Aztec Group, the C.I.-based administrator, has been selected to provide administration services for the investments held in the BMO UK Housing Fund, managed by BMO Real Estate Partners, the real estate arm of BMO Global Asset Management.
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Crestbridge hires William Turner for Jersey RE team
Crestbridge, the C.I.-based administrator, has appointed William Turner as a director in its real estate services team. Based in Jersey, he will have responsibility for several key client relationships, reporting directly to the Jersey head of the real estate team, Erin Moffat. Turner moves to Crestbridge from Intertrust, where most recently he was a client…
IQ-EQ hires Tamás Márk as new head of real estate in Luxembourg
IQ-EQ has appointed Tamás Márk as its new head of real estate in Luxembourg. He joins from Intertrust, where he was business unit director, real estate solutions.
Intertrust hires David Ritchie to head new NZ office
Intertrust, the Netherlands-based fund and corporate services provider, has opened an office in Auckland, New Zealand, appointing David Ritchie as country director. Corporate secretarial and funds support teams for New Zealand clients will initially be based out of Sydney as Ritchie builds the team locally. Ritchie has over 15 years’ experience working in investment banking,…
Arcesium hires two senior sales people
Arcesium, the U.S.-based administrator in which J.P. Morgan recently took a stake, has hired Kim Durland as senior vice president sales, strategic new accounts, and Ted O’Connor as head of sales for treasury. They will report to David Nable, head of commercial strategy, in these newly created roles. Durland joins from the prime services group…
Arti Sharma leaves Northern Trust
Arti Sharma, president & CEO of Northern Trust Canada, has left the firm. Sharma joined Northern Trust in 2013. There is no word of her next move.
SANNE to acquire Inbhear
Sanne, the C.I.-based alternatives administrator, has agreed to acquire Inbhear Fund Services and Inbhear Management Services for an upfront consideration of EUR6.6m (USD7.2m), and an earn-out over the next three years capped at EUR7.8m (USD8.6m). Inbhear is a Dublin-based fund administrator with a presence in Cayman.
HSS appointed as global custodian for China’s Tianhong AM
HSBC Securities Services has been appointed as global custodian for the qualified domestic institutional investor (QDII) fund launched by Tianhong Asset Management Company, one of the largest asset management companies in China. The QDII fund is China’s first dedicated mutual fund providing access for Chinese domestic investors to the Vietnamese capital market.
IQ-EQ hires Bram Eijsbouts as Lux head of bus dev
IQ-EQ has appointed Bram Eijsbouts as head of business development for Luxembourg, a newly created position. He will report directly to Fèmy Mouftaou, IQ-EQ Luxembourg’s chief commercial director. Eijsbouts previously spent 10 years at Intertrust, which recently lost a team of five Luxembourg senior managers who moved to TMF.
Northern Trust deploys IHS Markit’s technology for syndicated bank loans
Northern Trust has automated processing of the full trade settlement lifecycle for syndicated bank loans through integration with IHS Markit’s ClearPar Custodian Services Messaging capability. Designed to deliver trade data in a standardised format via secured communications, this service increases scalability and efficiency while reducing the risks inherent in a manual trade settlement process. The…