Deutsche Börse Group has acquired a majority stake in Crypto Finance AG, a Switzerland-based financial group that offers trading, storage, and investment in digital assets to institutional and professional clients. Through the acquisition, Deutsche Börse will extend its offering for digital assets by providing a direct entry point for investments, including post-trade services such as…
Category: Alts
SS&C unveils organisational shake-up
SS&C has initiated an organisational shake-up which sees Mike Sleightholme, general manager of DST’s financial services businesses, leaving the firm. SS&C Global Investor and Distribution Solutions (GIDS) will focus on the evolution and elevation of global transfer agency and investor services. Nick Wright, general manager, will focus on strategy, innovation and product development, and will…
Mainstream recommends Apex bid
Mainstream, the Australian administrator that has >AUD200bn (USD152bn) AuA, has entered into a Scheme Implementation Deed with Apex, and its directors have unanimously recommended that Mainstream shareholders vote in favour of the Apex offer.
Sarj Panesar joins Sanne to head UK business development
Sanne, the UK-listed alternative asset administrator, has appointed Sarbjit (Sarj) Panesar as head of UK business development. Based in Sanne’s London office, Panesar joins from Société Générale Securities Services, where he was most recently in charge of business development for the asset management and insurance sectors.
CACEIS wins French PA mandate
CACEIS has been selected to provide asset services for the funds of Épopée Gestion, a French fund manager specialising in private equity and real estate investment. The mandate covers custody, transfer agency, middle office and fund administration services.
Wyoming Deposit & Transfer licensed to provide digital custody
Wyoming Deposit & Transfer Corporation has been granted a new bank charter by the Wyoming Division of Banking under the regulatory framework of a Special Purpose Depository Institution. The charter will enable WDT to provide commercial banking, together with custodial services, for a wide range of tokenized assets and digital and fiat currencies, meeting the…
State Street to deploy Canoe’s ML technology for private markets
State Street plans to implement a cloud-based, machine learning technology to transform private markets processing and document management. Through State Street’s partnership with Canoe Intelligence, allocators and managers in the private markets sector will have an integrated experience where traditionally onerous and manual alternative investment workflows will be automated and streamlined, reducing processing time and…
Apex acquires Senasen
Apex has acquired Senasen Group Ltd., a digital marketing platform provider designed to connect LPs and GPs and support the capital raising process. Founded by Blair McPherson and created by Ben Slater, both of whom will join Apex as part of the deal, Senasen’s proprietary SaaS platform will benefit clients through delivering a self-service offering…
Ross Thomson joins Crestbridge as head of Lux fund services
Crestbridge, the C.I.-based provider of private equity and real estate administration services, has appointed Ross Thomson as head of funds services in Luxembourg. Prior to joining Crestbridge, he was COO for Carne Global Fund Managers Luxembourg, where he was responsible for the ManCo and AIFM operations.
Ultimus LeverPoint adds Patrick Mulkern to sales team
Ultimus LeverPoint Private Fund Solutions, the private equity administration business of Ultimus Fund Solutions, has appointed Patrick Mulkern as an SVP in the sales team. He joins from Mainstream. Ultimus LeverPoint, which was formed after Ultimus bought LeverPoint in 2019, provides accounting and fund administration solutions to >200 firms with approximately USD110bn AuA.