Ultimus has formed a partnership with iCapital, introducing DLT to streamline data transmission and reconciliation processes, improving operational efficiencies for asset managers and wealth managers throughout the lifecycle of alternative investments. The integration of technologies merges iCapital’s DLT platforms with Ultimus’ infrastructure, “creating a more efficient, secure, and transparent processing environment for alternative investment data”.
Category: Independents
Apex promotes in Luxembourg
Apex has appointed Kavitha Ramachandran as CEO of FundRock LIS (FR LIS) and head of third-party ManCo services in Luxembourg. Apex operates two ManCo entities in Luxembourg: FR LIS, focused on private assets and alternative strategies, and FRMC, focused on financial assets and liquid strategies.
NAV expands in Ireland
NAV Fund Services (Ireland) Ltd., a subsidiary of NAV, the U.S. based administrator, now offers fund administration solutions for UCITS, expanding its services for regulated investment funds domiciled in Ireland and the European Union.
TMF authorised in Dubai
TMF Group, the Netherlands-based administrator, has received regulatory approval from the Dubai Financial Services Authority to operate as a fund administrator within the DIFC. In addition, TMF will be licensed to act as a corporate service provider.
Apex supports Fidelity fund launch
Apex is providing transfer agency services to Fidelity International in support of the launch of its first tokenised product, which offers institutional and professional investors 24/7 liquidity. The capabilities are designed for on chain markets and real time processing environments. Apex acted as transfer agent, supporting digital investor onboarding, wallet whitelisting, and transaction processing for…
Fenergo launches digital subscriptions solution
Fenergo, the provider of AI-powered client lifecycle management (CLM) solutions, has launched its Digital Subscriptions capability, fully integrated within the Fenergo Investor Portal. This new offering enables buyside firms to digitalise and connect the end-to-end investor onboarding and fund subscription process. The solution is designed as a flexible add-on to Fenergo’s CLM platform, allowing existing…
Aztec hires CEO
Aztec, the UK-based provider of private markets services, has appointed Benjamin Lucas as CEO. He joins from Amundi Technology, where he was CEO. He succeeds Sean Hagerty, who has led the group as interim CEO since the departure of Kathryn Purves, and who will now return to his role as chair of the Aztec Group…
Carne hires from State Street
Carne Group, Europe’s largest third-party ManCo and a provider of fund regulation and governance solutions, has appointed Daniel Osborne as head of ETF solutions, based in London. He reports to Des Fullam, chief regulatory & client solutions officer at Carne. He was most recently COO and MD of the ETF business at State Street, where…
Northern Trust to support Calamos ETF
Following the recent launch of the first autocallable ETF in Europe by Calamos Investments, Northern Trust will support the new fund through its servicing relationship with the Waystone ETF ICAV, for which it provides fund administration, depositary and custody services.
Langham Hall supports PE fund launch
Langham Hall, the UK-based administrator, has supported Atlas Health Capital on the launch of its first private equity fund, Atlas Health Fund I, at GBP400m (USD545m). Langham Hall is providing fund administration services from its Jersey office and appointed representative AR services from its London office.