Apex has appointed Kavitha Ramachandran as CEO of FundRock LIS (FR LIS) and head of third-party ManCo services in Luxembourg. Apex operates two ManCo entities in Luxembourg: FR LIS, focused on private assets and alternative strategies, and FRMC, focused on financial assets and liquid strategies.
Category: Headlines
NAV expands in Ireland
NAV Fund Services (Ireland) Ltd., a subsidiary of NAV, the U.S. based administrator, now offers fund administration solutions for UCITS, expanding its services for regulated investment funds domiciled in Ireland and the European Union.
TMF authorised in Dubai
TMF Group, the Netherlands-based administrator, has received regulatory approval from the Dubai Financial Services Authority to operate as a fund administrator within the DIFC. In addition, TMF will be licensed to act as a corporate service provider.
Apex supports Fidelity fund launch
Apex is providing transfer agency services to Fidelity International in support of the launch of its first tokenised product, which offers institutional and professional investors 24/7 liquidity. The capabilities are designed for on chain markets and real time processing environments. Apex acted as transfer agent, supporting digital investor onboarding, wallet whitelisting, and transaction processing for…
Fenergo launches digital subscriptions solution
Fenergo, the provider of AI-powered client lifecycle management (CLM) solutions, has launched its Digital Subscriptions capability, fully integrated within the Fenergo Investor Portal. This new offering enables buyside firms to digitalise and connect the end-to-end investor onboarding and fund subscription process. The solution is designed as a flexible add-on to Fenergo’s CLM platform, allowing existing…
Aztec hires CEO
Aztec, the UK-based provider of private markets services, has appointed Benjamin Lucas as CEO. He joins from Amundi Technology, where he was CEO. He succeeds Sean Hagerty, who has led the group as interim CEO since the departure of Kathryn Purves, and who will now return to his role as chair of the Aztec Group…
Carne hires from State Street
Carne Group, Europe’s largest third-party ManCo and a provider of fund regulation and governance solutions, has appointed Daniel Osborne as head of ETF solutions, based in London. He reports to Des Fullam, chief regulatory & client solutions officer at Carne. He was most recently COO and MD of the ETF business at State Street, where…
Swabey joins Arendt Investor Services
Henning Swabey has joined Arendt Investor Services as a senior client relationship director, based in Luxembourg. He was previously CCO at Governance.com. In 2025 BlackFin Capital Partners and Arendt entered into a partnership that will see BlackFin become the majority shareholder of Arendt Investor Services.
MUFG signs with Euroclear
MUFG has signed up for Euroclear’s Collateral Optimisation Service. The service enables clients to reduce their overall funding costs through a more cost-effective collateral allocation, freeing up high-quality liquid assets, and is fully integrated within Euroclear’s Collateral Highway, which surpassed EUR2trn in collateral under management in 2025.
BNY drops BK
In an incomprehensible act of mindless corporate vandalism, BNY has announced that it will change the ticker symbol for the common stock of The Bank of New York Mellon Corporation from BK to BNY. In its press release, BNY said that the “BNY ticker symbol aligns the company’s market identity more closely with its brand,…