Carne Group, the Ireland-based provider of fund management solutions, has appointed Marty Dobbins as a non-executive director of its Luxembourg fund management company. Dobbins, who is the CEO of Sage Advisory, s.a.r.l, was formerly CEO & country head for State Street in Luxembourg. Earlier this year Dobbins was appointed as a director of Gen II…
Category: Independents
JTC appointed to administer USD282m Round Hill Music Royalty Fund
JTC, the C.I.-based administrator, has been appointed as administrator and registrar for the Round Hill Music Royalty Fund Limited following its listing on the specialist fund segment of the main market of the London Stock Exchange, for which JTC acted as receiving agent. The fund raised USD282m on launch and will be managed by Round…
Apex to service new Irish RE fund for Valpre Capital
Apex has been appointed to provide fund administration services, corporate and depositary solutions to Valpre Capital UK Limited, a UK-based investment firm focused on sourcing, structuring and seeding real estate and private equity investments. Apex will administer the Valpre Capital Dublin Real Estate Fund LP, which has a target portfolio size of c. EUR150m and…
Sanne promotes Rubina Toorawa to Mauritius country head
Sanne, the UK-listed provider of alternative asset and corporate business services, has promoted Rubina Toorawa from COO, Mauritius to the role of country head, Mauritius. She will be taking over from Peter Nagle as he transitions to a newly created role as managing director, global head of client growth, remaining in Mauritius.
Crestbridge appoints Dean Hodcroft as CEO
Crestbridge, the C.I.-based provider of fund and corporate services, has appointed Dean Hodcroft as its incoming CEO. Hodcroft will succeed Graeme McArthur as the group’s CEO with effect from 1 July 2021. Hodcroft joins from Cale Street Partners, a real estate investor, where he was CFO. He will be based in Jersey.
Deutsche Borse to acquire 80pct of ISS
Deutsche Börse AG, Institutional Shareholder Services Inc. and Genstar Capital LLC have reached an agreement for Deutsche Börse to acquire a majority share of approximately 80pct in ISS, valuing ISS at USD2,275m (EUR1,925m). Genstar Capital and current management will continue to hold a stake of approximately 20pct. The transaction is expected to close in the…
FNZ to acquire Silica from Ninety One
FNZ, a global wealth management platform with over EUR700bn in assets under administration, has agreed to acquire South African third-party administrator Silica from Ninety One. Silica was established by Ninety One (then Investec Asset Management) in 1999 and provides third-party administration and related technology solutions to asset managers and investment product providers (including Ninety One)…
Apex partners with RepRisk for private markets ESG data
RepRisk, an ESG data science firm based in Switzerland, and Apex, a global financial services provider, have entered into a strategic partnership to expand access to material ESG risk data for private markets participants. Apex manages the independent collection of data for investors from their underlying portfolio investments to deliver real time ESG analysis. Apex’s…
Alter Domus opens Cayman office
Alter Domus, the Luxembourg-based provider of solutions to the alternative investment industry, has opened an office in the Cayman Islands. David Boyd has been appointed Cayman country executive, leading Alter Domus’ Cayman Islands fund administration, corporate and fiduciary services. He will report directly to Paul Woods, regional executive for North America. He joins from Forbes…
Carlyle leads new equity investment for Apex
The Carlyle Group has led a preferred equity investment for Apex Group, the Bermuda-based global financial services provider. Apex will use the capital to support ongoing growth and acquisition activities, including its previously announced acquisitions of Luxembourg-based FundRock and Banco Modal’s alternative fund administration business in Brazil. Carlyle recently agreed to buy a majority stake…