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…
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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.
MSCI to own Burgiss outright
MSCI Inc., a provider of decision support tools and services for the investment sector, has entered into a definitive agreement to acquire the remaining 66pct of The Burgiss Group, LLC for USD697m in cash. Burgiss is a U.S.-based provider of data, analytics, and technology solutions for investors in private assets. Since its initial investment in…
SimCorp opens in Mexico
SimCorp, the European provider of SaaS investment management solutions, has opened an office in Mexico City. Mexico City was selected as the market offers attractive operating conditions, available talent, a growing economy, and geographic proximity to the North American market. Oscar Nasta has joined SimCorp as head of delivery center Mexico City, SimCorp has signed…
Pirum hires for FI BD role
Pirum, the UK-based securities finance fintech, has hired Jon Ford as head of fixed income business development, based In London. Previously, Ford spent eight years at RBC Capital Markets where his most recent role was head of fixed income financing sales.
ISPT switches to Sylvan
ISPT, a property fund manager based in Australia, has implemented SS&C Sylvan for performance measurement and attribution. ISPT is one of Australia’s largest unlisted property fund managers with >AUD22bn (USD14.4bn) AuM from investments in commercial, retail, industrial, education, health, social infrastructure and residential development. SS&C Sylvan, a cloud-based performance measurement and attribution solution, replaced ISPT’s…
Higgins to run GFS AsPac for NTRS
Northern Trust has named Caroline Higgins as head of Global Fund Services (GFS), Asia Pacific. Higgins will be responsible for overseeing services to global investment managers including fund administration, depositary, global custody, transfer agency, investment operations outsourcing and data solutions. Higgins, who joined Northern Trust in 2016, was most recently head of Hong Kong, Macau,…