Apex plans to acquire ZASMalta, a specialist provider of regulatory compliance and risk management services. Malta-based ZAS provides regulatory compliance and risk management, reporting and internal audit services to USD20bn of assets across 50 clients. The acquisition will expand Apex’s presence in the Malta market where the group has been actively involved in the funds…
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Suntera appoints MD of C.I.
Suntera Global, the UK-based provider, has appointed Dan Bisson as managing director of its operations in the Channel Islands. He will oversee operations in both Jersey and Guernsey, leading a 130-strong team delivering a range of private wealth, fund and corporate services. Prior to his new role, Bisson was the managing director of Nedgroup Trust,…
Wilmington Trust selects Northern Trust for CIT servicing
Northern Trust has been selected by Wilmington Trust, N.A. to provide custody, fund accounting, fund administration, fund-of-fund administration, and transfer agency services for collective investment trust (CIT) funds with approximately USD90bn in total balances. Rob Barnett, EVP and head of intermediary sales at Wilmington Trust, said: “CITs continue to be an increasingly popular investment vehicle…
Apex to administer ETFs for 3iQ
Apex has been appointed as administrator by 3iQ Digital Asset Management, Canada’s largest digital asset investment fund manager that offers investors investment products to gain exposure to digital assets. Founded in 2012, 3iQ is Canada’s largest digital asset investment fund manager with more than CAD1.8bn (USD1.4bn) AuM. New funds, 3iQ CoinShares Bitcoin Feeder ETF and…
NatWest wins UK depositary mandate for JLEN
NatWest Trustee and Depositary Services has been appointed as the UK depositary for JLEN Environmental Assets Group Limited. JLEN is a Guernsey incorporated, London listed investment company, managing a diversified portfolio of environmental infrastructure projects and assets in the UK and Europe, including wind, solar, hydro, anaerobic digestion, waste & wastewater, and other low carbon…
Ultimus hires Sean McLean
Ultimus Fund Solutions, a U.S.-based independent provider of private equity fund administration, accounting, and investor solutions, has hired Sean McLean as senior vice president, retail alternative fund services. McLean will lead the fund accounting group that services Ultimus’ retail alternative fund business, which includes interval funds, tender offer funds, and business development companies. He reports…
FundRock opens in Amsterdam
FundRock, the Apex-owned UCITS ManCo and AIFM provider, has opened an office in the Netherlands for its subsidiary, FundRock Distribution S.A.
Odyssey hires head of sales & marketing
Odyssey Trust Company, the Canada-based trust and transfer agency provider, has hired Sarah Gilroy as its executive vice president, sales and marketing. Gilroy was previously vice president, business development at Computershare.
Gen II partners with NTT
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…
BNY Mellon hires senior RM from BBH
Jennifer Muzerall has joined the BNY Mellon relationship management team in the U.S. She was previously at Brown Brothers Harriman.