CACEIS has been selected by Fondazione Golinelli, Fondazione di Sardegna and Antonio Falcone as custodian and fund administrator for the Utopia project, the first simple investment company (SIS) to commence activity in Italy.
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Hill Country appoints Arcesium/J.P. Morgan
Hill Country Asset Management, a U.S.-based alternatives manager, has appointed Arcesium LLC, a financial technology and professional services firm, to deploy Arcesium’s joint offering with J.P. Morgan’s Securities Services. Arcesium will provide technology and services for enterprise data management, internal books and records, reconciliation, and treasury workflows, and J.P. Morgan will act as Hill Country’s…
GSAM appoints Enfusion for AIMS business
Goldman Sachs Asset Management’s alternative investments & manager selection business (AIMS), has appointed Enfusion, a U.S.-based fintech focused on the investment management sector, to provide investment management technology solutions and middle- and back-office managed services. Enfusion created a customised solution via API so that AIMS can import data into the Enfusion platform in real-time, providing…
CIBC Mellon to support first JSPP in Ontario
CIBC Mellon has been selected to provide asset servicing, investment operations and plan member services for the University Pension Plan Ontario (UPP), including custody, institutional accounting, performance and analytics, risk, compliance and pension benefit payment services. UPP is a jointly sponsored pension plan (JSPP) designed to help bring enhanced retirement security to current and future…
Integral appoints Apex for new PE fund
Integral Group, a Japanese private equity manager, has appointed Apex to provide fund administration and regulatory services to its Fund IV Cayman LP, which held its final closing at its hard cap of JPY123.8bn (USD1.1bn).
CHANGING LANES – Custody banks are still big players in the M&A space – it’s just their focus that has changed.
Who remembers when The Bank of New York bought a 4.9pct stake in what was then KAS-Associate in 2001? At a time when BNY was buying almost indiscriminately, it looked as if KAS would be yet another deal. But it didn’t turn out that way, and KAS had to wait until 2019 to be rescued…
MJ Hudson to acquire SCFS in Guernsey
MJ Hudson, the UK-based asset management consultancy, has agreed to acquire Guernsey-based Saffery Champness Fund Services Limited (SCFS) from accountancy group Saffery Champness, subject to Guernsey FSC approval. SCFS has c. GBP400m AuA. Earlier this year MJ Hudson acquired Ireland-based Bridge Group, a super ManCo.
Ocorian appoints new head of U.S. business development
Ocorian, the C.I.-based administrator, has appointed Marc van Rijckevorsel as head of business development for corporate and fund services in the U.S. Based in New York, he reports to Simon Behan, chief commercial officer. He was previously at Intertrust, where he was most recently responsible for business development and global client relationship management in the…
IQ-EQ to buy Davy Global Fund Management in Ireland
IQ-EQ, the Luxembourg-based administrator, is to acquire Davy Global Fund Management, part of Davy Group, one of Ireland’s largest domestic financial services businesses. The transaction, which is subject to regulatory approval, is expected to close by the end of 2021, following which DGFM will rebrand to IQ-EQ. Formed in 2014, DGFM employs 83 people: 68…
Equiom launches in Ireland
Equiom, the UK-based administrator, has launched Equiom Fund Solutions Ireland Limited, having announced its Irish-domiciled Super ManCo to service AIF and UCITS funds earlier this year.