Steve David has left Northern Trust, where he has spent the last 19 years. David was CEO of Northern Trust Global Services Societas Europaea, its EU bank, as well as country head for Luxembourg. He was instrumental in growing the Luxembourg franchise and also played a key role in the successful integration of the UBS…
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Hazeltree adds to C-suite
Hazeltree, the U.S.-based provider of treasury and liquidity management solutions for the alternative asset management industry, has appointed Vlad Berson as chief marketing officer. He will report to Hazeltree CEO Tushar Amin and will be based in New York. Berson joins from Broadridge, where he was most recently global head of marketing for capital markets.
Messina joins Principal Asset Management
Theresa Messina has joined Principal Asset Management as managing director, investment operations. She joined BNY Mellon in 2017 to lead the middle office services business.
Ultimus supports launch of Beacon ETFs
Ultimus Fund Solutions, a U.S.-based provider of fund administration, accounting, and investor solutions, has supported Beacon Capital Management in the launch of its first series of ETFs. Beacon, an investment advisory firm managing c. USD5.1bn and specialising in delivering separately managed account (SMA) strategies to the independent RIA, broker-dealer, and regional bank channels, sought diversification…
Equity Trust buys Midland Trust
Equity Trust Company, a U.S.-based custodian of self-directed IRAs, has acquired Midland Trust, a self-directed IRA company based in Fort Myers, FL. Equity Trust services individuals seeking to self-direct their retirement investments, offering access to investment options such as real estate, private equity, and precious metals.
TMF to acquire FIDD in Brazil
TMF Group, a Netherlands-based provider of administrative services, has entered into an agreement to acquire FIDD Group, a full-service outsourced fund administration provider based in Brazil. The transaction is subject to regulatory approval by Banco Central, with completion expected in 2024. Following the acquisition, TMF Group would administer more than EUR200bn of client assets. FIDD…
SS&C re-hires Jason Vaughn
Jason Vaughn has joined SS&C as head of strategic revenue for its global investor and distribution solutions business in the U.S. He joins from FIS. He previously worked for SS&C between 2016 and 2020.
IQ-EQ wins USD10bn PA mandate
IQ-EQ, the Luxembourg-based administrator, has been appointed by Flexstone Partners to provide fund administration and a suite of related services. As part of this mandate, IQ-EQ has lifted out Flexstone’s key servicing team from its legacy provider, MB Fund Administration. Flexstone Partners, an affiliate of Natixis Investment Partners, is a private investments firm with >USD10.1bn…
Formidium opens in GIFT City
Formidium, a U.S.-based provider of fund technology and back-office solutions, has opened a workspace at Gujarat International Finance Tech-City (GIFT City) in Ahmedabad, India.
Apex hires head of U.S.
Apex has appointed Frederick Shaw as country head – United States. He joins from Hamilton Lane, a private markets investor, where he was chief risk officer and global head of operations. Shaw will oversee the U.S. business, which now employs over 600 people across 15 offices.