ZEDRA, the Switzerland-based provider of corporate services, wealth and fund solutions, plans to acquire BNP Paribas Jersey Trust Corporation Limited. The transaction is subject to regulatory approval. The trust company offers trustee and fiduciary services to its clients. The firm also has over a decade of experience providing trustee services to private equity and real…
Category: Independents
Deutsche Börse to acquire Kneip
Deutsche Börse Group is expanding its offering in the data services space by acquiring Kneip Communication S.A., a leading European fund data specialist. The companies have reached an agreement through which Deutsche Börse will acquire 100pct of the Luxembourg-based fund data manager. Further terms of the transaction were not disclosed. The transaction is expected to…
Apex appoints head of U.S.
Apex Group has appointed Krishna Prasad as head of U.S. Based in New York, Prasad will report to Georges Archibald, managing director of Americas. He was previously an independent consultant.
Crestbridge hires new head of UK RE
Crestbridge, the C.I.-based administration solutions provider, has appointed Barry Hindmarch as director and head of real estate – UK. He joins from Apex.
Charles River expands wealth management offering
Charles River Development, a State Street company, has established a strategic partnership with Advisor360°, a wealth management software company. The ability for mutual clients to leverage the capabilities of both firms aims to create an innovative and differentiated wealth management solution for the industry. John Plansky, head of State Street Alpha, said: “This partnership signals…
OurCrowd appoints Apex for new VC fund
Apex has been appointed by OurCrowd, a global venture capital investment platform, to provide fund services. Formed in 2013, OurCrowd is Israel’s most active venture capital firm, having deployed over USD1.8bn in committed capital to date. Apex will provide fund administration, transfer agency and custody services to OC50, a recently launched global VC fund.
Aztec appoints new chair
The Aztec Group, the C.I.-based administrator, has announced a new chair, as Patrick Gale steps down from the group board at the end of the current financial year, after five years in the role. He will be succeeded by his fellow board member Kathryn Purves, who has been a non-executive director since 2020.
Equity Trustees appointed as RE for three Sharia funds
Equity Trustees has been appointed responsible entity (trustee) for three Sharia-compliant funds spanning equity, property, and fixed income asset classes, launched by Australia-based investment manager, Hejaz Asset Management.
Highvern hires new COO
Highvern, the C.I.-based administrator, has appointed Anna Malorey as chief operating officer. Based in Jersey, she will initially co-ordinate the implementation phase of Highvern’s recent acquisitions and new office openings as the group continues to grow and expand into a number of new jurisdictions. She joins from R&H Trust Co in Jersey, where she was…
Vistra to implement Depowise solution
Vistra, the Singapore-based provider of fund administration and corporate services, has established a partnership with Depowise to adopt its depositary solution. Depowise is a European-based provider of regtech solutions. The new partnership allows Vistra to transform and digitise depositary business processes. Depowise will be rolled out across Vistra’s European depositary operations in the UK and…