IQ-EQ has appointed David Giannone as senior managing director in the business development team in the U.S. He will specialise in private capital, offshore structures and business development. Giannone spent nearly 10 years at RBC Investor Services, most recently as global head of business development. It is understood that RBC IS is winding down its…
Category: Alts
Citco hires global ops head
Carl Andrews has been appointed global head of operations for Citco, the specialist alternatives administrator. Andrews, who is based in the UK, previously spent over 13 years at HSBC, most recently as head of Europe and the Americas for the securities services business.
Altum expands in UK
Altum Group, a C.I.-based provider of fund, corporate, and family office solutions, has expanded in the UK, moving to new offices led by managing director, Simon Drewett. He was previously at Crestbridge, where he led a team providing FCA-regulated fund management services.
Maples wins private credit fund mandate
The Maples Group has been selected to provide fund administration services for the Ruya Private Capital I LP, a private credit fund managed by Ruya Partners Limited based in the Abu Dhabi Global Market. Ruya Partners is an independent, partner owned private capital investment firm that provides customised financing solutions for private-sector firms in developing…
UI appoints Rougier as Lux country head
Universal Investment Group has appointed Etienne Rougier as Luxembourg country head. This is alongside his position as group COO. Following the 2022 acquisition of efa, the Luxembourg business now has a combined workforce of more than 500 employees, with EUR294bn AuA. Rougier succeeds Sofia Harrschar, who will now focus on expanding the alternative investments business.
Euroclear/Goji launch PA service
Euroclear and Goji, a Euroclear-owned fintech, have combined to launch a new service for private market funds. The service, which is integrated into Euroclear’s funds platform, FundSettle, complements its existing money market, mutual and alternative fund offerings. The new solution enables clients to access a broader range of fund asset classes through a single point…
Phoenix American wins new RE mandate
Phoenix American, the U.S.-based administrator, has established a fund administration relationship with Great Oak Funding, a real estate debt fund sponsor. Phoenix American will support the Great Oak Funding Finance VII offering with its investor services platform featuring the STAR-XMS shareholder management/transfer agency system.
Centralis to acquire Ferris
Centralis Group, the Luxembourg-headquartered administrator, plans to expand its real estate service offering through the acquisition of Ferris Group. Ferris, also based in Luxembourg, is a specialist real asset service provider, working with real estate SPVs and investment funds.
Nabi joins GCEX
Jason Nabi has joined GCEX, a digital prime broker, as a strategic business development consultant. Nabi, who is based in the UK, was previously at Bosonic. He has also worked at HSBC, SGSS and BNP Paribas, inter alia.
ZEDRA partners with Cascata
ZEDRA, the European administrator, has partnered in the U.S. with Cascata Solutions, the digital waterfall fund administration software provider. ZEDRA will deploy the Cascata platform for carried interest and fee administration for its private equity, private credit, venture capital and real estate clients.