CACEIS Bank, the CACEIS group’s French banking entity, has been granted PSAN (digital assets service provider) status by the AMF, France’s financial markets authority. PSAN status enables CACEIS Bank to offer digital asset custody services to third parties, CACEIS says it is the first milestone in the development of a digital asset custody service that…
Category: Alts
Citco to open in Puerto Rico
Citco, the specialist alternatives administrator with USD1.8trn AuA, has chosen Mayagüez, Puerto Rico, as its latest base for a client support centre. Citco says it has chosen Puerto Rico due to its broad availability of educated professionals in the financial sector. The Mayagüez office, which will open in 2024, will be led by Colin Johnson,…
Pricoa taps Apex for Spanish deal
Pricoa Private Capital, part of PGIM, has appointed Apex to support its provision of senior capital to Real Betis Balompié for refinancing. Real Betis is a Spanish professional soccer club based in Seville. Pricoa has provided the club with a EUR65m senior secured term loan. Apex in Spain acted as the facility and security agent…
Zodia hires ops head
Zodia Custody has appointed Samuel Max Howe as head of operations. He joins from GSA Capital, a multi-asset quant hedge fund, where he was head of crypto operations.
Gen II hires BBH veteran in Lux
Michael Mekhaeel has joined Gen II Fund Services as head of depositary at Gen II Luxembourg Services, a wholly-owned subsidiary. Mekhaeel previously spent 17 years at BBH in Luxembourg. Gen II focuses exclusively on the private capital sector, and claims to have USD900bn AuA.
Torstone hires new CFO
Torstone Technology, a UK-based SaaS platform provider for post-trade securities and derivatives processing and risk management, has appointed Neil Mardon as CFO. He will also join Torstone’s board of directors. Mardon was previously CFO and later COO at Daiwa Capital Markets Europe.
Citco opens new Guernsey office
Citco, the specialist asset-servicing provider to the alternative investment sector, has opened a new office in Guernsey, focusing on private equity and private credit. Citco opened its first Guernsey office in 2014.
Compre expands Clearwater mandate
Compre Group Holdings Limited, a Bermuda-headquartered international legacy group, is expanding its partnership with Clearwater Analytics to include additional transparency into alternative assets. Clearwater is a U.S.-based provider of SaaS-based investment management, accounting, reporting, and analytics solutions. Compre will use Clearwater LPx for transparency, exposure, and analytics. Compre currently uses Clearwater to streamline investment accounting,…
Zodia hires sales head for Europe & MENA
Zodia Custody has appointed Gary Afentakis as head of sales for Europe & MENA. He was previously at Matrixport.
J.P. Morgan adds sustainable investment data to Fusion
J.P. Morgan Securities Services has launched sustainable investment data solutions for institutional investors, available through Fusion, its data, analytics and reporting platform. These solutions will enable investors to extract value from sustainable investment data supplied by providers through normalisation, management, calculation, and screening capabilities. The solutions provide access to normalised data across providers while offering…