Ultimus Fund Solutions has hired John Lehner as president, Ultimus Public Fund Solutions, and Jay Martin as president, Ultimus Private Fund Solutions, Jim Cass will transition to vice chairman of Ultimus, having previously served as president, Ultimus Private Fund Solutions. All three roles report to CEO Gary Tenkman. Martin was most recently president, investment services,…
Category: U.S. Bank
Ultimus hires retail alts chief
Ultimus Fund Solutions has appointed Nicholas Ablahani to lead its retail alternative investment business, underscoring the firm’s commitment to servicing registered products such as BDCs, interval funds, tender-offer funds, REITs and perpetual private placement vehicles. He joins from U.S. Bank.
U.S. Bank selects FRT
U.S. Bank has selected Financial Recovery Technologies (FRT) as its securities litigation service provider for custody clients. FRT provides comprehensive global class action monitoring, robust reporting, filing and recovery services. FRT will file class actions claims and antitrust suits on behalf of U.S. Bank custody clients enrolled in the service who hold impacted securities over…
U.S. Bank selects Fenergo
U.S. Bank Global Fund Services has engaged Fenergo, the provider of client lifecycle management technology, to digitise and streamline the investor onboarding and service experience. This is the first step in a multi-year transformation for the fund servicing business.
U.S. Bank creates investment services division
U.S. Bank has merged its global fund services and global corporate trust teams into a single investment services division led by Jay Martin. Martin has led global fund services since joining the bank in 2023.
U.S. Bank launches closed-end fund solution
U.S. Bank Global Fund Services has introduced its CEF Accelerator Platform, which provides a cost-effective way for investment managers to launch alternative investment products through registered closed-end funds. Rockefeller Municipal Opportunities Fund from Rockefeller Asset Management is the first fund to use the platform. The CEF Accelerator Platform brings a suite of partners – legal…
U.S. Bank expands APAC network
U.S. Bank has appointed Citi and HSBC as sub-custodians for its Asia-Pacific network. The initial markets included in this move are Hong Kong, India, South Korea and Taiwan. U.S. Bank is using Citi for India, whilst HSBC will be sub-custodian for Hong Kong, South Korea and Taiwan. Additional Asia-Pacific markets will be added in the…
Apex partners with Ownera
Apex has partnered with Ownera, a provider of tokenisation interoperability solutions, to deliver Apex’s range of services to any financial institution and issuer with an Ownera router. Ownera’s routers interconnect many of the world’s leading tokenisation platforms, including Digital Assets Canton, R3 Corda, Besu, Quorum, and Tokeny, extending access from these environments to buy-side demand,…
Grande joins U.S. Bank
U.S. Bank has appointed Thomas Grande as an alternatives relationship manager in its global fund services business. He is based in Boston and joined from Aliter Investment Services.
Cote takes new role at U.S. Bank
U.S. Bank has appointed Laura Cote as head of Global Fund Services (GFS) product. Cote has been with U.S. Bank for three years and was most recently a senior product manager for custody within the chief product office organisation. She previously spent 16 years at BBH, where she held operations and relationship management roles, as…