Asset servicing

'Stars aligned' for fund administrators to add infrastructure to tool box

'Stars aligned' for fund administrators to add infrastructure to tool box

Fund administrators are expanding into infrastructure as asset owners move more money into the asset class.

January 05, 2017 | 10:48 am
SS&C to buy asset servicing firm Conifer Financial Services

SS&C to buy asset servicing firm Conifer Financial Services

SS&C Technologies Holdings on Thursday announced it had acquired asset servicing firm Conifer Financial Services from Carlyle Group and Conifer management for $89 million.

December 16, 2016 | 01:22 pm

Kentucky Retirement signs BNY Mellon for securities lending amid Deutsche concerns

Kentucky Retirement Systems hired BNY Mellon Asset Serving to administer its securities lending program.

December 07, 2016 | 01:03 pm

Norfolk seeks firms to monitor investment performance and cost monitoring

Norfolk County Council is searching for providers of investment performance and cost monitoring, and reporting services for a multiprovider framework for its local government pension scheme and on...

December 07, 2016 | 01:00 pm

Community Bank System acquires Northeast Retirement Services

Community Bank System agreed to acquire Northeast Retirement Services, a provider of trust, retirement plan and accounting services, in a cash and stock deal worth approximately $140 million.

December 06, 2016 | 02:34 pm

Medford Contributory looking for custodial banking services for pension fund

Medford (Mass.) Contributory Retirement System is seeking custodial banking services for the investments of the retirement system’s $177 million defined benefit fund.

December 06, 2016 | 03:53 pm

Transamerica to lay off 800 employees from record-keeping and insurance units

Transamerica will be reducing its workforce by a combined 800 employees in both its retirement solutions and insurance businesses, company officials said Friday in an interview.

December 02, 2016 | 02:52 pm
Northern Trust settles with San Francisco pension fund over securities lending practices

Northern Trust settles with San Francisco pension fund over securities lending practices

Northern Trust agreed to pay the $20.9 billion San Francisco City & County Employees' Retirement System $11.7 million in an out-of-court settlement over the firm's securities lending practices.

December 02, 2016 | 01:41 pm