SEI has been selected by Nephila Capital Ltd, an investment manager specialising in reinsurance risk, to support its back- and middle-office operations across North America and the UK. Nephila has managed institutional assets in the reinsurance industry for more than 20 years. Owned by Markel Group Inc., Nephila has offices in the U.S., Bermuda, and…
Category: Alts
NTRS wins new mandates
Two new mandates for Northern Trust: It has been selected by the State of New Mexico Educational Retirement Board (NMERB) to provide asset servicing solutions to the USD18.5bn fund, including custody, accounting, post-trade compliance, performance measurement and advanced support for alternative and derivative investments as well as financial reporting. Northern Trust has been appointed to…
TMF hires O&T director
TMF Group, a Netherlands-based provider of fund and corporate services, has appointed Ramesh Ketti as the global operations and technology director of fund services and capital markets. based in Dubai. He was most recently deputy global head of closed-end operations for Apex.
Alchelyst to merge with Lyra
Alchelyst, the Ireland-based fund administrator for alternative asset managers, and Lyra Client Solutions, a client servicing organisation spun out from Apollo, have announced a merger to form a private markets servicing platform purpose-built to transform the investor experience across the institutional and global wealth channels. The transaction is expected to close in the fourth quarter…
FIS launches investor onboarding solution
FIS has launched FIS Investor Services Suite, an end-to-end solution designed to transform the investor servicing landscape for financial institutions, as well as alternative and traditional fund managers.
BNY wins OpenEden mandates
OpenEden, a platform for the tokenisation of real-world assets, has appointed certain affiliates of BNY as investment manager and primary custodian for the underlying assets of its flagship Tokenized U.S. Treasury Bills ($TBILL) Fund. Launched in 2023, OpenEden’s $TBILL provides investors with direct exposure to a pool of short-dated U.S. Treasury Bills and overnight reverse…
NTRS wins UK OEIC mandate
Northern Trust has been appointed to provide asset servicing solutions to Gravis Advisory Limited for its UK OEIC fund range. Gravis is an independently managed UK-based asset manager specialising in infrastructure, real estate, and private credit investments. It has GBP2.3bn (USD3.1bn) AuM.
Sonata One hires senior manager
Sonata One, the private funds clearinghouse, has appointed Nikhil Ashra as senior commercial development director, based in New York. He has previously worked at iCapital and Canoe Intelligence. Sonata One connects more than 53,000 investors with 6,500 funds and 180 fund managers globally.
CACEIS takes stake in Kriptown
CACEIS has acquired a minority stake in Kriptown, the French fintech specialising in asset tokenisation. This investment coincides with the upcoming launch of Lise (Lightning Stock Exchange), its subsidiary, which will be the first European tokenised exchange dedicated to SMEs and mid-cap companies. Lise is developing a market infrastructure designed to simplify equity financing and…
Alter Domus appoints CCO
Alter Domus has appointed Isabel Gomez Vidal as chief commercial officer. She will join the group executive board. Gomez Vidal joins from Dun & Bradstreet, where she served as chief revenue officer. The appointment follows the recent hiring of Charlotte Hogg as CEO.