Aztec, the C.I.-based administrator, has appointed Loic Choquet as head of jurisdiction in Luxembourg. He will continue in his role as head of group centres of excellence and internal control. Aztec has >700 Luxembourg-based employees, and has recently launched its AIFM service in the domicile.
Year: 2024
State Street wins in Brazil
State Street has been selected to provide fund accounting, fund administration and investor servicing for Galapagos Global Capital Management, the U.S.-based hedge fund manager of Galapagos Capital, a Brazilian-founded investment company. State Street will provide these services to Galápagos Macro Master LP and Galápagos Macro Cayman Ltd.
Tetragon works with HUB
Tetragon, a C.I.-based asset management business, has deployed HUB Position Oversight, a SaaS solution that creates a unified view of portfolio data across internal and external systems for month-end NAV reporting processes. The solution onboards data from multiple systems, enabling Tetragon to automate position matching and streamline exception management through embedded workflow. HUB is a…
Donohue leaves State Street
A long-serving senior executive at State Street has stepped down. Jessica Donohue, one of the most senior female executives at the bank, was appointed as head of global investment insights, sustainability and impact in 2023 after the retirement of Rick Lacaille. Previously Donohue had been global head of State Street’s asset owner segment.
TMF buys in Mexico
TMF Group, the Netherlands-based administrator, has acquired two companies based in Mexico: KMC Campos y Campos, S.C. and Matas Lorenzo, S.C. Through these acquisitions, TMF Group will expand its capabilities in fund, accounting and tax, and payroll services in Mexico.
Northern Trust to service L&G LTAF
Northern Trust has been appointed by Legal & General to provide depository and fund administration services for its recently launched Private Markets Access Fund, which integrates a UK Long Term Asset Fund (LTAF) as a core component. The fund aims to offer 5.2 million DC scheme members the opportunity to obtain diversified exposure to private…
AEW adds to CBRE RE mandate
AEW Capital Management has expanded its outsourcing agreement with CBRE to include real estate accounting and reporting services to AEW’s North American private equity group, which manages direct private equity investments in real estate in the U.S. The agreement includes the transfer of approximately 50 AEW employees to CBRE’s office in Boston. CBRE will provide…
Accelex partners with Meradia
Accelex, the UK-based fintech, has formed a partnership with Meradia, a consultancy specialising in operations and technology for the investment management industry. The partnership aims to enhance operational efficiency for investors in alternative assets by combining their expertise in private markets data and operations.
TMF expands in Australia
TMF Group, the Netherlands-based provider of administrative services, has acquired Vasco Trustees, an Australian fund services provider.
Atkinson joins Euroclear
Neil Atkinson has left HSBC to join Euroclear. He spent more than five years at HSBC, most recently as global head, platform solutions, banks and broker dealers, for the securities services business.