w/c 19 September
By Adam Cadle
News in brief, product launches and mandates from this week
BNP Paribas Securities Services (BNP Paribas) has announced that it has been selected by the Singapore based asset manager, Lion Global Investors (LGI), to launch new UCIT funds to support the asset manager’s global fund distribution strategy. As a result, LGI will benefit from enhanced operational efficiency and increased ability to respond to investors’ needs around the world.
BNP Paribas Securities Services (BNP Paribas) has announced that it will extend its collateral management service to include centrally cleared over the counter (OTC) derivatives introduced by new regulation, helping institutional investors reduce the associated costs and complexities.
Societe Generale Securities (SGSS) has been appointed by Deutsche Bank AG to act as sub custodian for its proprietary and client assets in Egypt. SGSS’ custody platform in Egypt will provide Deutsche Bank with a range of services centred on custody and settlement.
Schroders has introduced a performance related fee structure on the Schroder QEP Global Core Fund specifically designed for defined contribution pension schemes making active management more accessible to the DC market. The structure will remove the barrier DC trustees have to active management. Schroder QED Global Core offers clients consistent returns ahead of global indices with limited index-relative risk.
Other stories you may find of interest:
EC chooses Hewitt to carry out pan-European pension fund study
The European Commission has selected Hewitt Associates to conduct a feasibility study and advise on the establishment of a pan-European pension fund for researchers
Sophie Baker
The Universities Superannuation Scheme (USS) has chosen UBS Global Asset Management - Fund Services to provide hedge fund of funds administration services
EC's OTC Derivatives consultation met largely with praise from industry
The Investment Management Association (IMA) has welcomed the European Commission's consultation of OTC Derivatives, which aims to improve market infrastructure and to ensure an efficient, safe and robust derivatives market
