Middlefield Group, a financial services company, has appointed RBC Dexia Investor Services to provide outsourced fund administration activities for its closed end funds.
“RBC Dexia has provided us with excellent custody services since we transferred this business to them and expanding the services programme to encompass fund administration was a natural evolution of our relationship,” said Garth Jestley, president and chief executive officer (CEO) of Middlefield Group. “This outsourcing contract will apply to all of our closed end funds and will deliver significant operational efficiencies as we continue to expand our funds platform.”
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.