U.S. Bank has launched an end-to-end solution for Irish Limited Partnership (ILP) funds, covering loan administration, fund and investor services, depositary, custody and account banking. U.S. Bank has established a comprehensive ILP solution across its global fund services, depositary services and global corporate trust business lines. U.S. Bank is understood to have secured its first…
Richard
BNP Paribas strikes deal with Clarity AI
BNP Paribas Securities Services has formed a partnership with Clarity AI, a sustainability data science and technology company. Through its Manaos platform, BNP Paribas clients can access Clarity AI’s universe of sustainability data and insights. Manaos enables institutional investors to store their fund data on a single platform to obtain a comprehensive and transparent view…
Crestbridge hires Carol Ann Rotsey as governance services director
Crestbridge, the C.I.-based administrator, has appointed Carol Ann Rotsey as governance services director. She will provide independent director services to a range of UK fund and corporate structures. She will also oversee the administration and client service team in Crestbridge’s London office. Prior to joining Crestbridge, Rotsey was the executive director and the head of…
Sanne secures depositary licence in Ireland
Sanne, the UK-listed provider of alternative asset and corporate administration services, has secured a specialised depositary licence from the Central Bank of Ireland. Sanne Depositary Services Ireland Ltd is now licensed to provide depositary services to collective investment schemes in compliance with all AIFMD obligations.
Euroclear to acquire MFEX
Euroclear has agreed to acquire MFEX Group, the global digital fund distribution platform that is majority owned by Nordic Capital. Established in 1999, the MFEX Group is headquartered in Stockholm with over 300 employees internationally. MFEX offers a complete solution for fund companies and distributors and has EUR320bn AuA. Over 350 institutional clients use MFEX…
Reichmuth appoints AssetMetrix for digital reporting
Reichmuth & Co Investment Management AG, a subsidiary of the Swiss owner-managed private banking group Reichmuth & Co, has appointed AssetMetrix, the Germany-based specialist asset servicer, as a partner for the digitalisation of its infrastructure activities. Services include tools for performance, risk management, benchmarking as well as cash flow and performance forecasts. In addition, clients…
ZEDRA to acquire BIL’s BFCS fund business
ZEDRA, the Cayman-based fund services provider, plans to acquire BFCS, the fund and corporate services arm of Banque Internationale à Luxembourg (BIL). The transaction is subject to regulatory approval from Luxembourg’s financial regulator, CSSF. BFCS, which has been active for more than 50 years, offers services and solutions in both the corporate and funds’ sector,…
JTC to service Resolute’s two new Guernsey funds
JTC, the C.I.-based administrator, has been appointed by Resolute Capital Partners, a San Francisco-based private equity firm, to administer its two new Guernsey-domiciled international feeder funds. JTC Americas (formerly NES Financial) has been administering Resolute Capital’s private equity funds since 2018.
Oak Group confirms Graham McCormack as CEO
Oak Group, the Guernsey-based private client, corporate services and fund administration business, has appointed Graham McCormack as CEO. He has been acting CEO since former CEO Stuart Platt-Ransom left the role earlier this month. Prior to his role as CEO, he was COO of the Oak Group.
Northern Trust’s FOS business adds two seniors
Northern Trust’s Front Office Solutions business has hired Nichole Mann as head of operations administration and Nora Tiller as head of client solutions. Mann will be responsible for functions including operational data governance, data quality and process oversight, policy development, and data analysis. Prior to joining Northern Trust, Mann worked at Calculated Valuation. Tiller will…