CACEIS Bank has been authorised by the ACPR, France’s banking and insurance regulator, following the advice of the AMF, France’s financial sector regulator, to provide crypto-asset services in accordance with the procedures laid out in Article 60 of MiCA, the European Markets in Crypto-Assets regulation. This is a major step in the roll-out of the…
Category: Alts
State Street to service COtwo ETP
State Street has been appointed as fund administrator and transfer agent for the COtwo Advisors Physical European Carbon Allowance Trust (NYSE Arca: CTWO), the first US-listed exchange-traded product backed by physical European Union Allowances (EUAs). State Street will deliver ETF solutions, including fund accounting, administration, and transfer agency.
ZEDRA appoints CEO
ZEDRA has appointed Dean Blackburn as CEO.He joined the business as deputy CEO in 2024, He is based in Jersey.
Gen II hires for UK
Gen II Fund Services, a U.S.-based private capital fund administrator with >USD1trn AuC/A, has appointed Matt Beresford as country head, Jersey and UK, based in Gen II’s Jersey office. He joins from Lloyds Banking Group, where he was recently country head for the Isle of Man at Lloyds Bank International.
GemCap and M Square partner
GemCap has formed a partnership with MC Square, which will offer clients with products and fund domiciles in Dublin and Luxembourg. With the combined in-house regulatory and operational expertise across both jurisdictions, clients can structure and manage UCITS, AIFs, ICAVs, RAIFs, inter alia. MC Square Group, the holding company of MC Square S.A., a third-party…
TMF wins RE mandates
TMF Group, a Netherlands-based provider of financial, funds and corporate services, has been appointed by Chelsfield Asia to deliver a combination of fund administration and corporate services. Chelsfield Asia is an international real estate investment company focused on asset management, development and investment with operations in Hong Kong, SAR, Shanghai, Singapore and Tokyo. The deal…
Clearstream launches private markets solution
Clearstream, Deutsche Börse Group’s post-trade services provider, is launching a digital solution to transform private market fund processing. Leveraging digital capabilities through its DLT-based platform, FundsDLT, and integrated with Clearstream’s Vestima fund platform, the solution – currently being introduced with selected clients prior to a full-scale rollout – streamlines traditionally manual processes, enhancing efficiency and…
Suntera supports PCC fund launches
Suntera Global, a C.I.-based provider of fund, corporate, and private wealth services, has been appointed as the fund administrator of a newly incorporated Protected Cell Company (PCC), initially establishing two Guernsey-domiciled investment fund cells launched by Thornbridge Investment Management. The initial cells will be launched as Green Fund Cells under Guernsey’s Green Fund framework, and…
Ultimus supports interval fund launch
Ultimus, the U.S.-based independent provider of fund administration, accounting, and investor solutions, has supported the launch of OneAscent Capital LLC’s first interval fund, OneAscent Capital Opportunities Fund. With the support of Ultimus’ retail alternatives experts, the interval fund was structured to leverage efficiencies with OneAscent’s existing product offerings, a family of ETFs under Ultimus’ series…
Wastone opens ManCo in UAE
Waystone, the European provider of specialist services to the global asset management industry, has launched a new onshore, independent ManCo and distribution company in the United Arab Emirates. The new ManCo will be led by Caoimhghin O’Donnell, who has relocated from Waystone’s Dublin office, where he led the firm’s third party ManCo operations in Ireland.