Confluence, a fintech provider for regulatory, analytics, and investor communications in the investment management industry, has appointed Kathleen Keenan as chief product officer. She will oversee Confluence’s product strategy and management, leading the company’s product and marketing divisions. She was most recently vice president of product management for investor communication services at Broadridge. Based in…
Category: Headlines
Alter Domus appoints new CEO
Alter Domus, the Luxembourg-based provider of fund services for the private equity, real assets and private debt sectors, has appointed Charlotte Hogg as CEO. She was previously CEO of Visa Europe and is a former deputy governor and COO of the Bank of England. She succeeds Doug Hart, who has served as CEO since 2019,…
Passthrough & Aladdin integrate
Passthrough, a fintech focused on fund workflow automation, and Aladdin, BlackRock’s technology business, have formed a partnership that integrates Passthrough’s digital subscription technology within the eFront platform to offer a unified investor experience. The collaboration enables common clients – from general partners to asset servicers – to digitise their investor onboarding process and deliver scalable…
Clearstream & SimCorp launch new service
Deutsche Börse is beginning to unveil its plans for its recent acquisitions. SimCorp, the fintech, and Clearstream, both owned by Deutsche Börse, have launched a partnership to incorporate Clearstream’s post-trade offering in SimCorp One, SimCorp’s front-to-back investment platform. SimCorp’s clients will have access to Clearstream’s fund data solutions through its Kneip platform to disseminate data,…
ProShares appoints Ultimus
Ultimus an independent provider of fund administration, accounting, and investor solutions, has been appointed by ProShares, a provider of ETFs and mutual funds, as fund administrator for 116 mutual funds offered by its affiliate, ProFunds. ProShares and its affiliates manage over USD80bn. Ultimus will provide fund accounting, financial reporting, tax and compliance services. The Ultimus…
Suntera to acquire Khepri
Suntera Global, the C.I.-headquartered provider of fund, corporate and private wealth services, has agreed to acquire Khepri Limited, the UK-based fund administration and corporate services provider, The deal is subject to regulatory approval and is expected to close in the second half of the year. Khepri has a team of more than 35 and services…
IQ-EQ acquires in U.S.
IQ-EQ, the Luxembourg-based administrator, has acquired South Watch LLC, a small provider of fund administration, outsourced CFO support and tax preparation services to hedge fund managers in the U.S. and Cayman Islands. The business was acquired from the majority shareholder, Everlane Equity Partners, and employee shareholders. The South Watch partners, Paul Timmins, Kirby Richards and…
GIC takes stake in Citco
Citco and GIC have entered a long-term relationship. As part of the agreement, GIC, the Singapore-based SWF, has become a minority shareholder in Citco. The founding Smeets family will remain the majority shareholder in Citco.
Apex to takeover Tokeny
Apex is to acquire a majority stake in Tokeny, the Luxembourg-based tokenisation solutions provider. The transaction, which will see Apex having 100pct control over the next three years, follows the initial investment and strategic partnership with Tokeny announced in 2023.
U.S. Bank selects Fenergo
U.S. Bank Global Fund Services has engaged Fenergo, the provider of client lifecycle management technology, to digitise and streamline the investor onboarding and service experience. This is the first step in a multi-year transformation for the fund servicing business.