Ultimus Fund Solutions has hired John Lehner as president, Ultimus Public Fund Solutions, and Jay Martin as president, Ultimus Private Fund Solutions, Jim Cass will transition to vice chairman of Ultimus, having previously served as president, Ultimus Private Fund Solutions. All three roles report to CEO Gary Tenkman. Martin was most recently president, investment services,…
Category: Alts
Gen II hires for Lux
Gen II Fund Services, an independent provider of private assets fund administration, has appointed Besmira Uruçi as executive director in its Luxembourg office.
Aztec wins private credit mandate
Aztec Group, the C.I.-based provider of fund and corporate services to the alternative investments industry, has been appointed BGO Partners to provide administration services for a number of its private credit fund structures. Under the mandate, Aztec will provide fund and corporate services, including AIFM and depositary, from its Luxembourg and Jersey offices.
Suntera hires UK BD head
Suntera Global, the C.I.-based administrator, has appointed David Page as director of business development within its funds and corporate services division in the UK. Suntera opened its London office in 2024.
Apex opens in Rwanda
Apex has opened an office in Kigali, Rwanda. The new office will provide clients with solutions including fund administration, corporate services, compliance solutions, and ESG advisory services, pending approval from the regulatory authorities.
Gen II adds to client service line-up
Gen II Fund Services, an independent private capital fund administrator with >USD1trn AuA, has appointed Ray Ferranti as head of Northeast-client services. Ferranti will oversee client services for the Northeast as a regional head, leading the firm’s New York and Boston offices and overseeing the development and delivery of Gen II’s fund administration services. He…
SEI wins Nephila mandate
SEI has been selected by Nephila Capital Ltd, an investment manager specialising in reinsurance risk, to support its back- and middle-office operations across North America and the UK. Nephila has managed institutional assets in the reinsurance industry for more than 20 years. Owned by Markel Group Inc., Nephila has offices in the U.S., Bermuda, and…
NTRS wins new mandates
Two new mandates for Northern Trust: It has been selected by the State of New Mexico Educational Retirement Board (NMERB) to provide asset servicing solutions to the USD18.5bn fund, including custody, accounting, post-trade compliance, performance measurement and advanced support for alternative and derivative investments as well as financial reporting. Northern Trust has been appointed to…
TMF hires O&T director
TMF Group, a Netherlands-based provider of fund and corporate services, has appointed Ramesh Ketti as the global operations and technology director of fund services and capital markets. based in Dubai. He was most recently deputy global head of closed-end operations for Apex.
Alchelyst to merge with Lyra
Alchelyst, the Ireland-based fund administrator for alternative asset managers, and Lyra Client Solutions, a client servicing organisation spun out from Apollo, have announced a merger to form a private markets servicing platform purpose-built to transform the investor experience across the institutional and global wealth channels. The transaction is expected to close in the fourth quarter…