IDR, the private funds clearinghouse, has appointed Jason Meklinsky as chief revenue officer, based in the U.S. He joins from Suntera. IDR is the investor clearinghouse for private markets, connecting over 53,000 investors with 8,400 funds and 500 managers.
Category: FinTech
SimCorp hires from CRD
SimCorp has hired Jason Pietrafitta as head of customer success for Asia Pacific, based in Singapore. He was previously at CRD, a State Street company.
SS&C to acquire Battea
SS&C has signed a definitive agreement to acquire Battea-Class Action Services, LLC, a provider of securities class action claims management and settlement recovery services. The purchase price is c. USD670m, subject to certain adjustments. Battea helps more than 900 banks, asset managers hedge funds and proprietary trading firms to receive the maximum distribution of entitled…
Ultimus partners with Cascata
Ultimus LeverPoint Private Fund Solutions, which services nearly 220 alternative managers with USD235bn AuA, has formed a partnership with Cascata Solutions, the provider of automated distribution waterfall and management solutions, to launch uWaterfall. uWaterfall elevates carried interest and fee management through data transfer, automated high-precision waterfall calculations, and full-formula transparency.
Kohli joins Pirum
Pirum, the UK-based fintech focused on securities finance and collateral management, has appointed Amit Kohli as EMEA key account management director. He joins from KPMG, where he helped to build the firm’s capital markets consulting business.
FINBOURNE raises funds
FINBOURNE Technology, a fintech specialising in data management for the investment sector, has completed a secondary funding round. This follows a Series B funding round of GBP55m (USD72m) in June 2024 and brings the total to over GBP100m (USD131m). It allows for six investors to follow-on from their original investment and four additional investors to…
TRS selects SimCorp One
SimCorp, the fintech owned by Deutsche Börse Group, has signed a deal with the Teacher Retirement System of Texas (TRS) to implement SimCorp One, its end-to-end investment platform that supports the entire investment lifecycle for public and private markets. TRS is the seventh largest pension plan in the U.S., with USD202bn AuM.
Mesh ID hires CRO
Mesh ID, a provider of digital KYC and AML onboarding solutions, has hired Rinse Tulp as chief revenue officer. He is based in Amsterdam.
BNY to acquire Archer
BNY has entered into a definitive agreement to acquire Archer Holdco, LLC a provider of managed account solutions to the asset and wealth management industry. Archer provides asset and wealth managers with middle- and back-office solutions to address the managed account needs of institutional, private wealth and retail investors.
GTCR buys AssetMark
AssetMark Financial Holdings, Inc., a wealth management technology platform for financial advisors, has completed its acquisition by GTCR, a private equity firm. The acquisition is valued at approximately USD2.7bn, The closing of the acquisition concludes its partnership with Huatai Securities. Concurrent with the closing, AssetMark announced the appointment of Lou Maiuri as chairman and group…