Arcesium, the U.S.-based financial technology and professional services firm, has added three people to its sales team. Brian Dalia joins as senior vice president to lead the sales efforts for its institutional asset management practice. Dalia most recently headed North American sales at SimCorp Coric. Matt Weisman has also joined as vice president on the…
Category: Alts
Standard wins NY state charter to offer digital assets custody
Standard Custody & Trust Company, LLC, a U.S.-based custody and settlement platform for digital assets, has received charter status to operate under New York state banking law as a regulated qualified custodian. The charter permits Standard Custody to offer custodial and escrow services for digital assets. One of Standard’s board members is Tim Keaney, formerly…
Northern Trust wins admin mandate for Guernsey VC fund
Northern Trust in Guernsey has been appointed by venture capital firm BB Pureos Bioventures to provide fund administration and banking services for its first fund, BB Pureos Bioventures LP, with commitments of USD205m. Carey Olsen advised Pureos Bioventures on all legal and regulatory aspects of the fund’s launch as a Guernsey-domiciled closed-ended fund.
Centaur hires Gareth Davies as head of client service for PE
Centaur Fund Services, the Ireland-based fund administration and fiduciary services provider, has hired Gareth Davies as head of client service, private equity, Europe. Based in Centaur’s London office, he will support Centaur’s private equity clients and define Centaur’s PE strategy and business development plans. Most recently, he was head of EMEA client relationship management at…
Galaxy Digital to acquire BitGo
Galaxy Digital, a U.S.-based financial services provider in the digital asset, cryptocurrency, and blockchain technology sectors, has agreed to acquire BitGo, an independent digital assets infrastructure provider. BitGo was the first independent regulated custodian in the U.S., purpose-built for digital assets. It has >USD40bn AuC, serving over 150 exchanges and over 400 institutional clients.
Crestbridge hires Andy Le Couilliard for PE role
Crestbridge, the C.I.-based administrator, has appointed Andy Le Couilliard as associate director, private equity. He was previously at Intertrust.
Michiel Munting appointed MD of Ocorian Netherlands
Michiel Munting has been appointed managing director of Ocorian (Netherlands) B.V. He assumes the position in place of Maarten van de Vaart, who is to retire. Munting has been with Ocorian since 2016.
Michael Madsen joins HSBC to head global PA product
HSBC has appointed Michael Madsen as global head of product for private assets for its securities services business. In this new role, Madsen will focus on development of the private assets product strategy and operating model. He will be based in Luxembourg, reporting to Tony McDonnell, global head of alternative investments, securities services, and Niccolo…
Apex to administer new music rights fund for Barometer
Apex Group has been appointed by Barometer Capital Management Inc., an independently owned Canadian investment firm that manages > CAD1bn, to provide administration services to the Barometer Global Music Royalty Fund LP. Barometer Capital has partnered with the Kilometre Music Group Inc., a music rights management company, to launch the fund, a limited partnership with…
Crestbridge supports launch of energy RAIF for ETIC
Crestbridge, the C.I.-based administrator, has supported the launch of the Energy Transition Europe Fund by Energy Transition International Capital. The fund is a Luxembourg-domiciled RAIF. Crestbridge’s Luxembourg team provided and continues to provide a range of administrative services to the new fund, including accounting, reporting and compliance.