AP-Fonden 1, the first Swedish National Pension Fund, has replaced Citigroup with ABN Amro Mellon Global Securities Services as custodian for its €16bn ($19.5bn) in assets.

ABN Amro will provide securities lending and trade matching as well as custody services.  The mandate covers AP1's total holdings, both domestic and non-Swedish.

AP1 axes Citigroup as custodian for €16bn

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Magic Circle firm boosts London private equity offering

Proskauer Rose hires Hogan Lovells private equity partner in London

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The announcement comes as USS Investment Management said it won’t bid for the property firm.

KKR Floats $1.97 Billion Non-Binding Offer for London-Listed Assura

KKR Floats $1.97 Billion Non-Binding Offer for London-Listed Property Firm Assura

The U.S. private-equity firm said t decided not to begin a tender offer for the Japanese software company after consulting with Fuji Soft founder Hiroshi Nozawa.

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The Chinese technology giant has begun tests to integrate homegrown startup DeepSeek’s AI model into its Weixin messaging app.

Tencent Shares Rise as App Launches DeepSeek Testing

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Unicoin bills its token as being backed by billions of dollars in real-world assets, but Biden administration regulators and some crypto executives were skeptical.

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Financial News

KKR Floats $1.97 Billion Non-Binding Offer for London-Listed Assura

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