Aztec Group, the C.I.-based administrator, has appointed Jon Ball as client development director, based in the UK. In this newly created role, he will work closely with the client delivery and business development teams to build key relationships and ensure consistent service delivery. Previously a director within PwC’s strategic account management team, he worked with…
Category: Independents
Vistra appoints new head of Netherlands
Vistra, the Singapore-based provider of administration and corporate services, has appointed Nicole van Bunge as country managing director for the Netherlands. She joined Vistra Netherlands as head of business development in 2016.
Apex to administer new energy fund for Federation Asset Management
Apex Group has expanded its relationship with Federation Asset Management to administer the Sustainable Australian Real Asset Trust (SARA), an energy transition investment fund. Apex will provide fund administration, share registry and regulatory services. SARA will invest in renewable energy projects and developments, energy storage systems and other sustainable infrastructure projects and developments across Australia…
PNC appoints SS&C for accounting and operations
Producer’s National Corporation, a U.S.-based insurance holding company, has selected SS&C to manage accounting and operations across its alternative and fixed income investment portfolios. The mandate covers PNC’s three insurance companies: Unique Insurance Company, Viva Seguros Insurance Company, and Stonegate Insurance Company.
Insight sells Fenergo to Astorg and Bridgepoint
Insight Partners, the owner of Fenergo, the Ireland-based provider of KYC and client lifecycle management software solutions for financial institutions, has reached an agreement to sell the business to Astorg and Bridgepoint. Terms have not been disclosed.
CSC secures Irish depositary licence
CSC, a U.S.-based service provider, has secured a specialised depositary licence from the Central Bank of Ireland. This follows CSC’s Irish fund administration licence in 2020. CSC anticipates fund administration and depositary licenses in Luxembourg will follow shortly, which will complement existing service offerings in Ireland and the Netherlands.
Apex acquires Israel’s Tzur Management
Apex has acquired Tzur Management, an Israeli fund administrator with offices in Tel Aviv and New York. The acquisition of Tzur will add 90 employees and AuA of USD13bn. Founded in 2011, Tzur is a full-service fund services provider serving clients in the global alternative investment sector.
Catalyst hires Danielle Faul
Catalyst, the Cayman-based start-up administrator, has hired Danielle Faul as manager, digital fund services. She joins from Harmonic Fund Services, a Cayman-based independent financial services firm specialising in alternatives.
Lemanik takes over as ManCo for ICBC SICAV
Lemanik Asset Management, the Luxembourg-based ManCo and AIFM, has been appointed as ManCo for the ICBC (Europe) UCITS SICAV. The fund has currently two sub-funds: the China Opportunity Bond Fund and the ICBC Schroders Belt and Road Bond Funds, with ICBC Asset Management (Global) Company Limited (Asia) as investment manager and Schroder Investment Management (Hong…
Cowen invests in PolySign to develop digital assets custody
Cowen Digital Asset Investment Company LLC, a division of U.S.-based investment bank Cowen Inc., and PolySign, Inc. have formed a strategic partnership, to enable Cowen’s institutional clients to secure, access and leverage cryptocurrencies and digital assets in their portfolios. In support of the partnership, Cowen has made a USD25m investment in PolySign, leading the USD53m…