HIGHVERN, the C.I.-based administrator, has received authorisation from the Central Bank of Ireland to provide fund administration services to alternative funds. HIGHVERN launched its Irish business, with offices in Dublin, in January 2022. The firm recently appointed Colm Clifford as an Irish Independent Non-Executive Director, joining the board as an INED and chair, Clifford is…
Category: Independents
Apex completes Maitland deal
Apex has completed its acquisition of the fund services and third-party ManCo business operations of Maitland International Holdings plc, the South Africa-based fund services provider. Maitland provides services for 120 direct investment managers and 25 fund sponsors, with >USD200bn AuA and USD17bn AuM. Maitland’s 570 employees will join the group, expanding Apex’s existing presence in…
Formidium launches crypto tax service
Formidium, the U.S.- based administrator (formerly Sudrania), has launched Crypto Fund Tax, a suite of tax services, including tax allocations, reporting, and filings for funds invested in digital assets. Crypto Fund Tax is aimed at managers and funds that invest in cryptocurrency, DeFi, blockchain, mining, staking, NFTs, tokens, private equity, venture investments, and real estate…
HIGHVERN appoints INED for Ireland
HIGHVERN, the C.I.-based administrator, has appointed Colm Clifford as an Irish Independent Non-Executive Director. He will join the board as an INED and chair, alongside Ireland country head, Philip Dempsey, and fellow directors Emma Keane and Adrian Bailie. Clifford is a former KPMG audit partner, holding various senior leadership roles specialising in financial services.
Crestbridge appoints UK head of corporate services
Crestbridge, the C.I.-based alternatives fund services provider, has appointed Anthony Lee as UK head of corporate services. He joins from Apex, where he was head of listed funds, UK.
KAR appoints Apex for Australian fund
Kayne Anderson Rudnick, a U.S.-based manager, has appointed Apex Group to service its Australian fund. KAR has >USD45bn AuM, offering a variety of actively managed equity and fixed-income strategies to institutional, broker-dealer and high-net-worth clients. Apex will provide fund administration, custody and transfer agency services to the Kayne Anderson Rudnick Global Small Cap Fund.
STP acquires WealthSite
STP Investment Services, a U.S.-based fund administrator that was acquired by Lovell Minnick earlier this year, has acquired WealthSite, a firm that provides an accounting, portfolio management, reporting and analytics platform to single and multi-family offices, traditional wealth advisory firms and money managers serving UNHW clients. The acquisition brings STP’s total AuA to >USD400bn.
VIAM appoints Apex for new credit fund
Apex has been appointed by VI Asset Management to provide fund administration services for its inaugural evergreen Asia private credit fund. VIAM has >USD11bn AuM across multiple asset classes and business centres in Hong Kong, Singapore, and South Korea. The VI Asia Private Credit Fund LP will provide financing solutions to Asian SMEs that are…
Intech appoints SimCorp
Intech, a quantitative asset manager, has selected SimCorp as its partner for the implementation of SimCorp’s investment operations service solution. The agreement covers the integration of SimCorp’s full lifecycle management service to support all of Intech’s post-trade, performance, compliance, and IBOR-related activities. As part of the agreement, SimCorp’s Snowflake-powered data warehouse and cloud-native client engagement…
Altum appoints CRO
Altum Group, a C.I.-based provider of fund, corporate, and family office solutions, has appointed John Everett as group chief risk officer. He was previously group chief risk officer at Equiom, and has also worked at the Jersey Financial Services Commission.