Northern Trust in Guernsey has been appointed by venture capital firm BB Pureos Bioventures to provide fund administration and banking services for its first fund, BB Pureos Bioventures LP, with commitments of USD205m. Carey Olsen advised Pureos Bioventures on all legal and regulatory aspects of the fund’s launch as a Guernsey-domiciled closed-ended fund.
Category: Headlines
Investics to offer S-Ray ESG datasets
Investics Data Services, the Boston-based investment data & analytics firm founded by Bill Pryor, has reached an agreement with Arabesque S-Ray to provide a suite of Arabesque S-Ray ESG data through the Investics Cloud Ecosystem (ICE) and Investics DARTS data marketplace. Clients can subscribe to one or more of the various Investics DARTS Arabesque S-Ray…
TMF appoints Gaurav Richi Mehra as India head of funds services
TMF Group, the Netherlands-based professional services firm, has appointed Gaurav Rishi Mehra as head of funds services in India. He previously worked at KPMG. He will report to Andrew O’Shea, global head of funds services.
Centaur hires Gareth Davies as head of client service for PE
Centaur Fund Services, the Ireland-based fund administration and fiduciary services provider, has hired Gareth Davies as head of client service, private equity, Europe. Based in Centaur’s London office, he will support Centaur’s private equity clients and define Centaur’s PE strategy and business development plans. Most recently, he was head of EMEA client relationship management at…
Galaxy Digital to acquire BitGo
Galaxy Digital, a U.S.-based financial services provider in the digital asset, cryptocurrency, and blockchain technology sectors, has agreed to acquire BitGo, an independent digital assets infrastructure provider. BitGo was the first independent regulated custodian in the U.S., purpose-built for digital assets. It has >USD40bn AuC, serving over 150 exchanges and over 400 institutional clients.
Crestbridge hires Andy Le Couilliard for PE role
Crestbridge, the C.I.-based administrator, has appointed Andy Le Couilliard as associate director, private equity. He was previously at Intertrust.
Michiel Munting appointed MD of Ocorian Netherlands
Michiel Munting has been appointed managing director of Ocorian (Netherlands) B.V. He assumes the position in place of Maarten van de Vaart, who is to retire. Munting has been with Ocorian since 2016.
CC&L appoints HSBC to administer new Irish ICAV
HSBC has been appointed by Connor, Clark & Lunn Financial Group Ltd, one of Canada’s largest independent asset management firms, to provide fund administration, transfer agency, custody and depositary services to its first Ireland-registered UCITS umbrella fund. The initial sub-funds include the CC&L Q Emerging Markets Equity UCITS Fund and the CC&L Q Global Equity…
Northern Trust completes acquisition of Parilux
Northern Trust has completed its acquisition of Parilux Investment Technology, LLC, following its initial investment in the firm in 2018. Northern Trust’s Front Office Solutions business integrates Parilux’s software with a proprietary cloud-based web and mobile interface.
Michael Madsen joins HSBC to head global PA product
HSBC has appointed Michael Madsen as global head of product for private assets for its securities services business. In this new role, Madsen will focus on development of the private assets product strategy and operating model. He will be based in Luxembourg, reporting to Tony McDonnell, global head of alternative investments, securities services, and Niccolo…