Apex Group, the Bermuda-based administrator, has appointed Valerie Mantot-Groene as head of APAC. Based in Singapore, she joins from SANNE and reports to the global head of fund solutions, Srikumar T.E. She replaces Maggie Chan.
Category: Independents
SS&C to acquire Innovest for USD120m
SS&C has entered into a definitive agreement to acquire Innovest Systems for USD120m. New York-based Innovest builds systems for trust accounting, payments and unique asset servicing. The parties expect that the transaction will close in Q2 2020. The acquisition adds more than 150 full-time employees in New York, California, and Texas. Innovest’s flagship product, InnoTrust,…
SMP to buy RBC Corporate Services in Hong Kong
The SMP group of companies, a global professional and financial services group based in the Isle of Man, has agreed to acquire RBC Corporate Services Hong Kong Limited, a division of RBC Investor & Treasury Services. The transaction is subject to regulatory approval. The deal is supported by Palatine Private Equity LLP, a UK private…
MUFG IS hires Fabrice Mas to head PERA in Luxembourg
MUFG Investor Services has appointed Fabrice Mas as head of private equity & real assets in Luxembourg. Mas will be based in MUFG’s Luxembourg office and will report to David Rochford, global head of hedge funds and PERA. Mas joins from TMF Group, where he was head of fund administration and shareholder services.
Aztec Group promotes Matt Horton to group head of PE
Aztec Group, the C.I.-based administrator, has promoted Matt Horton to group head of private equity. He replaces Alan Ross, who moves to a new role as group head of transformation. Gavin Hayman has assumed Horton’s former position as jurisdictional head of private equity in Guernsey.
Intertrust supports USD1.9bn fund launch for iCON Infrastructure in Guernsey
Intertrust, the Netherlands-based provider of trust, corporate, private wealth, and fund and capital market services, has assisted iCON Infrastructure LLP with the first and final closing of its new USD1.9bn fund, iCON Infrastructure Partners V. iCON is an independent investment group focusing on privately held investments in infrastructure assets in Europe and North America. iCON…
IQ-EQ hires State Street’s Bruno Noyon as MD, France
IQ-EQ, the Luxembourg-based administrator, has appointed Bruno Noyon as managing director, France. He was previously COO for State Street’s global services business in France, having joined the bank in 2004 following State Street’s lift-out of AXA’s local back office. Last year IQ-EQ acquired Peru & Partners, a Paris-based fund administrator focused on the private equity…
NES to administer OZ funds for Opp Zone Capital
NES Financial, the Silicon Valley-based administrator, has been mandated to provide opportunity zone fund administration services to Opp Zone Capital, a U.S.-based OZ fund manager and sponsor with real estate and operating business investment offerings. NES recently announced that it is being acquired by JTC.
Ultimus to service new FI fund for Red Cedar IM
Ultimus Fund Solutions, the U.S.-based independent administrator, has been selected as the fund administration service provider for Red Cedar Investment Management, LLC, an asset manager and Registered Investment Adviser. The new fixed income fund, launched with Ultimus’ assistance, is part of a standalone proprietary trust and is comprised of high-quality, short duration bonds with a…
Cambria IM appoints SS&C ALPS as ETF service provider
Cambria Investment Management, a U.S.-based independent manager, has selected SS&C ALPS to provide full fund administration, accounting and distribution services for its range of 11 ETFs.