Following the recently announced moves of Robert van Kerkhoff and Alison Gurd, BNP Paribas has announced their replacements. Laurent Durdilly takes on three leadership roles, including head of Luxembourg, Ireland and the Channel Islands for securities services, head of Luxembourg for corporate & institutional banking, and CEO of BNP Paribas SA Luxembourg Branch, based in…
Category: Alts
Aztec hires from Apex
Aztec, the C.I.-based provider of private markets services, has appointed Maria Von Horvath as senior director, private equity fund accounting, and strategic client delivery lead. She was previously head of operations for the Dallas office at Apex. She will continue to be based in Dallas and will lead private equity fund accounting and strategic client…
Ultimus partners with iCapital
Ultimus has formed a partnership with iCapital, introducing DLT to streamline data transmission and reconciliation processes, improving operational efficiencies for asset managers and wealth managers throughout the lifecycle of alternative investments. The integration of technologies merges iCapital’s DLT platforms with Ultimus’ infrastructure, “creating a more efficient, secure, and transparent processing environment for alternative investment data”.
Apex supports Fidelity fund launch
Apex is providing transfer agency services to Fidelity International in support of the launch of its first tokenised product, which offers institutional and professional investors 24/7 liquidity. The capabilities are designed for on chain markets and real time processing environments. Apex acted as transfer agent, supporting digital investor onboarding, wallet whitelisting, and transaction processing for…
Aztec hires CEO
Aztec, the UK-based provider of private markets services, has appointed Benjamin Lucas as CEO. He joins from Amundi Technology, where he was CEO. He succeeds Sean Hagerty, who has led the group as interim CEO since the departure of Kathryn Purves, and who will now return to his role as chair of the Aztec Group…
BNY collaborates for digital asset custody in ADGM
BNY, with Finstreet Limited and ADI Foundation, are collaborating to offer regulated, scalable, institutional-grade digital asset custody in the Abu Dhabi Global Market. Finstreet, a digital market infrastructure group and a subsidiary of IHC through Sirius International Holding, and ADI Foundation, an Abu Dhabi-based blockchain infrastructure organisation, will jointly support this initiative. The collaboration is…
Langham Hall supports PE fund launch
Langham Hall, the UK-based administrator, has supported Atlas Health Capital on the launch of its first private equity fund, Atlas Health Fund I, at GBP400m (USD545m). Langham Hall is providing fund administration services from its Jersey office and appointed representative AR services from its London office.
Alter Domus to acquire in Australia
Alter Domus, the Luxembourg-based provider of fund and corporate services for the alternative investment industry, has agreed to acquire MSC Group in Australia to expand its global client offering with specialist private credit and alternative assets servicing around trusteeship, custody and fund administration, covering AUD43bn (USD31bn) AuA. The acquisition will add licensed trustee, custody, and…
NAV wins Bitcoin fund admin mandate
Chicago-based NAV Fund Services has been appointed fund administrator for Nomura-backed Laser Digital‘s upgraded Bitcoin Diversified Yield Fund (BDYF), the first natively tokenised Cayman Bitcoin yield fund. NAV’s appointment extends a three-year relationship between the two companies.
HSBC adds PA capabilities in KSA
HSBC in Saudi Arabia has expanded its existing fund administration capabilities to include private assets. HSBC is thought to be one of the few providers in KSA to offer fund administration for clients investing in both traditional and private assets.