ZEDRA, the Cayman-based fund services provider, plans to acquire BFCS, the fund and corporate services arm of Banque Internationale à Luxembourg (BIL). The transaction is subject to regulatory approval from Luxembourg’s financial regulator, CSSF. BFCS, which has been active for more than 50 years, offers services and solutions in both the corporate and funds’ sector,…
Category: Independents
JTC to service Resolute’s two new Guernsey funds
JTC, the C.I.-based administrator, has been appointed by Resolute Capital Partners, a San Francisco-based private equity firm, to administer its two new Guernsey-domiciled international feeder funds. JTC Americas (formerly NES Financial) has been administering Resolute Capital’s private equity funds since 2018.
Oak Group confirms Graham McCormack as CEO
Oak Group, the Guernsey-based private client, corporate services and fund administration business, has appointed Graham McCormack as CEO. He has been acting CEO since former CEO Stuart Platt-Ransom left the role earlier this month. Prior to his role as CEO, he was COO of the Oak Group.
Lemanik to act as AIFM for new 3B health fund in Luxembourg
3B FUTURE HEALTH GP S.a.r.l., a Luxembourg-based GP, has launched the 3B Future Health Fund II, focused on early-stage investment opportunities in areas of high unmet patient needs. The fund is structured as a Luxembourg RAIF with Lemanik as the independent third party AIFM.
AssetMetrix establishes account management function
AssetMetrix, the Germany-based specialist asset servicing provider in which BNP Paribas has a stake, has appointed Joerg von Taube as head of the newly created account management function within its business development team. He joined AssetMetrix in 2017.
IQ-EQ makes senior appointments in Ireland and Guernsey
Two appointments at IQ-EQ, the Luxembourg-based administrator: Conor Joyce joins as head of transfer agency for its new Irish funds business. He was previously head of TA for SGSS in Ireland. Jacques Vermeulen has been promoted to chief commercial officer, Guernsey, a newly created role. He was previously part of the leadership team in Guernsey.
NES to service new OZ fund in Puerto Rico
NES Financial, the Silicon Valley-based administrator owned by JTC, has been contracted to provide its Opportunity Zone fund administration solution to Puerto Rico Opportunity Zone Fund, LP, an Opportunity Zone fund managed by Monllor Capital Partners LLC, a minority-owned alternative asset manager and fund sponsor with operations in the Commonwealth of Puerto Rico.
AMF approves FundRock’s French AIFM service
FundRock, the European third-party ManCo and AIFM that is owned by Apex Group, has received regulatory approval from AMF, the French financial markets regulator, for FFAM, its new AIFM service in France. The new service will assist international and domestic professional investors in accessing alternative asset classes, including private equity and real estate.
Link Group supports re-launch of Switzer FI fund in Australia
Link Group, the Australia-based administrator, and Switzer Asset Management have re-launched the Switzer High Yield Fund as a quoted managed (active ETF) fund, allowing units to be bought and sold on the stock exchange as well as directly from the issuer. This is the first fixed-income quoted managed fund to be launched on the Australian…
Apex to administer ETC for ETC Group
Apex Group is providing ETC Group with administrative support and trustee services for BTCetc ETC Group Physical Bitcoin, an exchange traded cryptocurrency (ETC) that tracks the price of Bitcoin, distributed by HANetf Limited. The ETC, which is listed on Deutsche Börse’s XETRA and SIX Swiss Exchange, has gathered >USD1.2bn AuM since launch in June 2020.…