Apex has formed a collaboration with BlackRock’s eFront to provide the general partner community with ESG data consulting services. The partnership will provide GPs with a combination of Apex services and eFront’s technology to feed ESG data into eFront’s ESG Outreach solution, launched in 2021 and designed to help private market investors simplify and create…
Richard
IQ-EQ hires India chief
IQ-EQ, the Luxembourg-based administration services provider, has appointed Atul Muchhala as executive director in India. He joins IQ-EQ with over 25 years’ experience in the alternative investment fund sector across India, Singapore and the Middle East. He was previously at SS&C, where he spent 15 years.
BURNING DOWN THE HOUSE
RBC always sought relevance – but the market moved against it, despite its best efforts. I was about to board a train on the Paris Metro when I received a call from Harry Samuel, then the head of RBC Investor & Treasury Services. He wanted to let me know that the business was withdrawing from…
CACEIS signs MoU with RBC
CACEIS, the asset servicing banking group of Crédit Agricole S.A. and Santander, has signed a memorandum of understanding with Royal Bank of Canada for CACEIS to acquire the European asset servicing activities of RBC Investor Services and its associated Malaysian centre of excellence. This would include custody, global custody FX, fund administration, transfer agency, middle…
CIBC Mellon wins First Nations mandate
CIBC Mellon has been selected to provide asset servicing to the First Nations Market Housing Fund (FNMHF), including institutional accounting, custody services, and investment information data access via the enterprise NEXEN platform. FNMHF was developed with input from First Nations communities and organisations across Canada to support financing arrangements for housing on reserve and settlement…
Herakles appoints Apex
Herakles Investment Partners, a U.S.-based private equity investor, has appointed Apex to provide fund administration services. Herakles is focused on investing in both private and public upper mid-market Sub-Saharan African companies.
Vistra hires in Luxembourg
Vistra, the Singapore-based administrator, has appointed Philippe Lanciers as commercial director for Luxembourg. He joins from Arendt Regulatory & Consulting.
Standard Custody adds to board
Standard Custody & Trust Co., the digital asset custodian owned by PolySign, has appointed Matthew Homer to its board of directors. Homer was the inaugural executive deputy superintendent for the research and innovation division at the New York Department of Financial Services (NYDFS), where his responsibilities included cryptocurrency and digital assets.
Deutsche Bank claims first in China
Deutsche Bank claims that it has struck its first local fund custody deal in China with an unnamed client. The mandate is to provide custody services for a Chinese fund management company to facilitate its QDII investment. Deutsche Bank says it acts as both local custodian in China as well as offshore custodian for this…
JTC Americas to support new EB-5 fund
Western Energy Regional Center (WERC) has appointed JTC Americas to provide services to support its second EB-5 offering, Western Energy Opportunities II. Since its inception in 2016, WERC has provided a platform for participants in the U.S. Immigrant Investor Program under the Employment-Based Preference 5 (EB-5) program, with a focus on oil and gas projects.…