Vistra, the Hong Kong-based fund and corporate service provider, has appointed Simon Webster as its new CEO. Based in Hong Kong, Webster will lead the business across 47 jurisdictions and will also join Vistra’s board following regulatory approval. He replaces Alan Brown, who has led Vistra since 2019. Webster was most recently group CEO of…
Category: Independents
Aztec appoints NED
Aztec Group, the C.I.-based alternatives administrator, has appointed New York-based Eric Bernstein as a non-executive director. Bernstein is currently COO at EquityZen, a technology start-up that connects shareholders of private companies with investors seeking alternative investments. Prior to this, he was president at Broadridge Asset Management Solutions. Aztec, which opened its first U.S. office in…
Derek Russell joins JTC
Derek Russell has joined JTC in Luxembourg as a client director. He was previously at Intertrust, which is being acquired by CSC.
Orchard Street appoints Langham Hall
Orchard Street Investment Management, a UK-focused commercial property investment manager, has launched its inaugural impact fund, Orchard Street Social and Environmental Impact Partnership. The fund is targeting commitments of GBP400m (USD460m), and has held a first close at almost GBP90m (USD104m) with the Brunel Pension Partnership acting as the cornerstone investor. Langham Hall been appointed…
Phoenix American wins new client
Phoenix American Financial Services has onboarded Leitbox Storage Partners, a U.S.-based real estate fund sponsor. Phoenix American will support Leitbox with its investor services platform, including the STAR-XMS shareholder management/transfer agency system.
Highvern acquires in Cayman
Highvern, the C.I.-based administrator, has expanded into the Cayman Islands with the acquisition of Genesis Trust & Corporate Services Ltd. Genesis serves the private capital and funds governance markets.
Fessey steps down from EFA
Following the completion of its acquisition by Germany’s Universal Investment, Noel Fessey has stepped down as CEO of European Fund Administration.
SS&C Aloha gains momentum
SS&C has reported that more than 25 clients have signed up for its front-to-back platform, SS&C Aloha. Asset and wealth managers in more than 15 countries across North America, EMEA, APAC and Australia have selected SS&C Aloha in the last 12 months. SS&C Aloha supports investment operations on a single cloud-native system.
Major M&A deals close in Europe
Two major M&A deals have closed: CSC and Intertrust have announced that shares representing 94.66pct of Intertrust’s outstanding capital have been tendered under the offer and that all other offer conditions have been satisfied. As a result, CSC has declared the offer unconditional. Settlement of the offer will take place on 4 November 2022. Waystone…
Apex expands in Australia
Apex has expanded its global compliance solutions service to Australia. This follows the recent expansion to the Singapore and U.S. markets, with compliance services now offered across more than 13 jurisdictions in four regions. In Australia, the team will be led by Karen Waldon-White. Prior to its acquisition by MMC in 2021, she was CEO…