Socium Fund Services, a U.S.-based Suntera Global company specialising in private equity and private credit fund administration, is partnering with Hedgebay Securities, LLC, a FINRA-registered broker-dealer. Hedgebay helps match sophisticated buyers and seller of hedge fund interests and other illiquid alternative investment assets. This collaboration aims to deliver tailored secondary market liquidity solutions to GPs…
Year: 2024
Cit completes PA tokenisation PoC
Citi has completed a proof of concept on tokenisation of private funds along with Wellington Management and WisdomTree. With ABN AMRO simulating the role of a traditional investor, the PoC tested the tokenisation of a Wellington-issued private equity fund by bringing it on to a DLT network. The underlying fund distribution rules were encoded into…
BNY Mellon upgrades ETF basket construction
BNY Mellon has launched a new ETF basket construction platform. The new platform will provide asset managers with a digital workflow, backed by start-of-day NAV data, to present market-making information to liquidity providers. This solution will support asset managers in valuing, creating, and publishing basket information more efficiently. Users will be able to customise and…
DDH outsources to SS&C
DDH Graham Limited has appointed SS&C to deliver superannuation and funds management administration services. DDH manages and administers over AUD7.8bn (USD5bn) in funds on behalf of 34 fund managers and superannuation funds in Australia. SS&C will provide member and investor administration, including unit registry and fund services, for DDH and its superannuation and managed fund…
FXall connects to Saphyre
FXall, a London Stock Exchange business, will implement Saphyre‘s patented technology to expedite their clients’ readiness to trade and reduce delays related to post-trade processes. Clients onboarding new funds through FXall will have a single entry process to set up their funds for all their liquidity providers at one time, and to share related legal…
BBH adds to markets strategy team
BBH has expanded its markets strategy team with the appointment of Elias Haddad as senior markets strategist. Based in London, he will provide insights and research that help clients navigate and understand the global economy and make informed decisions about their FX strategy. Prior to joining BBH, Haddad spent eight years with the Commonwealth Bank…
Jacobs rejoins State Street
Martin Jacobs has returned to State Street as client solutions lead for its State Street Alpha front-to-back solution. Jacobs previously spent nearly seven years at Citi, where he was most recently global product head of data strategy & architecture. He is based in London.
IQ-EQ opens in GIFT City
IQ-EQ, the Luxembourg-based administrator, is now licensed to do business in the Gujarat International Finance Tec-City (GIFT City) in India. GIFT City is sponsored by the Indian government with the vision of creating a world-class finance and IT hub, connecting India to the world. It is home to India’s global bullion exchange and the International…
Komainu hires EMEA sales lead
Komainu, the C.I.-based digital asset custodian backed by Nomura, has hired Chad Walls as EMEA sales lead, based in London. He joins from Nickel Digital Asset Management.
Altum hires from Apex – again
Tom Buist has joined Altum as director, funds and institutional, in its Jersey-based unit. He was previously at Apex following its acquisition of Sanne.