Gen II Fund Services, the U.S.-based alternative fund administrator, has chosen NTT Ltd., a global technology services provider, as its managed cloud services provider to accelerate its digital transformation journey. The multi-year agreement will consolidate Gen II’s cloud support and security desks, providing the firm and its clients with enhanced efficiency, security, and scalability in…

HSBC has been appointed by ETF Securities for middle office, custody and fund administration services for its range of equity products. ETF Securities is Australia’s oldest independent provider of ETFs and has maintained a track record of market innovation since launching the world’s first gold-backed ETF in 2003.

RBC Investor & Treasury Services has appointed David Giannone as global head of business development and a member of the executive operating committee. In this newly created role, he will lead RBC I&TS’ global sales force. Prior to this appointment, Giannone was managing director and head of U.S. for RBC I&TS. He will continue to…

Next Gate Tech, the Luxembourg-based fintech provider for the asset management sector, has completed a new EUR5m fund raising round, led by NewAlpha Asset Management, alongside Volta Ventures and Seed X, with the continued support of all existing stakeholders, including Expon Capital, MiddleGame Ventures and SeederFund. This new round of financing will support the company’s…

SEI, the U.S.-based provider of investment processing, operations, and asset management, is launching an enhanced voluntary separation program to long-tenured employees as part of its commitment to professional development and expanded responsibilities for current and new talent by increasing advancement opportunities. The VSP is available for eligible employees in the U.S. who meet the long-term…

ZEDRA, the provider of corporate and fund services, is to acquire AlleyBe, a Maltese corporate service provider, trustee and virtual financial asset (VFA) agent. The acquisition will add 25 new team members to ZEDRA’s existing business in Malta.