Frank Anduiza has joined Vistra as MD for the U.S. funds business. Vistra has also added four enterprise account managers for the U.S. – Christopher Murphy, Sean Ward, Matt Podolsky and Tony Olivo. The move follows Vistra’s recent acquisition of Phoenix American. Based in New York, Anduiza joins from Ultimus LeverPoint Private Fund Solutions. He…
Category: Alts
SS&C launches AI platform
SS&C has launched SS&C Accord, an AI-enabled service to help wealth managers aggregate and validate their clients’ alternative investment data. SS&C Accord leverages SS&C’s wealth management and alternative investment fund administration expertise to help advisors aggregate and process siloed data across their investors’ portfolios. Wealth managers, RIAs, pension funds, endowments and family offices can view…
Apex wins in Japan
Apex has expanded its relationship with Integral Corporation, one of the largest Japan-based private equity managers. It will now provide fund administration services to Integral Fund V Series. Apex will now offer Cayman fund administration, Cayman regulatory reporting, tax reporting, board meetings for Fund II, III, IV and a number of investment vehicles.
State Street hires digital chief
State Street has appointed Vanessa Fernandes as head of digital asset solutions. Fernandes, who will be based in New Jersey, will report to Donna Milrod, chief product officer. Prior to joining State Street, Fernandes was global head of digital experience at BNY Mellon.
Senior hires at BNY
Two senior hires at BNY Mellon: Paul Fleming joins as head of alternatives, based in Boston. Fleming was previously global head of alternatives at State Street before leaving in 2023. Earlier this year BNY hired Elliott Brown for the role, but he has subsequently left the firm. Bryan Ireton joins as head of client service,…
Coller expands with State Street
State Street has been appointed by Coller Capital to provide fund administration and accounting, custody, depositary services, currency management and transfer agency. Coller Capital is the largest independent investor dedicated exclusively to investing in the private capital secondaries market, with USD33bn AuM. The full-service appointment follows State Street’s initial work with Coller Capital on the…
alchelyst hires U.S. leader
alchelyst, the Ireland-based administrator, has appointed Shawn McMenimen to lead its business in the U.S. Based in Boston, he has previously worked at Alter Domus and Gen II after spending 19 years at State Street.
Maples to support new DIFC fund
Maples has been appointed to provide fund administration services to the newly launched Amplify Growth Fund. The fund is domiciled in the Dubai International Financial Centre and is targeting USD100m in capital commitments from institutional investors.
Palmer partners with Entrilia
Palmer, the UK-based private capital markets administrator founded in 2023, has partnered with Entrilia, a fintech providing platform solutions for the private markets sector.
BNP Paribas wins PE mandate
BNP Paribas has been mandated by PAI Partners, a private equity firm investing in companies in Europe and North America, to provide depositary bank services for its eighth fund, PAI Partners VIII, representing EUR7.1bn (USD8bn). This new mandate extends PAI Partners’ long-term relationship with BNP Paribas, which already includes global custody, depositary bank and transfer…