The Universal Investment Group will establish a dedicated ManCo for Germany’s largest public pension group, Bayerische Versorgungskammer (BVK). The purpose of the new company, which will operate under the name of UI BVK KVG, is to bundle BVK’s funds with the support of Universal Investment’s team. Over the medium term, UI BVK KVG will hold…
Category: Independents
Another senior manager leaves BBH
Mark Chessler has joined Alter Domus as a senior manager, based in the U.S. Chessler was previously at BBH, working in the alternative investments product group, and has also worked for State Street.
Ultimus hires senior business development manager
Ultimus Fund Solutions, an independent U.S.-based administrator, has hired Donald Colombo as senior vice president of business development. He will focus on supporting the firm’s growth in registered fund services in the institutional asset manager space, as well as growing Ultimus’ outsourced middle office presence. He joins from corfinancial, and has previously worked at Citi…
IQ-EQ hires new CCO for APAC
David Kim has joined IQ-EQ, the Luxembourg-based investor services provider, as chief commercial officer for APAC, based in Singapore. He joins from Northern Trust, where he was head of client relationship management for south-east Asia.
Nexo launches PB platform
Nexo, a regulated institution for digital assets, has launched Nexo Prime, a proprietary prime brokerage platform that enables institutional, corporate, and high-net-worth investors to trade, borrow, lend, and securely store their digital assets through a single product. Nexo Prime’s custody framework combines solutions from BitGo, Fireblocks, Ledger Vault, and Fidelity Digital Assets. All digital assets…
Al West to step down as SEI CEO
SEI has selected Ryan Hicke, currently executive vice president and chief information officer, to become the company’s next chief executive officer and a member of its board of directors, effective June 1, 2022. Hicke will succeed founder Al West, Jr., who is transitioning to the role of executive chairman after leading and growing SEI for…
IQ-EQ bolsters APAC client services team
IQ-EQ, the Luxembourg-based investor services provider, has added to its client services team in Asia. Andréia Prates and Rachael Leung have joined the business as client service directors. Prates joins IQ-EQ’s Singapore office as director, client services. She previously worked for Deutsche Bank, Standard Chartered Bank and Brown Brothers Harriman covering Asia, the Middle East…
Invictus converts crypto funds
Invictus Capital, a Cayman-domiciled manager, has migrated its tokenised crypto funds into a regulated mutual fund structure. All open-ended Invictus funds will now have the same oversight as other regulated mutual funds within the Cayman Islands. The funds will benefit from annual independent external audits and daily verification of fund assets by a licensed third-party…
Notion Capital expands Mainspring mandate
Mainspring, the UK-based administrator, has been awarded an additional mandate by Notion Capital, the VC firm focused on European SaaS and cloud investments. Mainspring will provide custody services for Notion’s Fund III, including sub-custody services for the fund’s depositary. Mainspring has been working with Notion for five years.
Broadridge hires new president of asset management solutions
Broadridge Financial Solutions, the U.S.-based fintech, has appointed Mike Sleightholme as president of its asset management solutions business. He will be responsible for driving Broadridge’s global asset management business growth, the strategic execution of client and market-focused solutions, and service delivery. Broadridge Asset Management Solutions supports hedge funds, asset managers, family offices, private debt/CLO managers,…