The Maples Group has appointed Jorge Pérez Lozano as head of fiduciary services in Luxembourg. He joins from Amicorp, where he was COO. Regulated by the CSSF, the group’s Luxembourg office provides fiduciary, fund and entity formation and management services to a range of Luxembourg vehicles and clients, including corporations, banks, and structured finance arrangers,…
Richard
Galaxy to acquire GK8
Galaxy Digital Holdings Ltd., a financial services and investment management provider in the digital asset, cryptocurrency, and blockchain technology sectors, intends to acquire GK8, a secure institutional digital asset self-custody platform. The acquisition will be the result of a sale process executed in connection with Celsius Network LLC‘s Chapter 11 bankruptcy and is subject to…
Phoenix American wins RE mandate
Ashford Inc., a U.S.-based real estate investment fund sponsor, has appointed Phoenix American to provide agent and back-office operational services.
Blume appoints IQ-EQ
Blume Equity, a European climate-tech growth investor, has appointed IQ-EQ to support its maiden fund launch. IQ-EQ Luxembourg will support the new fund with administration, depositary and ManCo services under AIFMD. The team will also provide the GP with a range of corporate services. In addition, IQ-EQ’s UK business is providing regulatory hosting services.
Accelex partners with qashqade
Accelex, a SaaS platform provider specialising in alternative investment data management, has established a partnership with qashqade, a Switzerland-based software solution provider that enables private capital allocators and asset servicers to automate their waterfall and valuations workflows. The partnership will allow clients of both firms to leverage an end-to-end solution, from the automated extraction of…
DWS moves ETFs to Clearstream
DWS, Germany’s largest retail asset manager, has migrated its Xtracker I and II range of ETFs to an international issuance and settlement structure through Clearstream. Xtrackers are DWS’s range of ETFs ad ETCs listed across 11 exchanges, covering core benchmarks, ESG, emerging markets, currencies, strategic beta and commodities.
The Song Remains the Same (2022 Remix)
BBH is back in the game, after a good deal was killed by dumb regulators. In 1996, The Bank of New York made an audacious, and doomed, bid to take over State Street. It was not BNY’s finest hour. Its C-suite executives had completely misread the resolve of State Street’s board, senior management team and…
State Street and BBH call off deal
State Street and Brown Brothers Harriman have agreed to terminate State Street’s proposed acquisition of BBH’s investor services business. In a statement, State Street said: “After consideration of both regulatory feedback and potential transaction modifications to address that feedback, State Street has determined that the regulatory path forward would involve further delays, and all necessary…
Northern Trust partners with Saphyre
Northern Trust and Saphyre have automated the account opening process for clients of Northern Trust’s investment operations outsourcing business. The two firms collaborated on the solution, which provides a dynamic middle-office function to increase transparency and efficiency for events including account setup, account maintenance and asset transfer requests.
Napier expands to Japan
Napier, the UK-based financial crime fintech, has struck a partnership with GRCS, a Japan-based firm, to make Napier Continuum, its end-to-end financial crime risk management platform, available in the Japanese market. GRCS provides expertise and solutions in governance, risk management, compliance, and security to regulated Japanese firms. The partnership with Napier will see GRCS reselling,…