Ocorian, a C.I.-based provider of asset servicing for private markets and corporate and fiduciary administration, has hired Lynne Westbrook as head of fund services in Dallas. Prior to joining Ocorian she was a director in private markets at Aztec.
Category: Alts
SEI launches AIFM services in Lux
SEI has launched depositary services for Luxembourg alternative investment funds. SEI provides depositary services to more than 430 funds from other fund centres. SEI claims to be the largest fund administrator for private market funds in Luxembourg that are managed by a U.S. firm, and the largest private credit fund administrator by assets globally.
Coller appoints RE for new fund
Coller Capital, an investor in the secondary market for private assets, has selected Equity Trustees to be the responsible entity (trustee) of its new fund, the Coller Private Equity Secondaries Fund. The fund is an Australian managed investment scheme available to both qualified retail and wholesale investors.
RBS hires depositary chief
Michael Mekhaeel has joined RBS International as head of depositary services, based in Luxembourg. He was previously at Gen II after spending 17 years at BBH.
Allvue acquires PFA
Allvue Systems, LLC, a fintech 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.
Ocorian acquires in U.S.
Ocorian, the C.I.-based provider of fund and corporate administration services, has acquired EdgePoint Fund Services, a U.S.-based fund administrator providing fund administration services to U.S. fund managers across private markets.
CSC builds FCM team
CSC has expanded its newly combined funds and capital markets (FCM) division with the appointments of John Hebert and Venkat Srinivasan. Hebert will extend his current role to incorporate funds, moving from president of global capital markets to become president of the FCM division. Srinivasan has been appointed global head of funds and enterprise capabilities,…
IDR hires U.S. bus dev director
IDR, the private funds clearinghouse, has appointed Gray Sain as business development director, based in New York. He joins from Willkie Farr & Gallagher LLP, an international law firm.
NTRS partners with NUS
Northern Trust has signed a three-year memorandum of understanding with the National University of Singapore to drive innovation in green finance and promote the adoption of green finance frameworks and blockchain technology. A centerpiece of the partnership is a tokenisation initiative leveraging Northern Trust’s Matrix Zenith platform, aimed at bringing the green credentials of bonds…
Gen II hires European bus dev chief
Gen II Fund Services, the independent private capital administrator, has appointed Paul Spendiff as head of business development for Europe, based in London. He joins Gen II from Ocorian, where he was global head of fund sales. Earlier in 2024 Gen II completed the acquisition of Crestbridge, a UK-based provider of private capital fund administration…