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Showing 191 - 200 of 692 results for "custodian"

Former Trump aide launches crypto fund

KARREN VERGARA  |  MONDAY, 18 JAN 2021
... strategy and a bottom-up manager selection process. Fidelity Digital Assets, a subsidiary of Fidelity Investments, is the custodian of the fund, while Ernst & Young act as the auditor. Scaramucci had a short stint as the White House communications director ...

Northern Trust wins First Sentier mandate

KANIKA SOOD  |  WEDNESDAY, 6 JAN 2021
... planned to have its own systems around legal, risk, HR, enterprise and IT systems. Northern Trust is the second-largest custodian in Australia, after inching up the league tables i n two successive reporting periods, as at June 2020. It looked after ...

Class action launched against OnePath

ELIZA BAVIN  |  TUESDAY, 5 JAN 2021
Slater and Gordon have filed a class action against ANZ and its former subsidiaries OnePath Custodians and OnePath Life as part of its #GetYourSuperBack campaign. Filed in the Federal Court in December 2020, this makes the fifth class action launched ...

BNP Paribas wins custody mandate

KARREN VERGARA  |  TUESDAY, 15 DEC 2020
BNP Paribas has won a mandate to serve as sub-custodian in Australia and New Zealand for a large European firm. Clearstream appointed BNP Paribas Securities Services to provide local sub-custody services. Clearstream currently has a partnership with ...

Citi appoints head of fund services for Australian product

KANIKA SOOD  |  WEDNESDAY, 9 DEC 2020
The third-largest local custodian has appointed a former RBC executive as its Australia product head of fund services within the securities services team. Justin Burman is moving into the role as Citi Australia continues to transition custody clients ...

NAB wins custody mandate

KANIKA SOOD  |  MONDAY, 7 DEC 2020
NAB Asset Servicing has been appointed the custodian for a banking group. Suncorp Group's insurance, wealth and funds management businesses will use NAB Asset Servicing as custodian in Australia and New Zealand. The contract includes nine Suncorp entities ...

Retail superannuation funds grilled on member priorities

KARREN VERGARA  |  TUESDAY, 24 NOV 2020
A parliamentary inquiry has again cast doubt over retail superannuation funds' ability to put the best financial interests of members ahead of profit and shareholders. The most recent Standing Committee on Economics into super heard instances of ...

NAB Asset Servicing signs up to Charles River

KANIKA SOOD  |  WEDNESDAY, 11 NOV 2020
... since 1950 and global custody and investment administration services since 1975. Up until June 2016, NAS was the largest custodian in Australia, when it was overtaken by J.P Morgan which has since remained in the top spot. NAS is now the fourth-largest ...

State Street targets insurance outsourcing

KARREN VERGARA  |  TUESDAY, 13 OCT 2020
... accepting the complete SimCorp Solution to deliver their services." Locally, State Street has 10.7% of the $3.75 trillion custodian market. It was recently fined $1.25 million by AUSTRAC for allegedly breaching 99 times its obligation to report international ...

Superhero sets eyes on managed accounts

ALLY SELBY  |  WEDNESDAY, 7 OCT 2020
... Superhero's $5 brokerage fee and $100 minimum investment. Superhero, unlike its trading platform peers, is effectively a custodian, co-founder and chief executive John Winters said, and uses an "omnibus account" structure and regulatory regime (RG133 ...