RBS Collective Investment Funds Limited (RBSCIFL), a wholly-owned subsidiary of the UK bank, NatWest, has renewed and expanded its transfer agency contract with SS&C. RBSCIFL migrated more than 700,000 child trust funds, 36,000 individual savings accounts, and 20,000 Junior Investor Savings Accounts to SS&C’s global investor and distribution solutions operation as part of the expansion.…
Category: Independents
IQ-EQ hires global head of transformation
IQ-EQ, the Luxembourg-based investor services provider, has appointed Frédérik Benoit as global head of transformation, a new role. Benoit, who will be based in Luxembourg, joins from Standard Chartered, where he was global head of fiduciary & fund services operations. IQ-EQ has recently been adding to its senior management team, with a new COO, CIO…
FundRock to support new RAIF for NRP MAM
FundRock, the Luxembourg-based third-party ManCo and AIFM owned by Apex Group, has supported the launch of NRP Maritime Asset Management’s (NRP MAM) Premium Maritime Credit Fund. FundRock will act as AIFM and deliver FX services via Apex Group subsidiary EDB. Premium Maritime Credit Fund, a Luxembourg-domiciled RAIF, reached first close in January 2022, raising USD110m,…
Link to administer Life Science REIT
Life Science REIT Plc has appointed Link Group as fund administrator, registrar, and company secretary. The mandate follows Life Science REIT Plc’s GB350m (USD470m) initial public offering and its admission to the AIM market of the London Stock Exchange.
Ocorian hires regional head of fund services
Ocorian, the C.I.-based administrator, has hired Mary Bruen as regional head of fund services for its Jersey, Guernsey and Isle of Man offices. She joins from Link Group, and is based in Jersey.
ChiLin selects PFS-PAXUS
ChiLin Global Fiduciary Services Ltd, a Mauritius-based professional services firm and full-service fund administration provider, has selected the PFS-PAXUS fund administration system for its third-party fund administration business operations. PFS-PAXUS is a product of Pacific Fund Systems, a provider of global fund administration software. PFS-PAXUS will provide ChiLin Global with multi-currency fund accounting, portfolio valuation,…
Allvue strikes deal with PitchBook
Allvue Systems, a U.S.-based alternative investment technology solutions provider, has formed a strategic partnership with PitchBook to bolster its capabilities for LPs, including fund of funds, endowments, and pensions. PitchBook is a data provider for the private and public equity markets. Through this partnership, Allvue’s clients will have access to PitchBook’s Private Market Benchmarks as…
Fireblocks hits USD8bn valuation
Fireblocks, the U.S.-based crypto services provider in which BNY Mellon has a stake, has raised USD550m in Series E funding. This brings its valuation to USD8bn, making Fireblocks the highest-valued digital asset infrastructure provider in the world. This follows the recent USD350m fundraising round by Anchorage Digital, the U.S.-based crypto custody platform, valuing the business…
Crestbridge appoints chief change officer
Crestbridge, the C.I.-based provider of corporate and fund services, has appointed James Young as chief change officer.He joined the business in 2018 as group head of technology & change.
IHS Markit partners with METACO
IHS Markit, the UK-based provider of information, analytics and solutions, has partnered with METACO, the Swiss-based provider of software and infrastructure to the digital asset industry. The partnership aims to deliver post-trade securities processing capabilities for digital assets. IHS Markit’s post-trade securities processing platform will be integrated with METACO Harmonize, a secure digital asset system,…