Carne Group, a Luxembourg-based provider of ManCo and related services, has appointed Bill Gourlay as global head of relationship management. Gourlay was previously a partner at Aon with global responsibility for its investment solutions business. He has also worked at Royal Bank of Canada, SWIFT, Deutsche Bank, State Street and Bankers Trust. Gourlay will be…
Category: Independents
Ultimus hires Ned Siegel for private funds bus dev
Ultimus Fund Solutions, the U.S.-based independent administrator, has appointed Ned Siegel as senior vice president of business development within Ultimus LeverPoint, its alternative fund administration business. Based in Boston, Siegel will be part of a team responsible for growth of the firm’s private fund administration services. Prior to joining Ultimus, Siegel’s most recent role with…
AEG selects SS&C’s Precision LM loan servicing platform
American Enterprise Group has selected SS&C’s Precision LM platform for loan servicing, accounting, asset management, valuation, and reporting. AEG has multiple insurance company subsidiaries under the American Republic, Great Western Insurance Company, and Medico brands.
SANNE hires RBC’s Marta Ciemiega as U.S. bus dev director
SANNE, the UK-based administrator, has appointed Marta Ciemiega as business development director in the U.S. Based in New York, she will focus on building new relationships with fund managers who have investment strategies spanning private equity, real assets, infrastructure, private credit and hedge. She joins from RBC Investor & Treasury Services.
EFA to service Espiria funds for East Capital
EFA, the Luxembourg-based administrator, has been appointed by East Capital Group to provide fund administration and related services for the Espiria fund range. Espiria has five sub-funds and uses asset pooling, with >EUR1bn AuM. For more than 10 years, EFA has been providing a range of administration services to East Capital in both Luxembourg and…
SANNE to provide fund admin services to ACA’s Mauritius unit
SANNE, the UK-based provider of alternative asset and corporate administration services, has been appointed by ACA Manager (Mauritius) Ltd, a member of the African Capital Alliance Group, to provide fund accounting and administrative services. ACA is a pan-African private equity investment firm sponsoring funds and managing investments in sub-Saharan Africa.
IQ-EQ hires for Luxembourg, India
IQ-EQ, the Luxembourg-based administrator, has expanded its Luxembourg senior management team with the appointment of Peter Corry as country delivery director, fund services, and Emilie Romain as client director, funds. Corry was previously at State Street, whilst Romain joins from RBS International. IQ-EQ also hired Sukanya Lal as business development director focusing on India. She…
SANNE hires Christopher Thoume for prod dev role in London
SANNE, the UK-based provider of alternative asset and corporate services, has appointed Christopher Thoume as director, product development in its London office. He will specialise in the development of SANNE’s product and digital solutions. He was previously the chief of staff to KPMG’s global head of fintech and COO of its UK blockchain and digital…
JTC to acquire NES Financial
JTC, the C.I.-based funds and corporate services provider, has agreed to acquire NES Financial, a U.S.-based provider of specialist fund administration services. Founded in 2005, NESF has 58 employees, all of whom will join JTC, delivering services from Boston, Massachusetts, where its fund administration operation is based, and San Jose, California, which is the company’s…
Intertrust to provide depositary services for Altor PE funds
Altor Fund Manager, a Sweden-based manager of private equity funds, has appointed Intertrust to provide depositary services to Altor Fund IV and Altor Fund V, which are domiciled in Sweden Altor Fund IV closed in 2014 with a committed capital of EUR2bn and Altor Fund V closed in 2019 with a committed capital of EUR…