Crestbridge, the C.I.-based administration solutions provider, has appointed Barry Hindmarch as director and head of real estate – UK. He joins from Apex.
Category: Independents
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…
Carne wins USD32.5bn ManCo mandate
Russell Investments has appointed Carne Group as third-party management company for 11 Russell umbrella funds, covering USD32.5bn AuM across 76 active sub-funds, said to be the world’s largest ManCo outsourcing deal to date, as measured by AuM. The funds are domiciled in Ireland and distributed globally. Russell Investments is a U.S.-based provider of investment solutions…
Metrics appoints Equity Trustees for new fund
Equity Trustees, the Australia-based provider of administration services, has been appointed responsible entity (trustee) and custodian for the Metrics Direct Income Fund, managed by Metrics Credit Partners, an Australian non-bank corporate lender and alternative asset manager specialising in origination and active management of private debt portfolios. The fund seeks to provide monthly cash income, capital…
SEI launches new data management functionality
SEI has launched Ledger, a new functionality designed to provide institutional investors and asset owners with the ability to view, update, and reconcile a comprehensive set of raw data within SEI’s portfolio intelligence tool, SEI Novus. Ledger can help users rectify contradictory or delayed information in order to provide clients with greater transparency, accuracy, and…