Vistra, the Asia-based provider of fund and corporate services, has acquired the fund administration and transfer agency business of U.S.-based Phoenix American Financial Services, Inc. The transaction does not include Phoenix American’s aviation services business. As part of the deal, Zane Doyle, chief strategy officer of Phoenix American, will join Vistra. The deal will enhance…
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Credicorp moves to Multifonds
Credicorp Capital, the investment management and advisory company, has gone live on Temenos Multifonds delivered as SaaS. The company is part of Credicorp Ltd., one of the largest financial groups in Latin America, whose subsidiaries include insurance, pension funds and microfinance providers in addition to BCP, Peru’s biggest bank. Credicorp Capital’s asset management business has…
Amicorp granted AIFC licence
Amicorp Fund Services, the Asia-based fund services provider, has had its fund administration licence approved by the Astana International Financial Centre, Kazakhstan‘s financial hub. The licence adds to Amicorp’s seven other fund administration locations.
BNY wins ETH ETP mandates
BNY has been appointed as administrator for seven of the nine ETH ETPs approved for trading in the U.S. in July. BlackRock (ETHA), Bitwise (ETHW), Grayscale (ETHE & ETH), Franklin Templeton (EZET), 21shares (CETH), and Invesco Galaxy (QETH) have named BNY as the cash custodian, transfer agent, and administrator, providing administrative, tax and accounting services,…
Westwood expands with Ultimus
Ultimus Fund Solutions, the independent provider of fund administration, accounting, and investor solutions, has expanded its longstanding partnership with Westwood Holdings Group following the launch of two new actively managed ETFs. Headquartered in Dallas, Texas, Westwood manages multiple investment strategies tailored to institutional investors, private wealth clients, and financial intermediaries. Recently, Westwood expanded its offerings…
Northern Trust hires in Singapore
Northern Trust has hired Kai Jebens as head of client development, Southeast Asia, and Chris Vera as senior digital solutions consultant, APAC, for its asset servicing business. Both are based in Singapore. Jebens previously held positions at Collibra, BNY, and FIS, inter alia. Vera previously worked at BlackRock, AIA, and BNY, amongst others.
Apex supports new JGIA PE fund
Apex Group is working with Japan Growth Investments Alliance, a private equity manager, to provide fund administration services to JGIA III Series Fund. The appointment comes after Apex supported a previous JGIA Series Fund.
Northern Trust promotes Hamilton
Northern Trust has promoted Ian Hamilton, currently head of asset owners UK, to head of asset owners for Europe, a newly created role. Hamilton joined Northern Trust in 2016 from State Street.
Zodia partners with Deribit
Zodia Custody has partnered with Deribit, the world’s largest crypto options exchange by volume, to expand its Interchange network. Institutional clients will be able to access derivatives liquidity while their assets remain in Zodia Custody’s segregated cold wallets.
Arcesium opens in Lisbon
Arcesium, the J.P. Morgan-backed provider of investment services, has opened an office in Lisbon, Portugal.