Carne Group has been confirmed by Monterey as Luxembourg’s largest third-party ManCo by AuM in the latest Monterey Insight Luxembourg report, with USD242.4bn in AuM.
Year: 2026
UBS transfers to Northern Trust
UBS has reached an agreement to extend its long-standing fund administration relationship with Northern Trust and transfer its fund administration businesses. Under the new agreements, subject to regulatory approvals, UBS’s Swiss and Luxembourg ManCo’s will extend their existing fund administration agreement with Northern Trust to include investment funds that are currently serviced by UBS, which…
KKR to acquire Gen II
KKR has agreed to acquire Gen II Fund Services, LLC, a U.S.-based private capital fund administrator, for a total enterprise value of USD5.1bn. KKR is acquiring Gen II from Hg, General Atlantic and other minority investors through its core private equity strategy. The current leadership team. headed by CEO Steven Millner, will continue to run…
BNPP implements Proxymity solution
BNP Paribas’ securities services business has implemented Proxymity’s Vote Connect Global solution as part of its general meetings services for global custody clients across EMEA and Asia Pacific, directly connecting issuers, intermediaries and investors through a near real-time digital ecosystem.
Waystone appoints UK ACD CEO
James Bowers has been appointed CEO of Waystone’s UK ACD business, while Allan Seldon has joined as MD, client solutions. Waystone’s ACD platform oversees >USD126bn AuM across >225 funds. Bowers succeeds Karl Midl, who will continue in his role as Waystone country head, UK. Bowers joins from Principal Asset Management, Seldon joins from Tutman Fund…
Zedra appoints Asia head of fund services
Zedra has appointed Koh Pi Hann as head of fund services in Asia. He has worked at BNY, HSBC, Apex, and most recently worked at a Singapore-licensed fund management firm. He is based in Singapore,
Pandiri joins DTCC
Samir Pandiri has joined DTCC as managing director and chief client officer, based in New York. He oversees DTCC’s global client management team, including client leads, relationship management & growth, partnerships and strategic alliances. Earlier in his career Pandiri was global CEO of asset servicing at BNY, and has also worked at Broadridge, Apex and,…
Langham Hall supports new Northcote fund
Langham Hall, the UK-based administrator, has supported Northcote Equity in the final close of its second fund, Northcote Fund II LP, at its hard cap of GBP250m (USD331m). Langham Hall has supported Northcote Equity since launch and continues to provide fund administration and accounting services from its Guernsey office, together with appointed representative services from…
Wellington appoints State Street in HK
State Street has been appointed by Wellington Management as transfer agent on HKEX’s Integrated Fund Platform (IFP). State Street has executed Wellington’s first fund subscription and redemption orders routed through the IFP.
HSBC hires from Deutsche Bank
HSBC has appointed Fiona Neville as head of securities services sales, Europe & Middle East, based in London. She reports to Matt Kiraly, global head of securities services sales, and Simon Derrick, head of Europe & Middle East institutional sales. She joins from Deutsche Bank where she was head of securities services, Europe. Prior to…