Altum Group, a C.I.-based-provider of fund, corporate and family office solutions, has appointed Matt Philpott to the firm’s real estate team in the UK. He will support the delivery of administration and relationship management, overseeing complex portfolio transitions, ensuring consistent communication with directors, and providing oversight on structuring, governance and onboarding processes.
Category: Alts
Ultimus adds four seniors
Ultimus has hired four senior managers. In the public markets solutions sector, Matt Geldhof joins from Citi, and Edward Lund comes in as an SVP, having worked at Gemini Fund Services and NorthStar. In the private markets sector, Gilbert Maddock joins from MUFG, and William Thoma comes in from Northern Trust.
Citco opens in Dallas
Citco has opened an office in Dallas, TX. The office will serve as a regional hub for asset servicing operations, providing middle and back-office solutions including treasury and loan services, NAV calculations, investor services, corporate services and regulatory reporting.
State Street launches digital assets platform
State Street has belatedly launched a digital assets platform, which includes wallet management, custody and cash capabilities, designed to support tokenised product development across jurisdictions covering both private and public permissioned blockchain networks. State Street’s digital asset strategy has stuttered ever since Nadine Chakar, global head of digital assets, left in 2022 after barely a…
Suntera opens in Denver
Suntera Fund Services, a C.I.-based middle market provider of fund administration and loan administration services for private alternative investment funds, has opened an office in Denver, Colorado. The office joins Suntera’s other U.S. hubs in New Jersey and California and will be led by Nick Donovan, general counsel, Americas, and Jonathan Ferry, director.
Eleven upgrades onboarding platform
Eleven, the U.S.-based fintech focused on the alternatives sector, has launched OS8, “expanding and deepening every part of the private investment lifecycle on a single intelligent, connected operating system”. OS8 covers fundraising and investor onboarding, servicing, payments, and compliance, streamlining interactions between fund managers, fund administrators, and investors.
BNPP supports Infranity fund launch
BNP Paribas has been appointed by Infranity, part of Generali Investments, to support the launch of its Horizon Infrastructure Strategies, an open-ended evergreen ELTIF in France. Infranity specialises in infrastructure investments.
Arcesium opens in Hong Kong
Arcesium, the U.S.-based administrator in which J.P. Morgan has a stake, has opened an office in Hong Kong. The office will support its existing client base of institutional asset managers, hedge funds, banks, and private markets firms operating across the broader Asia-Pacific region, while also providing technology and services for new launches and regional expansion.
Sheller leaves CBRE
Jason Sheller, who has been at CBRE for seven years, most recently as global head of business development & strategy for its real estate fund administration business, is stepping away from his role. He hasn’t announced his next move.
Allfunds and Apex collaborate on alts
Allfunds Blockchain and Apex Group have formed a strategic collaboration that enables the full digitisation of the operating model for alternative investment funds, leveraging blockchain technology to streamline fund administration and transfer agency processes. The solution delivers real-time execution, enhancing operational efficiency and data integrity for both the fund administrator and the transfer agent.