Northern Trust is celebrating 20 years since it established a presence in Ireland through its acquisition of Ulster Bank Investment Services. Northern Trust is the third largest provider of fund administration and custody services in Ireland, according to Monterey, employing more than 1,600 people in its offices in Dublin and Limerick. In 2011 Northern Trust…
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Oak and PraxisIFM end merger talks
Oak Group and PraxisIFM Group, two Guernsey-based administrators, have called off their proposed merger, first announced in August 2020. In a statement, Oak said: “With a particularly unpredictable global economic backdrop, a number of hurdles have led to the cessation of discussions”.
SS&C launches cloud-based Blue Sky portal
SS&C has launched its Blue Sky portal, a cloud-based technology solution to help investment managers comply with state Blue Sky laws. The web-based portal is designed to maximise compliance in an efficient and scalable way. Key features include an updated information stream for state fee calculations and best practices. An enhanced exemption process for social…
Ann Fogarty leaves BNY Mellon to join State Street
Ann Fogarty, who has been at BNY Mellon and its legacy brands for 15 years, is leaving to join State Street. BNY Mellon appointed Fogarty as interim global head of operations following Lester Owens’ departure earlier this year. She had previously been global head of accounting services. At State Street, it is understood she will…
Noor Adhami to head HSBC’s Singapore securities services business
HSBC has appointed Noor Adhami as head of securities services Singapore, effective 1 February 2021. Adhami joined HSBC in 2004. For the last four years, she has held the role of regional head of global liquidity & cash management for MENA and Turkey, during which she also headed the regional securities services business. Adhami will…
CBRE to provide fund accounting for new GLP fund
CBRE has been selected to provide fund and property accounting services for a new U.S.-based industrial fund managed by GLP Capital Partners, one of the largest industrial real estate fund managers in the world. CBRE’s fund and property administration group offers integrated real estate design & construction accounting, property accounting and fund administration services to…
CSC acquires FIRSTCORP in Singapore
CSC, a U.S.-based provider of business, legal, tax, and digital brand services, has acquired FIRSTCORP PTE. LTD and its affiliates, a Singapore-based service provider of company secretarial and administration services to corporations and alternative asset managers. FIRSTCORP offers company formation, corporate secretarial, and domiciliation services, and specialises in the establishment and ongoing administration of Singapore…
PEF launches Accounting Portal via ViewPoint
PEF, a U.S.-based fund administrator for alternative investment managers, has launched the Accounting Portal within its ViewPoint investor portal framework. The Accounting Portal offers enhanced access to the fund’s books and records as well as workflows for review and approval. ViewPoint provides alternative investment managers and their investors with direct access to data and documents,…
Crestbridge acquires Ovation FS in the U.S.
Crestbridge, the C.I.-based private equity and real estate administrator, is to acquire Ovation Fund Services, a U.S.-based provider of fund administration, accounting and reporting services to US domestic private equity and real estate funds. Ovation will become part of the Crestbridge brand from 31 December 2020 and all Ovation employees will join the global Crestbridge…
Apex acquires UK retail TA provider, IASL
Apex has acquired Investor Administration Solutions Limited, a UK-based retail transfer agency business, from Professional Partners Administration Limited. Terms and details of the deal were not disclosed.