Deutsche Bank has been awarded a loan services and fund administration
mandate from Pacific Asset Management, a subsidiary of Pacific Life
Insurance Company that manages in excess of USD 4 billion in fixed
income strategies.
Deutsche Bank Alternative Fund Services (AFS) and Structured Credit
Services (SCS) are partnering to provide a fully integrated solution
which incorporates AFS’s fund administration technology and SCS’s CDO
Suite platform. Specifically, the partnership will offer trade capture,
trade settlement, daily cash reconciliation, cash flow reporting,
portfolio and transaction reporting, as well as automated daily pricing
of bank debt and reporting for Pacific Asset Management’s new commingled
investment fund focused primarily on bank loans.
“Having provided our sister company, Pacific Global Advisors, with
exceptional fund administration support, we knew we could count on
Deutsche Bank to mobilize quickly and offer a custom solution for our
new fund,” said Rex Olson, Senior Managing Director from Pacific Asset
Management. “Deutsche Bank’s expertise in bank loan administration and
settlement, combined with their innovative fund services platform made
them a clear choice.”
“We are pleased to be able to provide Pacific Asset Management with this
integrated solution – bringing together our award winning Fund Services
capabilities with our unique Structured Credit Services CDO Suite
platform,” said Tim Fitzgerald, Global Head of Alternative Fund
Services, Global Transaction Banking at Deutsche Bank.
Steven Park, Head of Structured Credit Sales & Product Management,
Global Transaction Banking at Deutsche Bank, added, “Our automated data
and information flow between SCS and AFS is just one illustration of
Deutsche Bank’s ability to offer a full suite of products and services
in a fully customizable platform to our clients.”
Copyright Business Wire 2014