Suntera Global, the C.I.-based administrator, plans to acquire Carey Commercial Limited, a Guernsey-based fund, corporate and private wealth services provider. With 80 employees, Carey currently provides professional, administrative and accounting services to a portfolio of fund managers, institutions, UHNWs and family offices. The deal is subject to regulatory approval.
Richard
Alter Domus acquires CLO specialist
Alter Domus, a Luxembourg-based provider of fund administration, debt capital markets, and corporate services for the alternative investment industry, has acquired Solvas, a loan and debt servicing software platform, from Deloitte. Solvas serves asset managers and trustee participants in the collateralised loan obligation (CLO) markets internationally and offers accounting, modelling, and credit risk solutions. Most…
Gryphon selects Mfact
Gryphon Fund Group, a U.S.-based fund administration firm with USD6bn AuA, has selected Linedata Mfact for fund accounting, NAV calculation and reporting.
DB hires in Malaysia
Deutsche Bank has appointed Sylvia Beh as CEO of its Malaysia trustee business. She will lead the Malaysian fund services business, reporting to Richard Lim, head of securities services Malaysia.
BBH to service Schroders ELTIF
Brown Brothers Harriman has been selected by Schroders Capital as central administrator and depositary bank for the launch of its first European Long-Term Investment Fund (ELTIF). Peter Arnold, COO of Schroders Capital, said: “We believe that a wider range of investors should have access to the opportunities that private assets can offer. BBH’s ability to…
State Street wins Bladex mandate
State Street has been appointed to provide custody services for Bladex, a Panama-based multinational bank established by the central banks of 23 Latin-American and Caribbean countries to promote foreign trade and economic integration in the region.
BlueDrive selects Eze Eclipse
BlueDrive Global Investors LLP, a London–based investment firm, has selected Eze Eclipse as its front-to-back investment management platform.
ASCENT expands to UK
The ASCENT Group, a Singapore-based fund administrator with USD20bn AuM, is expanding into the UK market. Jamie Spark will be managing director of Ascent Fund Services (UK) Ltd. Having previously led business development in Australia.
SC signs MoU for Dubai digital custody
Standard Chartered Bank has signed a memorandum of understanding with the DIFC Innovation Hub to launch digital asset custody services in Dubai, powered by Zodia Custody.
BNY Mellon hires chief commercial officer
BNY Mellon has appointed Cathinka Wahlstrom as chief commercial officer. In this capacity, she will lead the bank’s Global Client Management function, and will also take on a leadership role for coordinating and maximising the contributions of its sales and relationship management teams across the company. Ed Fandrey, who was hired as head of global…