Vistra Fund Management, the Luxembourg-based third-party AIFM of Singapore-based Vistra Group, plans to acquire Kroll (Luxembourg) Management Company S.à r.l., a super ManCo with UCITs and AIF licences. The transaction is subject to regulatory approvals. Jan Vanhoutte will lead VFM’s expanded business as managing director. Anil Singh will continue with the business in a leadership…
Category: Headlines
Gen II hires bus dev MD
Gen II Fund Services, the independent private equity administrator, has hired Jeff Rosen as managing director of business development. Rosen joins from Ultimus LeverPoint, where he spent a year, and has also worked at Citco and Citi.
DBS transitions to Euroclear
DBS Bank, the Singapore-headquartered bank, has reached an agreement with Euroclear to onboard all of its investment funds onto Euroclear’s funds platform. The deal provides DBS Bank with a solution for fund distribution and execution services via Euroclear’s network. DBS Bank’s clients will now have access to more than 100,000 funds.
BNY Mellon expands in Florida
BNY Mellon is expanding its footprint in Lake Mary, Florida, one of its six key global operational centres. The bank plans a campus across two locations totaling 300,000 sq ft. This includes 200,000 sq ft of new office space at 600 Colonial Center Parkway, and renovations to its existing space (100,000 sq ft) at 300…
Langham Hall wins Farview mandate
Langham Hall, the UK-based administrator, has been appointed to provide administration and accounting services for the four deal structures of Farview Equity Partners from its Guernsey office. Langham Hall assisted Farview in transitioning structures from another administrator in 2022.
CastleArk selects SEI’s ETF platform
CastleArk Management, a USD3bn Chicago-based investment manager, has selected SEI’s Advisors’ Inner Circle Fund as its operational platform to launch the CastleArk Large Growth ETF, its first active ETF.
DTCC hires from BNY Mellon – again
DTCC has, once again, returned to BNY Mellon to hire a senior executive. Gloria Lio joins as head of enterprise services, responsible for leading strategy development for DTCC’s global business operations, client services, integration and business architecture. She reports to Frank La Salla, DTCC’s president & CEO, who was formerly at BNY Mellon. Lio was…
Waystone deploys pControl
Waystone Management (UK) Ltd has implemented the pControl NAV oversight platform from Milestone Group, the Australia-based provider of oversight and backup NAV solutions that is owned by BNY Mellon. The platform provides a NAV oversight and validation tool across Waystone Management UK’s portfolio of ACD clients, which currently includes approximately 160 funds with GBP85bn (USD106bn)…
TMF implements Sentry PM
TMF Group, the Netherlands-based provider of compliance and administration services, has implemented Broadridge’s Sentry PM, a cloud-based private debt and CLO portfolio management solution. The platform will enable TMF to launch a new service offering for CLO administration, which it plans to bring to market in 2024.
DTCC completes Securrency deal
DTCC has completed its acquisition of Securrency, the digital assets fintech. DTCC has rebranded Securrency as DTCC Digital Assets, reporting into Lynn Bishop, chief information officer. The former CEO of Securrency, Nadine Chakar, has been appointed global head of DTCC Digital Assets.