Mainstream Fund Services, the Australian administrator that is in the process of being acquired by Apex, has selected Harmonate to provide private capital data operations. Texas-based Harmonate will support the automation of document and data processing and intelligence.
Richard
Equity Trustees appointed as RE for new ‘deep green’ fund
Equity Trustees has been appointed as a responsible entity (trustee) for Haven Wealth Partners, which has launched its first fund in the Australian market with a focus on ‘deep green’ ethical investing. The Haven Wealth Partners Ethical Absolute Return Fund is a value-focused ethical absolute return fund, which applies stringent positive and negative screens to…
You Might Think – State Street & BBH are more compatible than you might think.
Well, that didn’t age well. Barely a month after I argued that BBH’s investor services business should remain independent, it goes and does a USD3.5bn deal with State Street. Whilst the counterparties might hope that I would entitle this article “Stairway to Heaven”, it’s probably fairer to call it “You Might Think”, and here’s why.…
Apex to service Masdar Green REIT
Apex has been appointed as fund administrator of the Masdar Green REIT, the first REIT in the Middle East region to invest solely in sustainable real estate assets. The fund is managed by Masdar Capital Management Limited, a manager incorporated in the Abu Dhabi Global Market. The REIT’s portfolio is currently comprised of four commercial…
FundRock launches ADGM ManCo
FundRock, an Apex subsidiary that provides third-party UCITS ManCo and AIFM services, has launched FundRock (ME) Ltd. in the Abu Dhabi Global Market, following full regulatory approval by the ADGM Financial Services Regulatory Authority. FundRock ME will offer a ManCo for Qualified Investor Funds and Exempt Funds in the ADGM.
Suntera to acquire NeoTrust in Lux
Suntera Global, the Isle of Man-based administrator, has made its second Luxembourg acquisition of the year. Following the acquisition of Reference Financial Services SA (Luxembourg), Suntera has now signed an agreement to acquire NeoTrust Fiduciary Luxembourg SARL, a fund and corporate services firm. With a team of 14 in Luxembourg, NeoTrust provides services to private…
Goal appoints Daron Pearce as EMEA ambassador
Goal Group, the UK-based specialist in withholding tax reclaims and securities class actions recoveries, has appointed Daron Pearce as brand ambassador for its EMEA region. Pearce, who established his own consultancy earlier this year after leaving BNY Mellon, will help to promote Goal and its services to prospective clients, including large asset managers, pension funds…
State Street to buy BBH’s investor services business for USD3.5bn
State Street and Brown Brothers Harriman & Co. have entered into a definitive agreement for State Street to acquire BBH’s Investor Services business, including its custody, accounting, fund administration, global markets and technology services, for USD3.5bn in cash. Following the transaction, BBH will continue to independently own and operate its separate private banking and investment…
SGSS to act as depositary for new fund from SWEN
SWEN Capital Partners, a France-based provider of unlisted sustainable investment solutions, has launched its second European impact fund, Blue Ocean. The fund aims to raise EUR120m (USD143m). SGSS has been appointed as the fund’s depositary.
Sanne appoints new head of Singapore
Sanne, the UK-listed provider of fund and corporate services that is currently the subject of a takeover bid by Apex, has appointed Tervinder Chal as country head of Singapore. He replaces David Fowler, who recently relocated to Sanne’s London office to become global head of private equity. Chal was previously head of APAC fund operations…