Apex has appointed Nicholas Morse as chief business development officer, Americas. He was previously at SS&C.
Category: Independents
Vistra appoints NA MD
Vistra, the Asia-based provider of services to companies and funds, has appointed Caroline Baker as country managing director for North America, based in Montreal. Baker reports to Jonathan Ferrara, regional managing director for the United Kingdom, Ireland, Channel Islands, India, Americas, and Middle East. She retains her role as global head of operations for funds.…
Zodia Markets to acquire Elwood business
Zodia Markets, a UK-headquartered digital asset trading business backed by Standard Chartered, has agreed with Elwood Technologies, a provider of digital asset execution and portfolio management software, to acquire Elwood Capital Management Ltd, Elwood’s digital asset OTC trading business based in Jersey, C.I., and regulated by the Jersey Financial Services Commission. Following completion of the…
Komainu wins platform mandate
Komainu, a C.I.-based digital asset custodian, has been chosen as custodian for all digital asset funds and strategies available on DigitalArray, the global fund platform for digital asset funds launched by AI Global Strategies. Headquartered in Bermuda, the company is an incorporated segregated account of Alpha Innovations International ISAC Ltd. and is registered to conduct…
HSBC veterans launch SpireBay
Two veterans of the fund services industry have co-founded SpireBay, an independent advisory firm based in Dublin. Ronnie Griffin and Paul Ellis previously worked together at HSBC with responsibilities for key parts of its securities services business globally, from Dublin and London. SpireBay aims to provide outcome-focused leadership and consultancy that combines decades of industry…
Schroders outsources to CBRE
Schroders Capital’s real estate business has signed an outsourcing agreement with CBRE, which will provide real estate fund administration services in the UK and Luxembourg. Under the agreement, CBRE provides fund accounting and administration services for approximately GBP11bn (USD14bn) of Schroders Capital’s UK and Luxembourg-based real estate funds.
GAM transfers ManCo ops to Apex
GAM, the Switzerland-based investment manager, has reached a definitive agreement to transfer its ManCo activities in Ireland, Luxembourg and the UK to Apex Group Ltd. The transaction is subject to applicable regulatory approvals and other customary conditions. The transfer agreement includes the sale of GAM Fund Management Ltd, Dublin, including its in-house transfer agency function,…
Maples wins ADGM mandate
Natural Ventures has appointed the Maples Group as fund administrator for its Natural Ventures Fund I LP. The USD100m, 10-year closed fund is domiciled within the Abu Dhabi Global Market. Natural Ventures invests in scalable, proven technologies with commercial success that directly enhance water and food security.
IDR expands in U.S.
IDR, the private markets onboarding hub, has expanded its U.S. presence with additional hires. Brian Hwang joins IDR as commercial development director. Based in New York, he was previously at Visible Alpha, where he was global head of partnerships. Rory Blazeby, head of CRM, will also spend the remainder of the year in the U.S.…
Aztec appoints Lux head
Aztec, the C.I.-based administrator, has appointed Loic Choquet as head of jurisdiction in Luxembourg. He will continue in his role as head of group centres of excellence and internal control. Aztec has >700 Luxembourg-based employees, and has recently launched its AIFM service in the domicile.