George Acosta has joined Sudrania Fund Services as SVP, real estate fund administration, based in New York. He was previously at BNY Mellon.
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IQ-EQ appoints new compliance chief
IQ-EQ has appointed Tasnoova Zaki as group head of compliance, a newly created role. She will report directly to David Wild, IQ-EQ’s group chief risk officer.
Commerz Real hires new Luxembourg head
Commerz Real, a subsidiary of Commerzbank specialising in real estate, has appointed Dirk Holz to head its Luxembourg business. He succeeds Jan-Peter Müller. Holz joins from RBC, where he was head of product management for private capital services.
ZEDRA acquires in Jersey
ZEDRA, the Switzerland-based provider of corporate services, wealth and fund solutions, plans to acquire BNP Paribas Jersey Trust Corporation Limited. The transaction is subject to regulatory approval. The trust company offers trustee and fiduciary services to its clients. The firm also has over a decade of experience providing trustee services to private equity and real…
Deutsche Börse to acquire Kneip
Deutsche Börse Group is expanding its offering in the data services space by acquiring Kneip Communication S.A., a leading European fund data specialist. The companies have reached an agreement through which Deutsche Börse will acquire 100pct of the Luxembourg-based fund data manager. Further terms of the transaction were not disclosed. The transaction is expected to…
State Street links to Pirum
State Street has integrated its Collateral+ platform with Pirum’s CollateralConnect service to support mutual clients with collateral management and optimisation. This collaboration builds on a series of investments in the Collateral+ suite, which was recently expanded to include a tri-party service, which enables buy-side firms to optimise collateral usage and efficiency when posting margin to…
CBI fines BNY Mellon EUR10.78m
The Central Bank of Ireland has reprimanded and fined BNY Mellon Fund Services (Ireland) DAC EUR10.78m (USD11.8m) for 16 regulatory breaches relating to the outsourcing of fund administration. In a statement, CBI said: “The 16 breaches arose because of BNY DAC’s failure: to have in place an adequate outsourcing governance framework; to comply with its…
Apex appoints head of U.S.
Apex Group has appointed Krishna Prasad as head of U.S. Based in New York, Prasad will report to Georges Archibald, managing director of Americas. He was previously an independent consultant.
Crestbridge hires new head of UK RE
Crestbridge, the C.I.-based administration solutions provider, has appointed Barry Hindmarch as director and head of real estate – UK. He joins from Apex.
Charles River expands wealth management offering
Charles River Development, a State Street company, has established a strategic partnership with Advisor360°, a wealth management software company. The ability for mutual clients to leverage the capabilities of both firms aims to create an innovative and differentiated wealth management solution for the industry. John Plansky, head of State Street Alpha, said: “This partnership signals…