After leaving BNY Mellon last year, the fund services veteran has resurfaced at RBC Investor Services, with Brent Reuter set to move to the US.
Asset-servicing firm RBC Dexia says RBC's acquisition of the remaining half of the business will hasten regional expansion and lead to greater cross-selling opportunities.
Another new arrival in Hong Kong is Banque Degroof Luxembourg, which will target small and medium-sized funds. It says Korean asset managers are eager to set up Ucits vehicles.
The new platform is focused on alternatives funds across Asia, with China its main long-term target, and will ultimately service traditional fund clients.
In the second part of a two-part Q&A, Jay Hooley, Boston-based chief executive of State Street, outlines his concerns about the proposed AIFM directive and why he’s optimistic about Asia.
In the first part of a two-part Q&A, Jay Hooley, Boston-based chief executive of State Street, talks about how the US financial reforms might affect his business.
The fund-services provider says smaller firms may find fund platforms such as its own are a good way to get started.
JP Morgan worldwide securities services has lost its Australian and New Zealand head of sales to Citi, where he'll head investor sales out of Sydney for the securities and fund services unit.
The bank's recently launched STP fund-administration and custody service in Indonesia is simpler to use than other offerings, says Dewi Aviany.
The US firm is the first foreign fund-admin provider to calculate net asset values for onshore clients in the country.
Hedge fund managers say there will be demand for the new offering, especially from large firms with complex portfolios.
Japanese start-up OGI Capital Partners hires Citi for fund admin and prepares to launch a new fund.