PT Asuransi CIGNA (CIGNA) has appointed Deutsche Bank to look after its Cigna Money Market Fund and Cigna Dynamic Click Fund in Indonesia.

Deutsche Bank will provide a range of safekeeping, fund administration and settlement services for these two unit-linked Funds (ULFs). Deutsche Bank already services 18 of CIGNA’s other ULFs.

PT Asuransi CIGNA is a provider of life, health & accident insurance, established in 1990 by CIGNA Corporation to expand its business in Indonesia. Today it says it has more than one million policyholders. 

David Anthony Tobin, its chief financial officer, said: “We are very pleased to be working with Deutsche Bank again for ULFs. The fact that we are moving all of our ULFs to Deutsche Bank is testament to Deutsche Bank’s service quality and the expertise of their team.”

Elwin Karyadi, Director, Deutsche Bank's head of global transaction banking and investor services, added: “This mandate exemplifies the success of our client-centric approach and builds on our track record in servicing companies within the insurance sector in Indonesia.”

CACEIS has been appointed by the Advenis Investment Managers management company (the entity previously known as Avenir Finance Investment Managers) to provide account-keeping/custody and depositary services for its entire fund range. 

Northern Trust has won a mandate from Muscat Capital, the Saudi Arabia-based investment banking arm of Bank Muscat, the largest commercial bank in Oman. 

Mutuelle du Personnel IBM (IBM’s staff health insurance scheme) has asked CACEIS to meet its requirements for look-through reporting, data enrichment and calculation of the gross market SCR (solvency capital requirement) for portfolios already held under custody in light of the Solvency II reform, in effect from January 1 2016. 

JP Morgan Investor Services has been appointed as custodian of West Australia-based WA Super's investment portfolio.

BNY Mellon has been appointed as account bank for the Activate Capital lending platform (Activate Capital). 

A US subsidiary of Fiera Capital Corporation (Fiera Capital) has been retained by SEI, a global provider of investment processing, investment management, and investment operations solutions, to act as a sub-adviser for the newly created international equity collective investment trust (CIT) implemented through SEI Trust Company subsidiary.