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.
Category: Alts
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…
SLAM appoints SGSS for ELTIF
SGSS Luxembourg has been appointed as custodian, depositary bank, fund administrator, transfer agent and local representative agent by Swiss Life Asset Managers for the launch of its first ELTIF 2.0: Swiss Life Funds (LUX) Privado infrastructure S.A., SICAV-ELTIF. Earlier In 2024 SGSS was appointed by Schroders Capital as transfer agent for its new ELTIF 2.0.
LemonEdge partners with Eleven
LemonEdge, the fund accounting solution for private markets, has struck a strategic partnership with Eleven, an investor portal solution. This partnership combines LemonEdge’s accounting capabilities with Eleven’s platform for automating and streamlining the entire investor lifecycle, including digital subscriptions, investor onboarding and investor servicing.
IQ-EQ supports AirFund fund launch
AirFund, a digital marketplace established in 2021 to streamline the distribution of private market funds to individual investors through wealth management distributors, has launched its first feeder fund. This fund will invest in the master fund ACF IX, managed by Access Capital Partners. The feeder fund is being launched in collaboration with IQ-EQ, the investor…