Gen II Fund Services LLC has appointed Massimo Bernacchia as its new head of depositary services in Luxembourg. He will be responsible for the leadership and development of depositary services in Europe. He joins Gen II from a global wealth manager where he was the head of the business’s safekeeping and cash monitoring team for…
Category: Alts
Altum appoints head of Jersey
Altum Group, the UK-based provider of fund, corporate and family office solutions, has appointed Scott McClure as managing director for Jersey. He previously worked at a global fund administrator and held various leadership roles at a Big 4 professional services firm.
UI hires for BD
UI efa, a Luxembourg-based fund service provider and member of Universal Investment Group, has appointed two new members to its business development team: Emma Causevic and Pamela Valasuo.
Praxis deploys Allvue
Praxis, a C.I.-based administrator, has selected Allvue as a platform provider for its fund administration business.
Citco appoints RE co-heads
Citco, the asset-servicing provider to the alternative investment sector, has appointed Michelle Clements and Joep Hamers as co-heads of real assets, Citco Fund Services. Clements, based in North America, joined Citco in 2022 as the head of North America real assets. Prior to joining Citco, she was with BNY for seven years as head of…
Fasanara launches tokenised MMF
Fasanara Capital, a London-based institutional investment manager and leader in digital finance with >USD4bn AuM, has launched its first tokenised money market fund, the Fasanara MMF Token (FAST), held on the Polygon PoS public blockchain. Developed in collaboration with Apex Group, Tokeny, Chainlink, Fireblocks, and XBTO, FAST offers investors a faster, more cost-effective, and money…
HUB wins NAV oversight mandate
HUB, the fintech that is partly backed by State Street, has won a mandate from Acer Tree Investment Management for HUB NAV Oversight, a SaaS solution designed to optimise and automate NAV processes. Acer Tree, a mid-sized UK-based asset manager specialising in alternative investments, will leverage HUB NAV Oversight to streamline its NAV oversight process.
Allvue acquires PFA
Allvue Systems, LLC, a provider of alternative investment solutions, has acquired PFA Solutions LLC, a provider of compensation and carried interest software solutions for firms across private equity, private debt and venture capital. PFA’s flagship product, FirmView, combined with Allvue’s platform, will help CFOs and finance teams streamline fund operations and accounting workflows.
Komainu raises USD75m
Komainu, a C.I.-based digital asset services provider and custodian backed by Laser Digital, a Nomura company, has raised USD75m from Blockstream Capital Partners, subject to relevant regulatory approvals. The funding enables Komainu to accelerate its international strategic growth plans whilst adopting and integrating technologies developed by Blockstream Corporation Inc to maximise efficiencies and enhance client…
Langham Hall hires for Lux
Langham Hall, the UK-based administrator, has added two senior managers in Luxembourg. Ian Kent joins from State Street as head of fund administration – Luxembourg, and Brian Campion comes in from CSC as head of commercial – Luxembourg.