Aegon Asset Management has launched the Aegon Financial Credit Opportunities Fund, investing in capital securities from global banks and financial institutions. The fund aims to provide steady income with potential capital growth. Investment manager Alex Pelteshki and head of UK fixed income Iain Buckle will manage the strategy, supported by four credit analysts. The portfolio will hold 40-100 securities, with at least 65% invested in Contingent Convertibles (CoCos). The fund targets subordinated debt instruments from large, well-established financial institutions with strong investment grade ratings. The team employs a proprietary strategy focusing on overlooked opportunities offering asymmetric return potential. Buckle noted that capital securities offer "differentiated risk characteristics and income potential", making them particularly compelling for income-focused investors across various market conditions.

Citi Investor Services wins full middle office mandate from Aegon Asset Management. Citi Investor Services has been awarded a full middle office mandate by Aegon Asset Management (Aegon AM), covering US$380 billion in assets under management and extending a 20-year relationship with the client. The mandate expands the scope of services already provided to Aegon AM by Citi, which include custody, depositary, collateral, fund accounting and administration, and transfer agency services. Citi has extended the breadth of its middle office offering to include full Investment Book of Record (IBOR) services, trade management and settlement, and performance measurement via Aladdin Accounting services. The transition marks a milestone in Citi's growing presence as an integrated service provider on BlackRock's Aladdin investment platform, expanding Citi's Aladdin Provider model in both scale and sophistication. Investor Services now delivers an enhanced suite of services encompassing full middle office, enhanced data management, and accounting and performance services. Supporting these enhanced capabilities, Aegon AM's operations employees based in Budapest, Hungary, have joined Citi Investor Services. The individuals are based at Citi's Solutions Centre in Budapest, where they will continue to grow their careers in roles of comparable scope and responsibility, bringing their expertise to the Investor Services team. The Citi Solutions Centre in Budapest forms part of a global network of technology and operations hubs for Citi's Investor Services business. Alongside Budapest, teams in India, Poland, the UK and the US also support Citi's Aladdin Provider model for Aegon AM's entities in the UK, US and Netherlands. Mike Hughes, Head of Fund Services, Citi Investor Services Mike Hughes, Head of Fund Services, Citi Investor Services said: "This mandate significantly expands our relationship with Aegon AM and exemplifies our strategy to accelerate growth with asset managers globally by providing world class middle office services and technology. We warmly welcome our new colleagues to Citi as we build scale on Aladdin to support the world's largest and most complex asset managers, win new clients, and continue growing our business." Mike Tumilty, Global Chief Operating Officer, Aegon AM Mike Tumilty, Global Chief Operating Officer, Aegon AM commented: "We are delighted to expand our longstanding partnership with Citi by leveraging their middle office services on our Aladdin platform. Following our successful implementation of Aladdin, working with Citi to operate our middle office on the Aladdin instance was a clear next step in our evolution towards a global, scalable, and efficient operating model. Our team in Budapest were integral to this journey, and we are pleased that they continue to support us, now as a client, while developing their careers with Citi." Citi Investor Services provides integrated solutions across custody, fund services and securities finance, as well as cash, payments and liquidity capabilities to institutional investors globally. As of the second quarter of 2026, Citi Securities Services reported approximately US$35 trillion in assets under custody and administration. Found this interesting? Become a member of LiquidityFinder and get daily industry news direct to your inbox - join here. We're the largest marketplace to connect with brokers, Fintech companies & digital asset firms. Want to partner? Let's get in touch. This content may have been written by a third party. LiquidityFinder makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or other information supplies by any third-party. This content is information only, and does not constitute financial, investment or other advice on which you can rely.

PPM America expands commercial real estate lending team with four senior hires. August 5, 2026 PPM America, Inc. has expanded its commercial real estate lending platform with the addition of four loan originators as the institutional asset manager responds to rising demand for commercial mortgage investments from clients. The firm hired Dennis Kracik, Justin Lata, Andrew Lockhart and Paul Mroz, increasing its commercial real estate loan origination team to 13 professionals. All four executives report to Thomas Fischer, head of loan origination, and will support growing origination activity across key U.S. markets. The expansion comes as PPM reports record loan origination volumes and increasing client demand for commercial mortgage investments. By adding experienced originators across multiple regions, the firm is seeking to strengthen its sourcing capabilities and broaden access to lending opportunities within the commercial real estate market. Kracik and Lata join the firm as managing directors. Kracik brings more than 30 years of commercial real estate experience, most recently serving as vice president of real estate finance at Voya Investment Management. At PPM, he will focus on developing and managing sponsor relationships while sourcing commercial mortgage opportunities throughout the Northeast and New England. Lata joins from Manulife/John Hancock, where he served as assistant vice president and regional director. With more than 20 years of industry experience, he will be responsible for originating commercial mortgage investments across the Midwest and Mid-Atlantic regions. Lockhart and Mroz join the organization as regional directors, further expanding the firm's origination network. Lockhart previously worked at Manulife/John Hancock, while Mroz joins from Aegon Asset Management, bringing additional experience in commercial real estate lending and investment origination. Fischer said the appointments significantly strengthen an already established loan origination platform and extend the firm's ability to source investment opportunities. He noted that commercial real estate lending activity continues to improve, positioning PPM to meet client demand while identifying attractive investment opportunities across the market. Established in 1995, PPM's commercial real estate team consists of 26 dedicated professionals based in Chicago. According to the company, team members average 23 years of real estate industry experience and an average tenure of 11 years with the firm. As of June 30, 2026, the group managed more than $8 billion in commercial mortgage loans. Headquartered in Chicago, PPM America is a U.S.-based institutional asset manager overseeing approximately $101.07 billion in assets under management as of June 30, 2026. The firm serves institutional investors through a range of investment strategies and emphasizes long-term value creation supported by a collaborative investment approach and specialized sector expertise.