UBS has joined the distributed ledger repo (DLR) platform launched by Broadridge Financial Solutions earlier this year. DLR provides a single platform where market participants can agree, execute and settle repo transactions. Under DLR, collateral can be detached from the trade agreement, while the cash remains off-chain. DLR allows for the immobilisation of the underlying…
Category: Independents
Centaur appoints new global head of business development
Centaur Fund Services, the Ireland-based alternatives fund administrator, has appointed Michael Marisca as global head of business development. Based in Centaur’s U.S. headquarters in New York, Marisca will report to Des Johnson, CEO of Centaur U.S. He joins from RS Metrics.
HomeCo appoints Equity Trustees as custodian for AUD650m REIT
Home Consortium has announced plans to list its new healthcare focused REIT, HealthCo Healthcare and Wellness REIT, on the ASX after raising AUD650m (USD477m). Equity Trustees has been appointed as custodian for the listed fund and currently acts as custodian for the HomeCo Daily Needs REIT.
GemCap promotes Conor Hoey to CEO
GemCap, the Ireland-based ManCo, has appointed Conor Hoey as CEO of Gemini Capital Management (Ireland). He was previously managing director. Hoey joined GemCap in 2016 from RBC Investor Services.
Apex hires two PA specialists for Asia Pacific & Australia
Apex has appointed Andrea Gallenca as head of private market sales for Australia, based in Sydney, and Prakash Kharel as head of real estate, Asia Pacific. Gallenca was head of sales at Alter Domus Australia. Kharel joins Apex in Singapore from Revantage Asia, provider of corporate services to Blackstone’s real estate investment structures and investment…
Ocorian supports GBP180m Seraphim Space Investment Trust
Ocorian, the C.I.-based administrator, has supported the GBP180m (USD250m) initial public offering of Seraphim Space Investment Trust plc on the main market of the London Stock Exchange. The trust is a closed-ended investment company and will invest in a diversified international portfolio of early and growth stage space technology businesses. Ocorian’s UK team is providing…
GK8 partners with Securrency
GK8, an Israel-based cybersecurity and digital asset custodian, has partnered with fintech company Securrency to provide banking clients with institutional-grade blockchain services. The partnership centres around GK8’s enterprise-grade custody solutions, which will become available to Securrency’s clients as it builds its tokenisation infrastructure. Securrency’s main focus is tokenising real-world assets such as stocks, commodities and…
Apex acquires Greenough Consulting Group in U.S.
Apex has acquired Greenough Consulting Group (GCG), a U.S.-based provider of finance, accounting, and human resources services to technology companies, venture capital and private equity funds. GCG’s client base is evenly split between start-ups or midmarket corporates, and venture capital and private equity funds.
EquiLend acquires majority stake in Stonewain
EquiLend, the fintech company for the securities lending, collateral and swaps industries, has acquired a majority stake in Stonewain Systems, an independent provider of software and solutions for the securities finance industry. EquiLend’s stake in Stonewain comes after a two-and-a-half year-partnership for EquiLend Spire.
Hugo Smyth joins Ocorian in senior cap mkts role
Hugo Smyth has joined Ocorian, the C.I.-based administrator, as head of business development – UK & Europe – capital markets. He is based in London and reports to Simon Behan, chief commercial officer. He joins from Deutsche Bank. Ocorian’s capital markets business includes loan administration and agency, debt restructuring and trustee services.