Saltgate, the C.I.-based fund administrator that has USD100bn AuA, has appointed Nadja Borges as its chief innovation officer, a newly created role. She reports to the group CEO, Simon Riley. Before joining, Borges worked for more than 10 years as a client to Saltgate, first at the private equity firms Akina and Unigestion, then at…
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Franklin Templeton outsources TA
Franklin Templeton, the U.S.-based investment management firm that manages USD1.56trn in assets globally, has agreed with FIS, the U.S. based fintech, that FIS will assume operation of Franklin Templeton’s global TA function as a sub-agent or delegate, depending on the jurisdiction. All Franklin Templeton TA employees affected by this change will be given job opportunities.…
BP2S supports First Plus for VCC funds
BNP Paribas Securities Services has been selected by First Plus Asset Management to provide fund administration services for funds using Singapore’s variable capital company (VCC) structure. As part of the mandate, BP2S will provide First Plus with global custody, hedge fund administration and investor services for its Asia Opportunity Fund and Asia Special Situation Fund…
Crestbridge hires new head of UK funds
Crestbridge, the C.I.-based private markets administrator, has appointed Cheryl Bai as director, head of funds UK. She will lead the UK funds team and contribute to the development of Crestbridge’s UK private equity and real estate fund services proposition. She joins from SS&C GlobeOp.
Sanne hires new head of NA hedge
Sanne, the UK-listed provider of alternative asset and corporate business services, has appointed Adrian Bedoya as director, hedge – North America. He will lead Sanne’s hedge business and grow the product offering across North America. He joins from Virtus by FIS, where he was head of portfolio accounting.
State Street partners with RIMES
State Street has struck a deal with RIMES, the U.S.-based data partner for asset managers, asset owners, and service providers, to enhance State Street Alpha, its front-to-back solution. Through this partnership, State Street Alpha clients will benefit from RIMES’ expertise and experience with the global index provider marketplace, leveraging its operational capabilities and infrastructure. This…
Northern Trust partners with Snowflake
Northern Trust and Equity Data Science (EDS), in which Northern Trust has a strategic stake, have collaborated with Snowflake, the data cloud company, to enhance secure data sharing and onboarding for asset servicing clients using Northern’s Investment Data Science capabilities. Leveraging Snowflake’s data-sharing and cloud technology, Northern Trust and EDS can provide a better, faster…
Sanne hires new NA bus dev director
Sanne, the UK-listed administrator, has appointed Darrell Pisarra as director, business development – North America. Prior to joining Sanne he was at SS&C Technologies. Sanne recently lost Marta Ciemiega, a U.S. business development director, who moved to Crestbridge.
Apex gets green light for GIFT City
Apex has become one of the first global fund administrators to receive regulatory approval to operate in India’s Gujarat International Finance Tec-City (GIFT City) International Financial Centre. GIFT City is a planned IFSC which is being developed as a global financial and IT services hub, the first of its kind in India. With this latest…
Fred Perard joins SuisseTechPartners
Frédéric (Fred) Perard has joined SuisseTechPartners as head of Europe. STP is a fintech company providing front-, middle- and back-office solutions with a portfolio management system called PMplus. Perard left BNP Paribas Securities Services in 2020, where he was most recently head of Luxembourg and the international financial centres. He will remain in Luxembourg.