Glennmont Partners, the UK-based manager which focuses exclusively on investment in clean energy infrastructure, has appointed RBS International Depositary Services as depositary for the Nuveen European Core Renewable Infrastructure Fund. The new open-ended fund, which has an initial raising of EUR700m (USD683m), will invest in brownfield, renewable energy assets and projects across continental Europe. In…
Category: Headlines
Vistra appoints new CEO
Vistra, the Hong Kong-based fund and corporate service provider, has appointed Simon Webster as its new CEO. Based in Hong Kong, Webster will lead the business across 47 jurisdictions and will also join Vistra’s board following regulatory approval. He replaces Alan Brown, who has led Vistra since 2019. Webster was most recently group CEO of…
Saphyre adds new client
American Century Investments has selected Saphyre, the U.S.-based fintech using patented AI technology to solve pre-trade setups and post-trade issues, for custodial and broker fund onboardings, as well as maintenance.
Aztec appoints NED
Aztec Group, the C.I.-based alternatives administrator, has appointed New York-based Eric Bernstein as a non-executive director. Bernstein is currently COO at EquityZen, a technology start-up that connects shareholders of private companies with investors seeking alternative investments. Prior to this, he was president at Broadridge Asset Management Solutions. Aztec, which opened its first U.S. office in…
Derek Russell joins JTC
Derek Russell has joined JTC in Luxembourg as a client director. He was previously at Intertrust, which is being acquired by CSC.
Orchard Street appoints Langham Hall
Orchard Street Investment Management, a UK-focused commercial property investment manager, has launched its inaugural impact fund, Orchard Street Social and Environmental Impact Partnership. The fund is targeting commitments of GBP400m (USD460m), and has held a first close at almost GBP90m (USD104m) with the Brunel Pension Partnership acting as the cornerstone investor. Langham Hall been appointed…
Phoenix American wins new client
Phoenix American Financial Services has onboarded Leitbox Storage Partners, a U.S.-based real estate fund sponsor. Phoenix American will support Leitbox with its investor services platform, including the STAR-XMS shareholder management/transfer agency system.
ART consolidates with State Street
Local media reports in Australia suggest that the AUD230bn (USD148bn) Australian Retirement Trust has consolidated custody and administration with State Street. ART was formed following the merger of QSuper and Sunsuper. QSuper, the larger of the two funds, had previously used Northern Trust, whilst State Street serviced Sunsuper.
Highvern acquires in Cayman
Highvern, the C.I.-based administrator, has expanded into the Cayman Islands with the acquisition of Genesis Trust & Corporate Services Ltd. Genesis serves the private capital and funds governance markets.
Fessey steps down from EFA
Following the completion of its acquisition by Germany’s Universal Investment, Noel Fessey has stepped down as CEO of European Fund Administration.