Apex Group, the Bermuda-based fund services provider, has been appointed by ENBD REIT (CEIC) PLC to provide property-level accounting and reporting services for all 11 properties in the REIT’s portfolio using Yardi property management technology. ENBD REIT is a closed-ended DIFC investment company, managed by Emirates NBD Asset Management Limited, and invests in a diversified…
Category: Alts
NES to provide OZ admin services for USVI Hemp Fund
NES Financial, the Silicon Valley-based administrator that was recently acquired by JTC, has been mandated to provide its purpose-built Opportunity Zone fund administration solution to USVI OZ Hemp Fund.
IQ-EQ makes management appointments in HK, France
Three management appointments for IQ-EQ, the Luxembourg-based administrator. Kenny Yeung joins as business development director in Hong Kong. He was previously at Vistra. Peru & Partners, an specialist fund services provider dedicated to the French private equity market which IQ-EQ acquired in 2019, has added two new departmental heads: Christophe Pasquier will lead the firm’s…
AIA takes new predictive collateral coverage reporting solution from BP2S
BNP Paribas Securities Services has launched a service to help asset owners measure and monitor the counterparty and liquidity risk arising from their derivatives exposure and anticipate their long-term collateral requirements. The service is already in use by AIA Group, a longstanding risk and analytics client. In 2016 AIA appointed BNPP as its OTC derivatives…
Alter Domus promotes Tim Toska to global head of private equity
Tim Toska has been appointed global head of private equity at Alter Domus, the Luxembourg-based administrator. Toska, who joined Alter Domus after the 2017 acquisition of Carta Fund Services, was previously co-head of private equity fund administration for North America. He is based in the U.S.
Sudrania adds three senior managers in U.S. & India
Sudrania Fund Services, the Chicago-based fund administrator, has added three senior managers to its team, bringing global headcount to >200. Amit Arora joins from NAV Fund Administration Group as vice president of client success. Skyler Steinke, who was a business development director at Ultimus Fund Solutions, joins as a senior vice president of business development.…
JLL selects SS&C’s Precision LM to support USD115bn loan portfolio
SS&C’s Precision LM has been selected to support Jones Lang LaSalle’s (JLL) combined USD115bn loan servicing portfolio, following the real estate company’s acquisition last year of Holliday Fenoglio Fowler, LP. JLL is a primary servicer and provider of commercial loan services to more than 50 institutional investors. JLL adopted SS&C’s Precision LM as its agency/multifamily…
Kimura Capital moves to Centaur
Kimura Capital, the UK-based provider of commodities trade finance funding, has moved its business to Centaur. No other details were provided.
Ocorian hires Robert Hovenier as head of Mauritius
Ocorian, the C.I.-based administrator, has appointed Robert Hovenier as managing director of its Mauritius office. He takes over from Richard Arlove, who has announced his decision to retire. Hovenier joins from Mauritius International Trust Company, where he was CEO.
Bitcoin Suisse hires Markus Perdrizat to head custody business
Bitcoin Suisse has appointed Markus Perdrizat as head of custody at Bitcoin Suisse AG and CEO of Swiss Crypto Vault AG. He was formerly responsible for the blockchain risk assurance practice at PwC Switzerland. His predecessor, Philipp Vonmoos, will remain on the board of directors of Swiss Crypto Vault AG as he moves into a…