Weitz Funds, a U.S.-based manager, has transitioned transfer agency of its nine mutual funds to Ultimus Fund Solutions, the U.S.-based provider of fund administration, accounting, and investor solutions. Ultimus claims that this is the 20th TA conversion project since early 2020, representing over 100 funds converted on to its platform.
Category: Headlines
Stonegate appoints CIO
Stonegate Global Fund Services has appointed Adam Alesandro as chief information officer. He was previously in private practice.
Fnality & HQLAx complete DVP repo PoC
Fnality and HQLAᵡ have completed the first PoC DvP repo settlement across the Fnality Payment System (FnPS) and HQLAᵡ’s Digital Collateral Registry, bridging the DLTs of Enterprise Ethereum and R3 Corda. The proof of concept was supported by the project participants – Banco Santander, Goldman Sachs and UBS – and achieved by connecting HQLAᵡ with…
Genus extends relationship with RBC
Genus Capital Management has implemented the middle office end-to-end post-trade execution service from RBC Investor Services. Genus, a longstanding RBC client, is a Vancouver-based independent investment management firm. The trade management service delivers 24/6 coverage for all markets, providing near real-time transparency on the complete post-execution trade lifecycle, broker performance, and settlement risk. Stephen Au,…
SS&C acquires CFO
SS&C has acquired Complete Financial Ops, Inc. Fund Services, a Colorado-based fund administration firm. CFO Fund Services delivers fund administration to private equity funds and family offices. Terms of the all-cash deal were not disclosed. The acquisition adds 25 clients and eight employees.
Viridium hires CTO from Citi
Jörg Günther has joined Viridium, a specialist in the management of life insurance portfolios, as chief technology officer. He was previously with Citi, where he was global head of securities services technology, joining in 2019 from Northern Trust, where he was CTO for EMEA and chief information officer for its Corporate & Institutional Services business
Broadridge appoints chief product officer
Broadridge has appointed Martin Koopman as chief product officer, reporting to Tim Gokey, CEO. Koopman joined Broadridge in 2014.
U.S. Bank promotes Breda Sullivan
U.S. Bank has given Breda Sullivan an expanded role as head of depositary, custody and banking for its European investment services business. Sullivan has been with U.S. Bank since 2017, and was previously head of depositary services in Europe. Her promotion follows the recent appointment of Didier Delvaux as head of global fund services for…
Maples hires fiduciary head for Lux
The Maples Group has appointed Jorge Pérez Lozano as head of fiduciary services in Luxembourg. He joins from Amicorp, where he was COO. Regulated by the CSSF, the group’s Luxembourg office provides fiduciary, fund and entity formation and management services to a range of Luxembourg vehicles and clients, including corporations, banks, and structured finance arrangers,…
Galaxy to acquire GK8
Galaxy Digital Holdings Ltd., a financial services and investment management provider in the digital asset, cryptocurrency, and blockchain technology sectors, intends to acquire GK8, a secure institutional digital asset self-custody platform. The acquisition will be the result of a sale process executed in connection with Celsius Network LLC‘s Chapter 11 bankruptcy and is subject to…