Cinzia Ereddia has joined Intertrust in Luxembourg as deputy head of depositary. She was previously at Apex-owned European Depositary Bank.
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Challenger & SimCorp to launch new business in Australia
Challenger, an Australian investment management firm, and SimCorp, a provider of SaaS investment management solutions, have signed a non-binding memorandum of understanding in relation to a strategic partnership to launch a new stand-alone company. The business will provide investment administration services to Challenger, Fidante Partners and third-party clients. As part of the agreement, Challenger will…
CFT ETF platform links issuers with service providers
Consortio Funds Trust, a start-up platform, has assembled a group of leading service providers from across the ETF industry. The providers aim to help create and grow ETFs, providing an integrated, cost-effective, and turnkey solution to support ETF sponsors in planning, launching, operating, and growing their exchange-traded products. CFT is designed to be a collaborative…
Mark England to run Citi’s ANZ securities services business
Citi has appointed Mark England as head of securities services for Australia and New Zealand. He replaces Martin Carpenter, who retires after 13 years in the role. England, who is currently based in Hong Kong as head of custody & fund services sales for Asia Pacific, will relocate to Australia. He will retain his existing…
Crestbridge restructures in Bahrain
Crestbridge, the C.I.-based administrator, has restructured its Bahrain business, separating its trustee and fund administration businesses: Crestbridge Bahrain BSC and Crestbridge Funds Services W.L.L. respectively. Crestbridge has been granted a new fund administration licence by the Central Bank of Bahrain to continue its fund administration operation. Crestbridge has administered funds and provided administration and operational…
Ocorian hires BD director for Newgate
Ocorian, the C.I.-based provider of fund administration, corporate and fiduciary services, has appointed London-based Ricky Popat as business development director, regulatory, compliance & legal. He will work with Newgate, Ocorian’s regulatory services arm, as part of the group’s commercial function led by Simon Behan, chief commercial officer. Popat joins from Quantifi.
AGAINST THE WIND? Private markets will be transformed by tokenisation. Are administrators ready?
Here’s a news story you might have missed: “The Royal Museum of Fine Arts Antwerp (KMSKA) is the first European museum to tokenize a masterpiece to democratize art investment. In partnership with Rubey and Tokeny, KMSKA has leveraged the legal, marketing and technological expertise of both teams to launch its compliant ERC-3643 based security token…
Zodia Custody links to Fireblocks
Zodia Custody, the UK-based crypto asset servicing provider for institutional investors, has established a deal with Fireblocks, the U.S.-based provider of digital asset and crypto technology, to enhance Zodia’s’s connectivity offering and give institutional investors direct access to the Fireblocks network, a global crypto capital markets gateway. The integration will allow Zodia’s institutional clients to…
Apex to provide pro-bono services to Greater Share
Apex is to provide its single-source solution, on a pro-bono basis, to Greater Share, an innovative philanthropic investment platform working to close the education gap and enact measurable change on children’s lives across the world. Apex and its subsidiaries will deliver corporate services, fund administration, transfer agency and banking services to Greater Share, which aims…
BNY Mellon veteran to head EDB
David Claus is to become the new CEO of European Depositary Bank, which has been owned by Apex since 2017. The Luxembourg-based bank provides depositary services for >USD300bn of client assets. Claus will join from BNY Mellon, where he spent more than 20 years, most recently as head of Luxembourg.