Allspring Global Investments has expanded its transfer agency relationship with SS&C. Under the extended agreement, SS&C will provide investor servicing to Allspring’s institutional liquidity business, which manages USD228bn across five money market funds. SS&C will also manage regulatory compliance with Blue Sky state securities laws and support distribution across Allspring’s institutional liquidity portfolio.
Category: Independents
Apex appoints chief strategy officer
Apex has appointed Jay Cipriano as chief strategy officer, a newly created role. He will report to Apex CEO, Peter Hughes. He joins from SEI, where he spent 28 years.
Arcesium acquires OMS provider
Arcesium has acquired Limina, a Stockholm-based portfolio and order management systems provider. The entire Limina team will join Arcesium. Limina CEO, Kristoffer Fürst will join Arcesium, reporting to Bryan Dougherty, president, product and technology.
Sheller joins Juniper Square
Jason Sheller has joined Juniper Square as global head of go-to-market fund administration. Sheller spent seven years at CBRE, and is based in New York.
Permira invests in Carne
Carne Group, Europe’s largest independent third-party ManCo and a provider of fund regulation and governance solutions, has agreed with funds advised by Permira, the investment firm, for the acquisition of a significant minority stake in Carne Group based on an enterprise valuation of EUR1.4bn (USD1.7bn). As part of the transaction, Vitruvian Partners will exit its…
Apex appoints LATAM head
Apex has appointed Mauricio Catâneo as regional head, Latin America. He was most recently Brazil country head at TMF Group.
Gen II hires private credit team
Gen II Fund Services, an independent private capital fund administrator with >USD1trn AuA, has hired Leslie DeRoss and her specialist team to lead and expand the firm’s private credit offering. DeRoss joins Gen II from U.S. Bank.
Ultimus supports ETF launches
Ultimus has supported the launch of three ETFs for Liberty One Investment Management. The ETFs were launched within a series trust solution provided by Ultimus.
Langham Hall supports RE fund launch
Langham Hall, the UK-based administrator, has supported Northtree Investment Management Ltd on the launch of its second fund, Northtree Real Estate Partners II. The fund will focus on UK commercial real estate assets. Langham Hall will provide fund accounting and administration services from its London and Jersey, C.I. offices.
SEI supports four CIT launches
Mackenzie Investments, a Canadian asset manager with CAD244bn (USD180bn) AuM, has appointed SEI Trust Company, SEI’s provider of trustee, operational, and administrative services for collective investment trusts, as the trustee of four newly launched CITs.