Crestbridge, the C.I.-based administrator, has appointed Marie Morris as director, money laundering compliance officer. She will lead the financial crime compliance team in Jersey and act as the MLCO. Morris has over 25 years of experience in the finance industry. Prior to joining Crestbridge she was MLRO at a global bank.
Category: Alts
Fenergo signs Citco
Citco has signed a deal with Fenergo, the client lifecycle management specialist. Citco selected Fenergo’s CLM software as a SaaS platform to deliver end-to-end client journeys through front-to-back-office integrations with AML screening providers, and centralised document management. Citco, which claims to have USD1.8trn AuA, provides services for hedge funds, private equity, and real estate funds.
Waystone hires strategy chief
Kieran Conroy has joined Waystone as head of strategy for fund administration & product, based in Canada. He was most recently head of hedge fund services at Citco.
ICICI Venture expands with Apex
ICICI Venture, the India-based alternative investment manager, has expanded its longstanding relationship with Apex, appointing it to deliver end-to-end administration services to the India fund business. ICICI Venture is a pioneer in the Indian alternative asset management industry and partners with leading Indian and global institutional investors through various types of capital pools and investment…
RE manager selects Phoenix American
Phoenix American has been appointed by Wander, the real estate investment fund sponsor, to provide transfer agency, fund accounting and back-office services.
Purves to succeed Aztec’s Moore
Edward Moore, Aztec Group founder and CEO, is to become chair of the group board. He will be succeeded as CEO by current group chair, Kathryn Purves, effective 1 April 2023. Purves was appointed group chair in April 2022, having initially joined the group as a non-executive director in 2020.
Core opens in Guernsey
Core Fund Services (Guernsey) Limited has opened. Core is an independent, owner-managed business offering fund administration, accounting, compliance and corporate governance services to investment funds and management entities domiciled in Guernsey.
Apex to acquire BACSIL
Apex plans to acquire Bank of America Custodial Services (Ireland) Limited (BACSIL), the Irish depositary business of Bank of America. Apex will acquire BACSIL through its subsidiary, European Depositary Bank. The BACSIL business, based in Dublin, provides depositary services for client assets of USD71.4bn. Upon closing, BACSIL’s team will join Apex in Dublin.
Nippon Life India transitions to SS&C Eze
Nippon Life India Asset Management (Singapore) Pte. Ltd., the offshore platform of Nippon Life India Asset Management Limited, has transitioned its operations to the SS&C Eze asset management platform. The firm will now use the Eze Investment Suite ecosystem for its recently launched fixed income ETF, among other funds. Nippon Life India Singapore manages funds…
CSC wins commodities fund mandate
Unearth Capital Limited, a UK-based investment manager, has selected CSC Fund Administration (Ireland) as fund administrator for its inaugural hedge fund, the Unearth Chrome Fund. The fund provides exposure to the commodities sector.