Temenos, the Swiss-based provider of fund servicing software, has launched Multifonds Navigator, an NAV oversight and contingency solution for asset managers who outsource their fund accounting operations to third-party administrators. Multifonds Navigator provides an estimated NAV and IBOR valuation that is calculated across asset classes and multiple jurisdictions automatically. This allows asset managers to independently…
Category: Independents
Secfi appoints SS&C
Secfi, a U.S.-based employee equity planning and financing platform, has appointed SS&C to provide administration and fund accounting for its fund. In addition, SS&C’s Precision LM and TNR Solution will facilitate access for private company shareholders and employees looking for financing or liquidity for their employee stock options. SS&C will support the financing of pre-IPO…
Vistra granted PSD2 licence in the Netherlands
Vistra, a service provider to fund, corporate, capital markets, and private wealth clients, has been granted a European Payment Service Directive 2 (PSD2) licence by the Dutch Central Bank. This enables Vistra to offer escrow and settlement services globally from its Netherlands office. Vistra has USD395bn AuA.
Gen II shakes up senior management team
Gen II Fund Services, LLC, thought to be the largest independent private capital fund administrator in the U.S., has shaken up its senior management team. Steven Millner becomes chief executive officer. Since co-founding Gen II in 2009, Millner has served as a managing principal and as a member of the firm’s executive committee. Gen II…
Apex to acquire in Malta
Apex plans to acquire ZASMalta, a specialist provider of regulatory compliance and risk management services. Malta-based ZAS provides regulatory compliance and risk management, reporting and internal audit services to USD20bn of assets across 50 clients. The acquisition will expand Apex’s presence in the Malta market where the group has been actively involved in the funds…
Suntera appoints MD of C.I.
Suntera Global, the UK-based provider, has appointed Dan Bisson as managing director of its operations in the Channel Islands. He will oversee operations in both Jersey and Guernsey, leading a 130-strong team delivering a range of private wealth, fund and corporate services. Prior to his new role, Bisson was the managing director of Nedgroup Trust,…
Apex to administer ETFs for 3iQ
Apex has been appointed as administrator by 3iQ Digital Asset Management, Canada’s largest digital asset investment fund manager that offers investors investment products to gain exposure to digital assets. Founded in 2012, 3iQ is Canada’s largest digital asset investment fund manager with more than CAD1.8bn (USD1.4bn) AuM. New funds, 3iQ CoinShares Bitcoin Feeder ETF and…
Ultimus hires Sean McLean
Ultimus Fund Solutions, a U.S.-based independent provider of private equity fund administration, accounting, and investor solutions, has hired Sean McLean as senior vice president, retail alternative fund services. McLean will lead the fund accounting group that services Ultimus’ retail alternative fund business, which includes interval funds, tender offer funds, and business development companies. He reports…
FundRock opens in Amsterdam
FundRock, the Apex-owned UCITS ManCo and AIFM provider, has opened an office in the Netherlands for its subsidiary, FundRock Distribution S.A.
Odyssey hires head of sales & marketing
Odyssey Trust Company, the Canada-based trust and transfer agency provider, has hired Sarah Gilroy as its executive vice president, sales and marketing. Gilroy was previously vice president, business development at Computershare.