Rob Naka has joined Sudrania Fund Services as SVP of client success. He will lead client advocacy, a service escalation point and consultancy resource for clients. Prior to joining Sudrania, Naka served as COO at Altegris/Artivest where he was responsible for the operational infrastructure of systems, processes, and personnel.
Category: Independents
Convergence acquires DNA
Convergence Inc. has acquired Double N Advisers, LLC (DNA). Carl Versella, DNA’s founder & CEO, will assume the role of managing director to lead its capital markets segment and its management consulting practice. DNA is an independent management consulting firm that delivers operations and business strategy to financial services companies and their service providers. Services…
LGL to deploy Allvue solutions
LGL Group, the C.I.-based provider of alternative fund, corporate, and family office services, has selected Allvue Systems, a provider of technology solutions for the alternative investments sector, to provide its fund accounting and investor portal platforms to support its fund administration business. Based in the U.S., Allvue was established in 2019 through the merger of…
EFA wins new Corsican fund
EFA, the Luxembourg-based administrator, has been selected by FemuQui Ventures, a Corsica-based manager, for the administration and accounting of its new fund, FIP Corse Suminà n°5. The investment policy of the fund is to achieve long-term capital gains on a diversified portfolio of investments consisting in particular of unlisted SMEs operating mainly in Corsica.
PolySign to acquire MG Stover
PolySign Inc., the U.S.-based digital assets fintech, has agreed to acquire MG Stover, a U.S.-based alternatives administrator with >USD40bn in digital assets under administration, believed to the world’s largest. The acquisition will enable PolySign “to deliver a comprehensive, vertically integrated custody, trading and administration offering to institutional investors for cryptocurrency and digital assets”. PolySign expects…
EFA owners agree to sell
Universal Investment Group and the shareholders of European Fund Administration (EFA) – Banque de Luxembourg, Banque et Caisse d’Épargne de l’État, Oddo BHF, Quintet Private Bank (Europe) S.A. –have entered into an agreement for the acquisition of EFA by Universal Investment Group. The transaction is subject to regulatory clearance by CSSF and is expected to…
R Cubed selects Ultimus
Ultimus Fund Solutions, a U.S.-based provider of fund administration, accounting, middle office, and investor solutions, has been appointed by R Cubed Global Capital, LLC to help launch a global ETF, (GDVD). R Cubed Global Capital focuses on seeking a balance between performance and volatility. Ultimus claims to be the third largest named ETF administrator in…
IQ-EQ appoints new Lux CCO
IQ-EQ, the Luxembourg-based investor services group, has named Bram Eijsbouts as its new chief commercial officer (CCO) for Luxembourg. Having joined IQ-EQ in 2020, he has been promoted from his previous role as head of business development for Luxembourg.
Highvern receives TCSP authorisation
Highvern, the C.I.-based administrator, has received Trust and Company Service Providers (TCSP) authorisation for its Ireland operation. This will allow the business to engage with a wider range of clients, offering a suite of corporate administration services to section 110 and SPV structures across debt, capital markets, real estate, infrastructure, private equity, aviation, and other…
Apex acquires U.S. tax specialist
Apex has acquired a majority shareholding in FTS, a U.S.-based tax services firm serving clients in the alternative investment and family office sectors. FTS provides tax planning, tax compliance, and tax structuring for private equity funds, and real estate funds. This dedicated tax offering complements Apex’s existing range of U.S. tax preparation services and support,…