IQ-EQ has acquired Gordian Capital Limited, which it claims is Asia’s first and largest institutional cross-border fund platform and fund solutions provider. Its client base consists of global and regional asset managers, internal and external investment teams, SWFs, DFIs, family offices and corporates, investing in private equity, real estate, venture capital, private credit, infrastructure, hedge…
Category: Independents
SS&C to acquire Calastone
SS&C has reached a definitive agreement to acquire Calastone, the largest global funds network and provider of technology solutions to the wealth and asset management industries, from Carlyle. The purchase price is c. GBP766m (c. USD1.03bn), subject to certain adjustments. Headquartered in London, Calastone connects more than 4,500 financial organisations across 57 markets.
CSSF approves Waystone ETF platform
Waystone, the provider of specialist services to the global asset management industry, has secured approval from CSSF for its Luxembourg UCITS platform, Waystone UCITS Platform (Lux) SICAV to integrate an ETF operating model. This enables the launch of ETFs alongside traditional UCITS products, offering international asset managers an efficient plug-and-play solution for market entry into…
Gen II hires in Europe
Gen II Fund Services, the U.S.-based private capital fund administrator, has appointed Ben Mardon as head of real assets, Europe, based in London. He has joined from Citco. In 2024 Gen II acquired Crestbridge, a UK-based private capital fund administrator.
Ultimus links to FRT
Financial Recovery Technologies, a global securities class actions recovery provider, has formed a partnership with Ultimus Fund Solutions, enabling Ultimus to offer its fund administration and middle office investment management clients access to FRT’s class action monitoring, filing, and recovery solutions while leveraging Ultimus’ platform for data onboarding and ongoing support.
Goji & Endava join forces
Endava, a business transformation group, has formed a partnership with Goji, the Euroclear-owned digital solutions provider for private funds. Goji and Endava have developed an Accelerated Integration Gateway Framework, an out-of-the-box, scalable, adaptable solution that decreases time to market and maximises return on investment, helping Goji and its clients to experience and deliver value more…
GemLife Partners with Equity Trustees
In Australia, GemLife has partnered with Equity Trustees as the responsible entity and custodian for the GemLife Communities Group Fund. This was the first fund to list under ASIC’s fast-track IPO process, which aims to improve market efficiency while maintaining strong investor protections.
Carne buys Mizuho ManCo
Carne Group, the European third-party ManCo, has completed the acquisition of Japan Fund Management (Luxembourg) S.A. (JFML) from Mizuho Trust & Banking (Luxembourg) S.A. JFML manages approximately USD5bn and supports the overseas investments of Mizuho’s Japanese institutional clients. Carne is acquiring the entire issued share capital of JFML,
Vistra appoints new CEO
Vistra, the Asia-based provider of business solutions, has appointed Kim Jenkins as CEO. She succeeds Simon Webster who has served as CEO since 2022. He will leave the company on 4 July, returning to Europe. Jenkins previously served as group CEO of Tricor and, following its merger with Vistra, became COO in 2024.
FundBank wins Lux licence
FundBank (Europe) S.A. is now live in Luxembourg, fully licensed by the European Central Bank and regulated by the CSSF. This authorisation as a full credit institution enables FundBank to serve clients across the European Union, delivering a compliant, cross-border banking infrastructure to the alternative investment fund (AIF) industry. FundBank supports the full lifecycle of…