China Construction Bank (CCB) has selected BNY Mellon as global custodian for a new qualified domestic institutional investor (QDII) fund in China launched by Fortune SG Fund Management Co. Ltd in September. CCB is the domestic custodian for this QDII fund in China.

Fortune SG is a joint venture between HWABAO TRUST Co., Ltd (a subsidiary of China's Baosteel Group) and Lyxor Asset Management (a subsidiary of Société Générale Group) and was one of the first joint ventures between a domestic Chinese trust company and a foreign asset management company. The new Fortune SG S&P Oil & Gas Exploration & Production Select Industry Index Fund is Fortune SG’s third QDII fund, and the second QDII fund which uses BNY Mellon as global custodian. BNY Mellon was selected as global custodian by CCB for the Fortune SG Overseas Growth Equity Fund in May 2008.

“This is the fifth global custody QDII mandate BNY Mellon has been awarded in 2011 to date which confirms that the solutions we are providing to China's asset managers remain at the forefront of the market,” said Head of Asia, BNY Mellon Asset Servicing, Chong Jin Leow. “To help support the continued growth of China’s funds industry, we will continue to invest in our Chinese technology platform to ensure we remain a strong partner to Chinese institutions.”

Eagle Asset Management, a St. Petersburg, Fla-based institutional and retail asset management has tapped the Dimension investment management system from SimCorp to replace multiple proprietary investment accounting, performance and clent reporting systems.

Fleming Family & Partners (FF&P) Asset Management has appointed Societe Generale Securities Services Russia (ROSBANK) as Custodian (Depositary) and Investment Funds Trustee (Specialized Depositary). SGSS Russia will provide custody, fund trustee and transfer-agent services for the full range of local open-ended and closed-ended funds managed by FF&P AM in Russia.

State Street Corporation, one of the world’s leading providers of financial services to institutional investors, announced today that AU$18 billion Australian superannuation fund Sunsuper has appointed State Street Australia Limited as its custodian.

J.P. Morgan has expanded its Prime Custody service to make it available to hedge fund clients of its European Prime Brokerage business. 

Societe Generale Securities Services (SGSS) has been named “Custodian of the Year for France” for a second consecutive year in the ICFA (International Custody and Fund Administration) European Custody and Fund Administration Awards 2011.