AirFund, a digital marketplace established in 2021 to streamline the distribution of private market funds to individual investors through wealth management distributors, has launched its first feeder fund. This fund will invest in the master fund ACF IX, managed by Access Capital Partners. The feeder fund is being launched in collaboration with IQ-EQ, the investor…
Richard
HSBC promotes Fenocchi
HSBC has appointed Giovanni Fenocchi as global head of sales for the securities services business. He has had a long career with HSBC spanning client coverage, operations and risk, issuer services and, most recently, as head of asset owners & managers sales for securities services across Europe, MENA and the U.S. He replaces Alexis Meissner,…
Slater in new role at Northern Trust
Northern Trust has appointed Michael Slater as executive, financial institutions group. Based in London, Slater is responsible for managing FI relationships across EMEA. He reports to Camie West, global head of FIG. He relocates from Riyadh, KSA, where he was executive director for ME&A.
Ultimus partners with Arch
Ultimus LeverPoint Private Fund Solutions has partnered with Arch, provider of a digital platform for private investment operations and investor communications. Ultimus will deploy a platform that automates manual tasks, enhances productivity, and maximises the use of data and insights from asset managers. This collaboration aims to transform the cumbersome data management process for asset…
Langham Hall supports Bread Street PE fund
Langham Hall, the UK-based administrator, has supported Sarasin Bread Street with the launch of its inaugural Bread Street Multi Vintage Private Equity Fund, which has secured EUR124m (USD138m) in investor commitments. Langham Hall has been selected to provide fund accounting and administration services from its Guernsey office.
Ocorian hires U.S. head of funds
Ocorian, the C.I.-based fund administration and corporate services provider, has hired Michael Gull as head of funds U.S. He will be based in Ocorian’s New York office. Most recently he worked for Carta and was previously at SS&C.
KoCAA expands SEI relationship
Knights of Columbus Asset Advisors has expanded its relationship with SEI across technology, operations, asset management, and advisor services for its individual and institutional wealth management business. KoCAA is transferring >USD500m to the SEI Wealth Platform.
Direxion appoints SS&C for distribution support
Direxion, a provider of tradeable and thematic ETFs, has selected SS&C ALPS Distributors to provide medallion distribution services for its ETF and mutual fund range. Direxion manages more than USD40bn across a diverse suite of leveraged and inverse ETFs and mutual funds. SS&C ALPS Distributors will act as the underwriter and distributor for issuance, redemption…
Apex supports Phoenix ADGM launch
Phoenix Venture Partners has received approval of an Abu Dhabi Global Market (ADGM) fund manager licence. Phoenix Ventures is a specialist investment and asset management firm with a focus on early stage, technology-based investments across multiple industry segments. Apex will provide corporate and fund services to the company and its first fund, which is set…
Aztec hires U.S. private credit head
Aztec, the C.I.-based administrator, has appointed Todd Werner as U.S. head of private credit. He joins from Ultimus Fund Solutions where he was senior vice president of retail alternative funds.