAY 2024
... to replace NAB Asset Servicing. Northern Trust won the mandate to provide asset servicing solutions that include global custody, fund administration and portfolio analytics. It replaces NAB Asset Servicing, which flagged in 2022 that its parent company ...

Citi scores $13bn custody, admin mandate

JAMIE WILLIAMSON  |  THURSDAY, 4 APR 2024
... our strong growth trajectory," Fiducian executive chair Indy Singh said. In 2023, Citi grew its Australian assets under custody and administration by 14%, including through mandates from Ausbil Investment Management and Prime Super, both of which were ...

Perennial renews contract with SS&C

KARREN VERGARA  |  WEDNESDAY, 3 APR 2024
... The re-appointment follows Perennial selecting HSBC as its fund administrator and custodian. HSBC now provides global custody, fund administration, and ETF administration services to Perennial's funds and in 25 markets. At the end of 2023, Perennial ...

Evolution of investment operations spurs new recruitment trends

JAMIE WILLIAMSON  |  TUESDAY, 2 APR 2024
... However, this can vary depending on the team's size and complexity of operations; it also differs across sector, be it custody, superannuation, or funds management. Meantime, an investment operations manager with at least 10 years' experience could command ...

Bitcoin investing is on the rise, but more regulation is needed

ELIZA BAVIN  |  WEDNESDAY, 27 MAR 2024
... Australia, Australia's peak Blockchain industry body, Zeng identified three policy areas for attention: Narrow scoping of custody obligations around centralised brokerages and exchanges first as they present the greatest risk to Australians. Requiring ...

Iress sells platforms business

KARREN VERGARA  |  MONDAY, 26 FEB 2024
... certain milestones are met. IOPB offers financial products and services that include superannuation, non-superannuation, and custody and administration. Last October, Iress sold its managed funds administration (MFA) business to SS&C for $52 million. ...

HSBC wins $23bn in admin, custody mandates

JAMIE WILLIAMSON  |  FRIDAY, 23 FEB 2024
HSBC's local custody business may be turning its fortunes around, growing its assets under custody and administration by close to 40% with two fresh mandate wins. According to the latest Australian Custodial Services Association (ACSA) statistics, HSBC ...

Fund manager awards custody mandate

KARREN VERGARA  |  TUESDAY, 20 FEB 2024
... custodian NAB Asset Servicing (NAS) exiting the market. NAS has referred some of its clients to Citi and gave its Australian custody client base the option to transition. Citi has served as NAS's global custodian since 2016. Ausbil chief executive ...

Bell Asset Management looks to exit RE services

JAMIE WILLIAMSON  |  THURSDAY, 15 FEB 2024
... Trust Company as RE. The fund manager is currently RE of all three funds. It is also trustee and is responsible for the custody of assets, appointment and supervision of service providers, the provision of accounting, taxation and other services and ...