IQ-EQ, the Luxembourg-based provider of fund and corporate services, has named Matt Okolita as global head of outsourced business services. Okolita previously led Greyline Partners LLC, a regulatory, compliance and governance consultancy which was acquired by IQ-EQ in 2021. Okolita will report to Mark Fordyce, regional CEO, Americas, and will join the IQ-EQ U.S. executive…
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MUFG forms consulting practice
MUFG Investor Services has launched a business consulting group. The group will be led by Brian Yegidis, most recently the head of prime services hedge fund consulting for the Americas at Credit Suisse. Joining him will be Caley Watnick, also from Credit Suisse, where she was an associate in prime consulting. Based in New York,…
Charles River partners with LedgerEdge
Charles River Development, a State Street company, has partnered with LedgerEdge to provide investment managers with access to corporate bond liquidity from the LedgerEdge ecosystem through the Charles River inventory hub and order and execution management system (OEMS). LedgerEdge uses DLT to modernise institutional-grade trading services and protocols. Charles River’s inventory hub delivers an aggregated,…
Apex acquires Indian administrator
Apex Group has acquired BEST Alternative Advisory Services, an India-based financial services provider. BEST will add AuA of USD30bn to the Apex Group, and an additional 35 employees based in Mumbai, India. BEST delivers fund services for open and closed-ended fund client profiles including private equity, fund of funds, mutual funds, managed accounts and hedge…
Ultimus reports major ETF growth
Ultimus Fund Solutions, a U.S.-based independent provider of fund administration, accounting and investor solutions, has reported a nearly 150pct increase in the number of ETFs serviced since 2020. Ultimus now claims to be the third largest named ETF administrator in the U.S., based on the number of ETF sponsors it supports.
SGSS expands in Africa
Société Générale Securities Services has expanded its securities custody offering in Africa to include Ghana. SGSS already offers custody services from the West African Economic and Monetary Union (WAEMU) from Côte d’Ivoire, the Economic and Monetary Community of Central Africa (CEMAC) from Cameroon, as well as from Morocco and Tunisia.
AssetMetrix hires in UK
AssetMetrix, the Germany-based fintech, has appointed Clifford Norton as head of business development for the UK & Ireland. Norton was previously at Allvue Systems.
Michael Oliver joins Siepe
Michael Oliver has joined Siepe, a U.S.-based provider of technology, data and analytics for asset managers. He will be director of sales for middle-office services. Oliver spent 20 years at U.S. Bank, most recently in the corporate trust business.
Gareth McKeon joins Gen II
Gareth McKeon has joined Gen II Fund Services in Luxembourg. He was previously at State Street. Gen II is thought to be the largest independent private capital administrator, with USD650bn AuA.
BNY Mellon selects ALTO* for control & compliance
BNY Mellon has chosen Amundi Technology and its ALTO* platform to deliver trustee controls and compliance monitoring for depositary and fund administration functions. The solution will be deployed across BNY Mellon global operations. ALTO* Investment Compliance is a component of the ALTO* Asset Servicing, part of Amundi’s ALTO* (Amundi Leading Technology and Operations) portfolio management…