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.

Richard Nino, executive vice president, institutional markets at Fiera Capital said that SEI was the natural partner to help it leverage its vehicle’s advantages. “Its execution of the CIT due diligence, launch, and initial client onboarding processes has been outstanding every step of the way,” he said. 

The CIT was initially funded with a mandate of approximately $540 million from a 401(k) plan sponsor with more than $20 billion in assets. The SEI Trust Company will serve as trustee, and will provide fiduciary management along with accounting and administration functions for the CIT.

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).