Apex has opened an office in Riyadh,KSA. Regulated by Saudi’s Capital Market Authority, Apex Saudi Arabia will provide a range of financial services and solutions.
Category: Headlines
Ultimus supports CAZ fund launch
Ultimus, the U.S.-based provider of fund administration, accounting, and investor solutions, is supporting CAZ Investments with the launch of the CAZ Strategic Opportunities Fund. This is the first publicly offered vehicle from CAZ Investments, a private market investment firm with USD6bn AuM. The fund, structured as a tender offer fund, is designed to encourage long-term…
Northern Trust wins firefighters mandate
Northern Trust has been selected by the Firefighters’ Retirement System of Louisiana to provide asset servicing and data analytics capabilities for the USD2.4bn fund.
Qatar strikes first sec lending deal
The Qatar Stock Exchange and Edaa Qatar have overseen the first onshore securities lending and borrowing transaction in Qatar. HSBC acted as custodian and agent lender for this transaction while QNBFS acted as the borrower.
Aztec launches AIFM service
Aztec Group, the C.I.-based fund and corporate services provider, has launched its AIFM service in Luxembourg. The offering includes marketing, compliance, risk management, regulatory reporting and portfolio management.
Swissquote expands with BNPP
BNP Paribas has been mandated by Swissquote, a provider of online banking, to provide custody services. The mandate expands the existing relationship between Swissquote and BNP Paribas, which covers execution for cash equities, to include global and local custody services for Swissquote’s portfolio of assets in European markets.
Fenergo appoints EMEA MD
Fenergo, the provider of digital solutions for KYC, transaction monitoring and client lifecycle management, has appointed Ruth Ormsby as managing director of EMEA, based in London. Ormsby joined from Salesforce, where she served as a senior vice president for the UK and Ireland.
Nest moves to Northern Trust
Northern Trust has been appointed by Nest as its new fund administrator, replacing the current provider when the contract expires in October 2025. Northern Trust will provide services including custody, asset allocation and rebalancing, and performance measurement. Nest was set up to ensure every UK employer could offer a workplace pension to their employees. It…
Gen II hires Lux client service head
Gen II Fund Services has appointed Richard Browne as head of client service – Luxembourg. He joins Gen II having most recently served as deputy CEO and head of private asset fund administration at Credit Suisse Fund Services Luxembourg. The appointment follows the recent completion of Gen II’s acquisition of Crestbridge’s private equity and real…
BNY Mellon hires from J.P. Morgan
BNY Mellon has hired Sid Patel from J.P. Morgan as a senior director in the asset servicing business development organisation. Patel, who has also worked at BBH, is based in Boston.