Paul Wahmann has joined Ultimus Fund Solutions as an SVP in the middle office products team. Based in Colorado, he joins from BBH, where he spent over 16 years, most recently as an SVP in investment operations.
Category: Headlines
Elevar appoints SS&C GlobeOp
Elevar Equity, an emerging markets-focused venture capital firm, has appointed SS&C GlobeOp as its fund administrator. The Cayman Island-based venture capital firm has a range of funds domiciled in the Cayman Islands, Canada, Mauritius and India. SS&C’s India-based team will support the business.
BCI invests in ZEDRA
ZEDRA, the Switzerland-based provider of fund and corporate services, has reached an agreement to receive a strategic minority investment from British Columbia Investment Management Corporation, one of Canada’s largest institutional investors. This investment will be made in partnership with ZEDRA’s management team, and the company’s existing majority investor, Corsair, which will remain the majority shareholder.
Anchorage expands asset coverage
Anchorage Digital, the U.S.-based, federally chartered bank that acts as a digital custodian, has added custody support for 31 new digital assets from Q4 2021 to date. Anchorage recently completed a USD350m Series D funding round led by KKR, valuing it at >USD3bn.
Saltgate hires new head of depositary
Saltgate, the C.I.-based alternatives administrator with c. USD100bn AuA, has named Jean-François (Jeff) Flamant as its head of depositary. He joins from TMF Group, where he was head of depositary services.
NatWest wins new depositary mandate
NatWest Trustee and Depositary Services has been appointed as the depositary for Beechbrook Capital LLP’s latest fund in its UK SME strategy, Beechbrook UK SME Credit III LP. Beechbrook Capital is a specialist direct lender which focuses on investments in small to medium-sized businesses (SMEs) across a range of industries in the UK and Europe.
U.S. Bank implements ESG solution
U.S. Bank has deployed Sustainalytics, the provider of ESG research and ratings owned by Morningstar, to offer ESG data solutions to its global fund services clients. U.S. Bank has integrated Sustainalytics’ research and ratings to support portfolio analysis which enables regulatory compliance and investor and financial reporting capabilities to address regulatory and investor reporting demands.…
Waystone supports new energy fund
Waystone, the provider of global governance and third-party ManCo services, has supported the launch of the Kayne Anderson Renewable Infrastructure Fund on the MontLake UCITS Platform ICAV. The fund, managed by Kayne Anderson Capital Advisors L.P., follows a long-only strategy, investing in listed renewable infrastructure companies that are involved in business activities related to renewable…
Preqin expands in Europe
Preqin, the provider of alternative assets data, tools, and insights, has opened an office in Frankfurt, Germany.
HSBC launches new PA admin platform
HSBC has launched a new technology platform to provide private asset administration services to asset owners and managers. The new platform, powered by SEI, offers private asset investors digital workflow and reporting solutions, allowing them to oversee (via a consolidated data stack) all aspects of their operating model – from fund accounting to investor reporting.…