IQ-EQ, the investor services provider based in Luxembourg, has rebranded its U.S.-based group companies – Blue River Partners LLC, Constellation Advisers LLC, Concord Trust Company, and Greyline Partners LLC – as IQ-EQ. IQ-EQ’s total U.S. headcount now surpasses 550, with plans to increase its U.S. headcount in 2022. IQ-EQ’s current U.S. footprint includes 10 offices…
Richard
Confluence adds CRO & CCO
Confluence, the U.S.-based technology solutions provider focused on the investment management industry, has hired Chris Riggio as chief revenue officer (CRO) and Phillipa McLune as chief client officer (CCO). Riggio is responsible for all sales and marketing strategies across all of Confluence’s products and services, and McLune is responsible for client success across all professional…
Krypton hires new head of PE
Krypton Fund Services, a Bermuda-based administrator, has hired David Rourke as head of private equity, based in Bermuda. He was previously Bermuda COO for IQ-EQ.
KBA appoints new head of Malta
KB Associates has appointed Bjorn Grech as CEO of the KB Associates MiFID firm in Malta. He joins from Altarius, a Maltese fund solutions provider. Ireland-headquartered KBA is in the process of being acquired by the UK’s Waystone Group.
FundGuard closes USD40m funding round
FundGuard, the AI-powered SaaS investment management and asset servicing enterprise platform, has closed a USD40m Series B funding round. The investment round included large strategic investors, Citi and State Street, who joined initial investors Blumberg Capital, LionBird Ventures, and Team8 Capital, inter alia, to back the company’s future-ready technology approach to asset servicing. This latest…
RBC wins ETF mandate for Evermore
RBC Investor & Treasury Services has been named custodian by Evermore Capital Inc. for Canada’s first target date ETFs, eight of which were launched in February. RBC I&TS will also provide ETF accounting and administration services. This is a new relationship with Evermore, a Canadian asset management company currently focused on retirement ETFs. Myron Genyk,…
State Street hires new head of global clients division
State Street has appointed Michael Knowling to head of its global clients division (GCD). Knowling will report jointly to Joerg Ambrosius and Chris Coleman. In this role, Knowling will manage a team of senior client executives, global relationship managers, and client analysts as part of State Street’s client coverage model focused on delivering cross-enterprise solutions…
Sudrania hires SVP of client success
Rob Naka has joined Sudrania Fund Services as SVP of client success. He will lead client advocacy, a service escalation point and consultancy resource for clients. Prior to joining Sudrania, Naka served as COO at Altegris/Artivest where he was responsible for the operational infrastructure of systems, processes, and personnel.
Convergence acquires DNA
Convergence Inc. has acquired Double N Advisers, LLC (DNA). Carl Versella, DNA’s founder & CEO, will assume the role of managing director to lead its capital markets segment and its management consulting practice. DNA is an independent management consulting firm that delivers operations and business strategy to financial services companies and their service providers. Services…
LGL to deploy Allvue solutions
LGL Group, the C.I.-based provider of alternative fund, corporate, and family office services, has selected Allvue Systems, a provider of technology solutions for the alternative investments sector, to provide its fund accounting and investor portal platforms to support its fund administration business. Based in the U.S., Allvue was established in 2019 through the merger of…