Covercy, a provider of end-to-end investment management solutions for commercial real estate, has formed a partnership with NAV Fund Services, a U.S.-based administrator with USD350bn AuA. The partnership combines Covercy’s integrated investment management and banking platform with NAV’s fund administration capabilities, providing clients with a full-service solution for fund accounting, reporting, and investor servicing. The…
Ultimus Fund Solutions has appointed Steve Farlese as COO of Ultimus Private Fund Solutions. He joins Ultimus with more than 30 years’ experience in alternative fund operations, investor services, and global service delivery. Prior to joining Ultimus, he spent over three decades at BNY, where he most recently served as MD supporting alternative investment solutions…
T. Rowe Price, the U.S.-based manager with USD1.79trn AuM, has expanded its relationship with Charles River Development through the migration to the SaaS-deployed Charles River Investment Management Solution (IMS). A representative from T. Rowe Price, a Charles River client since 2002, said: “It was a huge initiative that involved deep work on both sides, and…
As Fineco Asset Management expands its product suite to offer alternative investment funds, it has appointed SGSS to provide fund administration, depositary and transfer agency services for its first private equity fund, domiciled in Ireland, as well as local transfer agency services in Italy. This new investment solution will be directed towards FinecoBank clients in…
U.S. Bank has appointed MUFG and Citi as sub-custodians for five additional markets in its Asia-Pacific custody network. The markets included in this move are Japan, Indonesia, Malaysia, Thailand and Vietnam. U.S. Bank is using MUFG as sub-custodian for Japan; Citi will be sub-custodian for Indonesia, Malaysia, Thailand and Vietnam. With the transition of these…