IQ-EQ has appointed James Bolton as country delivery director and Andrew Edgington as client director for the Cayman Islands. Bolton joins from Citco, whilst Edgington joins after a spell as an independent consultant. He has previously worked at Barings, Northern Trust and Gartmore.
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Alter Domus makes acquisitions in London & Boston
Alter Domus, a Luxembourg-based provider of solutions to the alternative investment industry, has acquired London-based fintech, Credit-Vision Limited. Credit-Vision is a data and analytics platform for corporate credit investors. Credit-Vision streamlines and modernises portfolio management by automating data extraction from issuers’ financial reports and channels financial data from multiple sources into a single access point.…
Coremont hires Michele Deely as head of sales and client relations
Coremont, which was spun out from Brevan Howard in 2018, has hired Michele Deely as head of sales and client relations. Deely spent 17 years at IFS, a State Street company. State Street signed a deal with Coremont earlier in 2020 to provide an integrated front-to-back service for hedge fund managers.
Deutsche Bank receives China custody licence
Deutsche Bank (China) Co., Ltd. has received a domestic fund custody licence from the China Securities Regulatory Commission. Upon completing the relevant administrative process, Deutsche Bank China will be able to provide custody-related solutions to funds established in China.
Missouri Farm Bureau migrates insurance accounting to SS&C
Missouri Farm Bureau, a U.S.-based insurance provider, plans to migrate its insurance investment accounting to SS&C SmartSource, powered by Singularity. Singularity leverages artificial intelligence to manage core investment accounting activities by combining robotic process automation, machine learning, natural language processing and predictive analytics in one unified, cloud-based, web and mobile-accessible system.
Charles River hires Peter Adams as head of business development
Charles River Development, the OMS provider that is owned by State Street, has appointed Peter Adams as head of business development. He joins from Finomial, before which he worked for 13 years at Eze Software, a competing OMS provider that is now owned by SS&C.
Mainstream hires John Collins from Euronext for Ireland bus dev role
Mainstream, the Australia-based administrator, has hired John Collins as business development and relationship manager for its Dublin office. He joins from Euronext, where he worked in funds business development.
Cordovan Capital Management selects IQ-EQ for first institutional PE fund
Cordovan Capital Management, a Northern Ireland-based private equity house, has appointed IQ-EQ to support its first institutional fund. The new fund aims for a total AuM of GBP50m. IQ-EQ is providing fund administration and depositary services, as well as appointed representative and UK AIFM services.
DBS and SGX launch Digital Exchange
DBS, the Singapore-based bank, is to establish a digital exchange, enabling institutional and accredited investors to tap into a fully integrated tokenisation, trading and custody ecosystem for digital assets. Singapore Exchange (SGX) will take a 10pct stake in the DBS Digital Exchange. The exchange will include: Security Token Offerings – A regulated platform for the…
Northern Trust selected by SGA for MO and FX outsourcing
Northern Trust has been selected by Strategic Global Advisors, LLC, a woman- and employee-owned institutional asset management firm headquartered in Newport Beach, California, to provide middle office outsourcing and outsourced foreign exchange dealing through its Complete FX service.