Waystone, the Ireland-based administrator, has moved closer to the completion of its proposed acquisition of the Irish and UK businesses of Link Fund Solutions. Certain contractual conditions have been satisfied, with counterparties to LFS contracts, representing the threshold majority of revenue, now agreeing to those contracts being transferred to Waystone on completion of the sale.…
Category: Alts
Hex Trust gains DASP status in France
Hex Trust, the Asia-based digital asset custodian, has obtained the Digital Asset Service Provider (DASP) registration granted by Autorité des Marchés Financiers and Autorité de Contrôle Prudentiel et de Résolution in France. The DASP registration enables Hex Trust to provide services including digital asset custody, the purchase/sale of digital assets for legal tender, and the…
Gen II appoints CFO
Gen II Fund Services, the U.S.-based private capital fund administrator, has appointed Marlene Pelage as CFO. She was previously global CFO for IPG Mediabrands.
BBH strengthens EMEA sales team
Brown Brothers Harriman has expanded its investor services sales team in Europe. David Murphy and Andrea Murray join BBH as European business development managers for alternatives and ETFs respectively, while Holly Gardner takes on the role of head of business development for Luxembourg. Murphy joins BBH’s alternatives team after most recently leading business development at…
EDB wins ADGM mandate
The European Depositary Bank, the Luxembourg-headquartered provider of banking, depositary and custody solutions owned by Apex, has been appointed by Aarna Capital Limited to provide digital banking solutions. Aarna Capital is a multi-asset brokerage firm, operating from Abu Dhabi Global Markets, offering clients access to futures, options, FX, bullion, equities, CFDs and fixed income products.
Blackwattle appoints Equity Trustees
Blackwattle Investment Partners, a start-up Australian equity investment manager, has chosen Equity Trustees to be the responsible entity (trustee) for its first range of Australian equity funds: the Blackwattle Small Cap Quality Fund, Blackwattle Large Cap Quality Fund, Blackwattle Mid Cap Quality Fund and Blackwattle Long-short 130/30 Quality Fund.
Socium implements Sentry
Socium Fund Services, the U.S.-based subsidiary of Suntera Global, has implemented the Sentry loan portfolio management technology from Broadridge. Socium is a private capital and credit fund administration firm. Sentry is a scalable web-based solution that captures, calculates, and analyses the borrower’s KPIs, monitors the pipeline, improves credit selection, and creates reusable covenant rules. As…
Ocorian hires global head of fund accounting
Ocorian, the C.I.-based provider of alternative fund services, has appointed Eamon Burns as global head of fund accounting. Previously Burns was EMEA head of private markets accounting at BNY Mellon, based in Dublin.
NatWest wins depositary mandate
NatWest Trustee and Depositary Services has been selected as Tenzing’s depositary provider to support the firm’s regulatory oversight requirements. Headquartered in London, Tenzing is a private equity firm investing in a diversified portfolio of tech and tech enabled businesses.
Citco upgrades Æxeo
Citco has upgraded its Æxeo Treasury platform to enable users to transfer securities via Swift through its new securities transfer service, Securities View.