Société Générale and Crédit Mutuel Arkéa have signed a Memorandum of Understanding for the divestment of Société Générale securities services’ custody account-keeping delegation activity dedicated to the French retail banking segment. This activity covers the management of securities transactions, interest and dividend payments, and the holding of positions in ordinary securities accounts (CTOs) and equity…
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Aztec supports USD4.5bn PE fund launch
Aztec has supported Hollyport Capital on the final close of Hollyport Secondary Opportunities IX, which raised USD4.5bn. Aztec delivered an integrated service across Jersey and Luxembourg, including AML onboarding across multiple jurisdictions, depositary and AIFM services, and investor transaction support. Hollyport operates in the private equity secondaries market, with nine funds raised since 2006 and…
Northern Trust appoints EMEA banking head
Northern Trust has appointed Faisal Ansari as head of banking for EMEA. He takes on this responsibility in addition to his current role as head of liquidity solutions. He continues to report to Guy Gibson, co-head of asset servicing.
AGI appoints BNY for optimisation
BNY has been selected to support an operating model optimisation at Allianz Global Investors. BNY will provide an integrated investment operating model, with a focus on middle and back-office solutions, as well as custody, depositary, transfer agency and fund administration across Germany, Luxembourg and the UK.
Alchelyst and Lyra complete merger
Alchelyst and Lyra Client Solutions have completed their merger. The combined company, backed by Motive Partners and anchor client Apollo, will be led by Joan Kehoe, founder and CEO of Alchelyst, and will operate under the Alchelyst name.
Suntera appoints Crown Dependencies head
Suntera Global, the C.I.-based administrator, has appointed Mark Reynolds as regional head of Crown Dependencies, a newly created role aimed at supporting further growth across Jersey, Guernsey, and Isle of Man. The new leadership role follows the completion of the majority equity investment in Suntera by Valeas Capital Partners earlier this year. He will continue…
Ultimus supports Sardis fund launch
Ultimus has supported the launch of Sardis Group’s inaugural interval fund and separate account business. Established in 2024, Sardis engaged Ultimus to provide an operational framework in preparation for the fund’s debut. The firm leveraged Ultimus’ Gateway platform, an operating solution that streamlines the process of bringing registered alternative funds to market. Sardis also tapped…
Saphyre appoints head of sales
Saphyre, the pre- and post-trade platform provider, has appointed Michael Linchitz as global head of sales. Prior to joining Saphyre, Linchitz held senior sales leadership roles at Xceptor, most recently as head of sales, Americas.
Northern Trust builds U.S. ETF capabilities
Northern Trust has entered into an agreement with Intercontinental Exchange to deploy ICE ETF Hub as the order‑taking platform for its new U.S. ETF servicing capability for institutional investors. The integration marks a key milestone in Northern Trust’s strategic entry into the U.S. institutional investor ETF servicing market. Northern Trust is currently putting in place…
Equity Trustees wins River Capital mandate
Equity Trustees has been appointed responsible entity (trustee) for the new River Capital High Conviction Fund. Founded over 30 years ago, River Capital is a boutique investment manager specialising in Australian and New Zealand equities.