Deals and Transactions

deals and transactions
Euros

Clearstream acquires Citco’s hedge fund custody processing business

Clearstream is acquiring Citco’s Cork-based financial institution hedge fund custody processing business for a sum in the mid double digit million euro range. »


Bermuda

FRMO Corp invests in Bermuda Stock Exchange

FRMO Corp has purchased a 37.57 per cent stake in the Bermuda Stock Exchange (BSX) and is now the exchange’s largest shareholder. »


Acquisition

Victory Capital Management acquires Munder Capital Management

Victory Capital Management is to acquire Munder Capital Management and its wholly owned subsidiary, Integrity Asset Management. »


Document signing

Deutsche Börse and SET sign MoU

The Stock Exchange of Thailand (SET) and Deutsche Börse AG have signed a memorandum of understanding (MoU) to jointly develop the securities and derivatives markets between Thailand and Germany. »


Italy

Aviva simplifies Italian joint ventures with UBI Banca and UniCredit

Aviva has reached agreements with UBI Banca and UniCredit to restructure its life joint ventures in Italy. »


Euros

BNY Mellon appointed as AIFMD depositary by PGGM Vermogensbeheer

BNY Mellon has been appointed by PGGM Vermogensbeheer to provide depositary services under the Alternative Investment Fund Managers Directive (AIFMD) for assets valued at EUR14bn. »


Handshake and money

BTIG secures CLSA investment

BTIG, a financial services firm specialising in institutional trading and related brokerage services, has secured a strategic investment from CLSA. »


South Korea

Aviva sells stake in South Korean joint venture Woori Aviva Life

Aviva has reached agreement to sell its entire 47 per cent stake in its South Korean business Woori Aviva Life Insurance (WALI) to NongHyup Financial Group (NHFG). »


Merger

ABI’s investment affairs division to merge with IMA

The boards of the Association of British Insurers (ABI) and the Investment Management Association (IMA) have agreed in principle to merge the investment activities of the ABI with the IMA. »


Investments

Napier Park Global Capital receives allocation from Topwater Capital

Napier Park has received a managed account allocation from an investment fund managed by Topwater Capital, a division of Leucadia Asset Management. »


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