Apex has completed its acquisition of BRL Trust DTVM following final regulatory approval. BRL DTVM is the sister company of BRL Trust Investimentos, which was acquired by Apex in 2021. BRL DTVM provides fund administration to real estate, trade receivables and open-ended funds, as well as custody services and NAV calculation for all fund types.
Category: Headlines
RBC wins ETF mandates from Mulvihill
RBC Investor & Treasury Services has been appointed as custodian and fund administrator for three Mulvihill Capital Management ETFs trading on the TSX: Mulvihill Canadian Bank Enhanced Yield ETF, Mulvihill Premium Yield Fund ETF, and Mulvihill U.S. Health Care Enhanced Yield ETF. Mulvihill, a Toronto-based wealth management firm, is a recent entrant to the ETF…
Pirum hires EMEA director of origination
Pirum, the UK-based fintech, has appointed Stuart Cornock as EMEA director of origination. He joins Terry O`Brien and Scott Brown in London in the origination team. Previously, Cornock was at S&P Global.
PenSam works with SimCorp on alts data extraction
PenSam, the Danish labour market pension fund, has adopted SimCorp’s new machine learning product, Intelligent Document Processing, delivered through the SimCorp Dimension platform. Intelligent Document Processing automates the extraction of unstructured data from private market funds. PenSam has EUR22.8bn (USD24bn) AuM, of which alternatives have reached EUR6.7bn (USD7bn). Intelligent Document Processing has been developed in…
IQ-EQ appoints new China head
IQ-EQ has appointed Clare Chang as managing director of Greater China. She was previously business development director for funds in Asia at IQ-EQ. She will report directly to Michael Marquardt, regional CEO for IQ-EQ in Asia.
Deutsche Pfandbriefbank appoints UI for new RE fund
As part of its new real estate investment management business, Deutsche Pfandbriefbank AG (pbb) will work with Universal Investment as a fund service platform provider. Universal Investment will launch and administer the planned open-ended real estate special fund, which will focus on German office properties and mixed-use properties. Deutsche Pfandbriefbank is a specialist bank for…
Trident Trust opens in Houston
Trident Trust has opened a fund services representative office in Houston, Texas. Chelsea Harrington has relocated to Houston from Trident Trust’s 130-strong fund services hub in Atlanta to open the new office. Trident’s new presence in Texas means that it now offers fund services out of four US locations, with representative offices already in place…
Galaxy closes GK8 deal
Galaxy Digital Holdings, the financial services and investment management provider in the digital asset, cryptocurrency, and blockchain technology sectors, has completed its acquisition of substantially all of the assets of GK8, an institutional digital asset custody platform, for approximately USD44m.
Aztec supports Oakley’s Fund V
Aztec Group, the C.I.-based administrator, has supported the mid-market private equity investor, Oakley Capital, on the final close of its fifth fund. Oakley Fund V raised EUR2.85bn (USD3bn), nearly doubling the size of its predecessor. Aztec has also been appointed to provide ongoing administration and accounting services from its Luxembourg office.
State Street makes senior client management appointments
State Street has appointed Chelsea Grossman as head of client management for its agency lending business in North America, and Cassie Jones as head of client management for securities finance in the UK and EMEA. Grossman and Jones, based in Boston and London respectively, will report to Francesco Squillacioti, global head of client management for…