Phoenix Venture Partners has received approval of an Abu Dhabi Global Market (ADGM) fund manager licence. Phoenix Ventures is a specialist investment and asset management firm with a focus on early stage, technology-based investments across multiple industry segments. Apex will provide corporate and fund services to the company and its first fund, which is set…
Category: Headlines
Aztec hires U.S. private credit head
Aztec, the C.I.-based administrator, has appointed Todd Werner as U.S. head of private credit. He joins from Ultimus Fund Solutions where he was senior vice president of retail alternative funds.
Pirum hires for EMEA sales
Pirum, the fintech for securities finance and collateral management, has hired Jonathan Hodder to join the company’s origination sales team in EMEA. He joins from Transcend, where he led EMEA sales & business development.
Alter Domus supports Partners Group
Alter Domus, the Luxembourg-based provider of fund administration, asset and corporate services for the alternative investment industry, has signed an outsourcing partnership with Partners Group, one of the largest firms in the global private markets industry. The partnership sees Alter Domus support a broad range of operational functions for Partners Group’s closed-end product offerings, spanning…
Pirum expands into pre-trade space
Pirum, the fintech focused on securities finance and collateral management, has launched Pirum TradeConnect, a global, standardised and open pre-trade connectivity solution for equities and fixed income, fully integrated with Pirum’s established post-trade services. Pirum TradeConnect provides the ability to connect with any counterpart bilaterally, as well as directly with multiple venues, in any format,…
IQ-EQ hires Dutch commercial director
IQ-EQ has appointed Peter van Opstal as commercial director for the Netherlands. Prior to joining IQ-EQ, he was commercial director and management team member at Vistra in Amsterdam.
IDR boosts U.S. management
IDR, the private funds clearinghouse, has appointed Jason Meklinsky as chief revenue officer, based in the U.S. He joins from Suntera. IDR is the investor clearinghouse for private markets, connecting over 53,000 investors with 8,400 funds and 500 managers.
2Xideas adds to Northern Trust mandate
2Xideas AG has expanded its relationship with Northern Trust to include Integrated Trading Solutions (ITS). The Switzerland-based investment firm, with c. USD2bn in AuM, first appointed Northern Trust in 2022 as the firm’s fund accounting, financial reporting, transfer agency, custody, and depositary services provider. The firm currently manages four funds and several managed accounts, which…
SimCorp hires from CRD
SimCorp has hired Jason Pietrafitta as head of customer success for Asia Pacific, based in Singapore. He was previously at CRD, a State Street company.
JTC to acquire Citi Trust
JTC, the C.I.-based services provider, plans to acquire Citi Trust, the global fiduciary and trust administration services business, from Citigroup. Citi Trust provides trust solutions from New York, Delaware, South Dakota, Jersey, Singapore, Switzerland and the Bahamas. Total AuA serviced by Citi Trust is >USD70bn across over 2,000 UHNW client relationships, with an average tenure…