Northern Trust has been appointed by Modular Asset Management (Singapore) Pte. Ltd to provide custody, fund administration, middle-office outsourcing, collateral management and risk compliance monitoring services. Modular, which was spun out of Millennium Capital Management at the beginning of 2020, is a specialist Asian macro alternative investment management company licensed by the Monetary Authority of…
Category: Alts
CSC to open in Dublin
CSC, the privately owned U.S.-based provider of alternative fund administration and corporate services, has been licensed by the Central Bank of Ireland to establish a fund services operation in Ireland. Liam McHugh, managing director of fund services for CSC, will head the Dublin office, with a senior management team including David Barry as head of…
Centaur hires Jon Summers to head product in U.S.
Centaur Fund Services, the Ireland-based provider of services to the alternative fund industry, has expanded its U.S. management team with the addition of Jon Summers, who will take on the role of head of product for Centaur Fund Services U.S. Currently based in New Jersey, Summers has over 15 years’ experience in the fund administration…
Dougherty Mortgage selects SS&C for loan admin
Dougherty Mortgage LLC, a Minneapolis-based full-service mortgage banking firm, has selected SS&C as a technology and services partner. SS&C will provide cloud-based software and services for loan origination, servicing, asset management, investor reporting, insurance compliance and document management.
Intertrust selects Wall Street Office for loan administration
Intertrust, the Netherlands-based provider of administration and corporate services, has automated its loan administration, cash management and facility agent services by integrating its platform with IHS Markit’s Wall Street Office (WSO). The WSO platform is a scalable, cloud-based solution that will enable Intertrust to provide its fund and capital markets clients with a more efficient…
SANNE hires Daryn Kerr as global head of tech change
SANNE, the UK-based provider of alternative asset and corporate business services, has appointed Daryn Kerr as global head of technology change. He will lead the establishment of SANNE’s enterprise architecture and technology portfolio to reflect and augment the group’s global strategic goals. He will work closely with SANNE’s chief technology officer, Marie Measures, in the…
MUFG IS hires Fabrice Mas to head PERA in Luxembourg
MUFG Investor Services has appointed Fabrice Mas as head of private equity & real assets in Luxembourg. Mas will be based in MUFG’s Luxembourg office and will report to David Rochford, global head of hedge funds and PERA. Mas joins from TMF Group, where he was head of fund administration and shareholder services.
Aztec Group promotes Matt Horton to group head of PE
Aztec Group, the C.I.-based administrator, has promoted Matt Horton to group head of private equity. He replaces Alan Ross, who moves to a new role as group head of transformation. Gavin Hayman has assumed Horton’s former position as jurisdictional head of private equity in Guernsey.
Ocorian completes acquisition of Allegro in Luxembourg
Ocorian, the C.I.-based administrator, has completed the acquisition of Allegro S.à r.l., a Luxembourg-based third-party ManCo and fund administrator. Allegro is licenced to provide ManCo and fund administration services to AIF, RAIF, non-AIF and UCITS funds. It has c. EUR8.7bn AuM, primarily in underlying investment strategies with a PE/RE focus.
Intertrust supports USD1.9bn fund launch for iCON Infrastructure in Guernsey
Intertrust, the Netherlands-based provider of trust, corporate, private wealth, and fund and capital market services, has assisted iCON Infrastructure LLP with the first and final closing of its new USD1.9bn fund, iCON Infrastructure Partners V. iCON is an independent investment group focusing on privately held investments in infrastructure assets in Europe and North America. iCON…