Link Fund Solutions, the European arm of Australia’s Link Group, will adopt Milestone Group’s pControl Oversight platform. Australia-based Milestone, which is owned by BNY Mellon, provides oversight and backup NAV solutions to the investment management industry. pControl Oversight will allow Link Fund Solutions to independently verify NAVs received from its fund administrators and to mitigate…
Category: FinTech
Astorg selects LemonEdge
Astorg Group S.a.r.l Luxembourg has appointed LemonEdge, the UK-based platform provider for private markets fund and portfolio accounting, for LP, GP and fund accounting. Astorg is a pan-European private equity firm with over EUR18bn (USD19.5bn) AuM. One of Astorg’s portfolio companies is IQ-EQ, the Luxembourg-based administrator. On the LemonEdge platform, Astorg will manage accounting in…
ONE hires a Danloy (no, not that one)
Valentine Danloy has joined ONE group solutions in Luxembourg in a business development role. She was previously at Morgan Philips Group, a search agency.
ID-Pal appoints CCO
ID-Pal, the UK-based identity verification provider, has named Sara West as the company’s new commercial director. West joins from W2 Global Data, where she served as chief commercial officer since 2017 and as a member of its executive board of directors in 2019.
C-suite changes at Temenos
Max Chuard, CEO of Temenos, the Switzerland-based fintech provider that owns Multifonds, is to step down after 20 years of service. A search to identify a new CEO is under way, with the board of directors considering both internal and external candidates. Andreas Andreades, executive chairman, will assume duties as acting CEO whilst a new…
IDR doubles in 2022
IDR, the Guernsey-based fintech focused on investor onboarding for private markets fund managers, has reported doubled revenue and global headcount during 2022. IDR connects nearly 40,000 investors – over 50pct of the world’s private markets investors – to 5,500 funds. The firm has a presence in 11 locations worldwide and works with some of the…
BNP Paribas and SimCorp expand partnership
The securities services business of BNP Paribas has expanded its strategic partnership with SimCorp, a provider of SaaS investment management solutions, to offer insurance accounting and reporting solutions integrated with its custodian and banking services. This collaboration leverages SimCorp’s new SaaS solutions for investment operations and accounting services, and is built on the companies’ longstanding…
Enfusion appoints new board chair
The board of Enfusion, a U.S.-based provider of cloud-native SaaS solutions for investment managers, has appointed Michael Spellacy as board chair. He replaces Kathleen DeRose, who has been interim chair and remains a board director. Spellacy is currently CEO of Atlas Crest Investment Corporation. He was previously leader of Accenture’s global capital markets practice, where…
HIGHVERN hires CTO from Saltgate
HIGHVERN, the C.I.-based administration services provider, has appointed Tim McBain as group head of technology. Most recently he held a similar position at Saltgate.
Apex to acquire PFS
Apex is to acquire Pacific Fund Systems (PFS), the Isle of Man-based fund administration software provider, from its co-founders and Pollen Street Capital. The acquisition follows Apex’s longstanding partnership with PFS through the use of PFS-PAXUS and will expand use of the technology platform to enhance the delivery of timely, accurate and independent portfolio accounting,…