Marketnode, the Singapore-based joint venture between Temasek and SGX, has launched Fundnode, an industry-wide investment funds utility using distributed ledger technology. Fundnode will begin by streamlining fund processes, facilitating simplified subscription, redemption, and record-keeping workflows for funds offered to retail investors (Authorised Collective Investment Schemes). Pilot phase participants of Fundnode will include fund distributors, fund…
Richard
Apex to acquire Mainspring
Apex has announced plans to acquire Mainspring, a UK-based provider of venture capital fund administration and accounting services. Mainspring provides outsourced administration and accounting services to small and medium-sized venture fund managers in the UK. Mainspring also operates an FCA-regulated custody business for fund managers offering managed account investments such as EIS funds. Mainspring has…
EFA wins French mandate
EFA, the Luxembourg-based administrator that is being acquired by Universal Investment, has been appointed by Beauvau Capital for administration and accounting for its OPPCI JEC One fund. The investment policy of the JEC One Fund is to invest mainly in commercial assets in France.
BNY Mellon adds tax talent
Lars Heise has joined BNY Mellon as global head of fund tax services, based in the U.S. He was previously at J.P. Morgan. BNY Mellon recently entered into a multi-year licensing agreement to adopt the Xceptor tax platform. In 2021, BNY Mellon substantially bolstered its global tax team, hiring Liam Stanbridge from State Street as…
Aztec supports Romanian fund
Aztec, the C.I.-based investor services provider, has supported Catalyst Romania on its fund-raising for Fund II, supported by 3TS Capital Partners and established with the lead investor, European Investment Fund. The fund reached its hard cap and will provide investments of EUR 1-3m to high-potential technology SMEs from Romania and South-Eastern Europe.
Crestbridge hires Victoria Harvey
Victoria Harvey has joined Crestbridge as associate director, regulated services UK. Based in London, Harvey works with the UK regulated services team to provide a range of FCA-compliant services. Her responsibilities include delivery of Crestbridge’s cash monitoring, asset safekeeping and oversight activities for a portfolio of alternative investment fund clients, including limited partnerships, exempt unit…
Laurent Born joins BNY Mellon in Lux
Laurent Born has joined BNY Mellon as head of depositary bank services in Luxembourg. He previously spent more than 17 years at RBC Investor & Treasury Services. His appointment follows the recent announcement that Brenda Bol had been appointed as the new branch manager for BNY Mellon in Luxembourg.
Ultimus hires industry veteran for RM role
Ultimus Fund Solutions, an independent provider of fund administration and investor solutions with USD400bn AuA, has hired Shannon Thibeaux-Burgess as an SVP in the relationship management team. Thibeaux-Burgess most recently served as head of regulatory services at J.P. Morgan. Prior to that, she was chief administrative officer on the fund administration legal team at State…
Great Lakes wins new PE client
Great Lakes Fund Solutions, Inc., a U.S.-based administrator and transfer agent for retail alternative investment fund sponsors, has been appointed by Houston-based Donovan Ventures to provide an outsourced investor services back office to each fund program. Donovan provides up to USD20m in growth capital to lower middle-market energy companies through dedicated private equity investment funds.
JTC hires senior funds director for Ireland
JTC, the C.I.-based professional services provider, has hired John Collins as senior director – funds, following the launch of its fund administration service in Ireland. He will operate from JTC’s offices in Dublin and London to lead the growth of the Irish fund administration service which was launched at the beginning of August. Collins was…