Ultimus Fund Solutions, an independent provider of fund administration, accounting, and investor solutions, has hired Frank Anduiza as head of private fund sales for Ultimus LeverPoint, the firm’s private fund administration services business. Anduiza joins from BNY Mellon, where he was head of U.S. business development for the alternative investment management sector.
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Hillman moves USD176m value fund to SS&C ALPS Series Trust
Hillman Capital Management, a U.S.-based equity manager, has transitioned its Hillman Value Fund (HCMAX) to SS&C ALPS Series Trust. SS&C ALPS Registered Fund Services will administer the USD176m fund. The SS&C ALPS Series Trust platform provides a front-to-back solution for asset managers and fund issuers. The turn-key service model includes compliance, creative Web services, distribution…
Intertrust appoints Aileen Gillan as CRO
Intertrust Group has appointed Aileen Gillan as chief risk officer. Based in London, she reports to Shankar Iyer, CEO. Gillan was chief risk officer at Metro Bank.
Banque de France completes digital currency test
In partnership with the European Investment Bank and Société Générale – FORGE, Banque de France has completed an experiment on the use of a central bank digital currency (CBDC) for settling digital bonds issued by the EIB through blockchain. The experiment consisted of the subscription to EIB-issued digital bonds by investors, for a total amount…
Northern Trust to administer new USD9bn Coller Capital PE fund
Coller Capital, a UK-based investor in the private equity secondary market, has launched a USD9bn fund, Coller International Partners VIII. Investor support came from over 200 of the world’s leading institutional investors. Northern Trust, which has a 25-year relationship with Coller Capital, has been appointed to provide fund administration, banking and depositary services for the…
HWM acquires KOGER
HWM Group, a Dublin-based investor services and regulatory solutions provider to alternative and retail fund administrators, has acquired the assets of KOGER, Inc., a U.S.-based fintech. Lovell Minnick Partners, LLC, a private equity firm focused on investments in financial services, fintech and related business services, funded the KOGER asset acquisition and has taken a majority…
U.S. Bank launches services for SPACs
U.S. Bank has launched a range of services for sponsors of special purpose acquisition companies (SPACs), including: Establishing a special-purpose segregated trust account to hold SPAC proceeds; Holding, investing and disbursing of funds in accordance with a trust agreement; Providing statements and secure online reporting of account holdings and activity; Maintaining investment books and records;…
Apex launches Australian tax services through Throgmorton
Apex has launched tax services in Australia, delivered via subsidiary Throgmorton. Throgmorton Australia Pty Ltd. is now a registered tax agent & ASIC agent, providing locally delivered tax compliance services in addition to accounting, HR, payroll, and company secretarial services to Australian clients.
Fidelity launches agency lending platform
Fidelity Investments, which has AuM of USD10.3trn, has launched Fidelity Agency Lending, a digital platform that manages all aspects of securities lending for asset managers and other institutions. Fidelity Agency Lending has been a securities lending agent for the Fidelity mutual funds since 2019 and is currently responsible for more than USD2trn in assets.
State Street appoints Aman Thind as global chief architect
State Street has appointed Aman Thind to executive vice president and global chief architect, reporting to Brian Franz, global chief information officer. Thind is responsible for designing the strategy and driving implementation of State Street’s technology transformation and interoperable infrastructure. He will also play an integral role in advancing the company’s technology innovation, including building…