Edmond de Rothschild has entered into a definitive agreement to sell its Luxembourg-based third-party asset servicing activities to Apex Group. As part of this agreement, Apex will also acquire Edmond de Rothschild’s fund administration, transfer agency and custody activities for its private equity and infrastructure funds. The transaction is subject to customary conditions, including regulatory…
Category: Independents
MUFG bids for Link
Mitsubishi UFJ Trust and Banking Corporation, a subsidiary of MUFG, has agreed to acquire 100pct of the issued shares of Link Administration Holdings Limited, the troubled Australian administrator, for AUD1.2bn (USD800m). Link Group is the largest Australian pension administration company, servicing approximately 41pct (10 million accounts) of Australian private pension members. Earlier this year Link…
Davy goes live with Torstone
Davy Capital Markets, the capital markets firm owned by Bank of Ireland, has gone live on the Torstone post trade platform. Torstone Technology is a UK-based fintech providing a SaaS platform for post-trade securities and derivatives processing.
AGI appoints IQ-EQ in France
IQ-EQ, the Luxembourg-based administrator, has been appointed by Allianz Global Investors as the ManCo for its EUR256m (USD280m) debt fund, created to finance the French rail company SPL Grand Est Mobilités in the development of railway services across the Grand Est region. IQ-EQ is acting as third-party AIFM for the fonds commun de titrisation (FCT)…
Apex invests in Tokeny
Apex Group has become the strategic lead investor in Tokeny, the Luxembourg-based enterprise-grade tokenisation solutions provider. By leveraging Tokeny’s expertise, Apex says it is positioned to provide its single-source solution in the tokenisation era. At the beginning of 2023 Tokeny announced a partnership with Inveniam Capital Partners, Inc., a SaaS company delivering trust, transparency and…
IQ-EQ supports iCapital in France
iCapital, the fintech platform supporting access to alternative investments for the wealth management industry, has partnered with IQ-EQ to establish a new series of French-domiciled funds. iCapital appointed IQ-EQ’s Paris-based team to provide fund administration services and to act as AIFM for iCapital funds that will be launched through the partnership and made available on…
Formidium appoints CMO
Formidium, the U.S.-based administrator, has appointed John Manley as its new chief marketing officer, based in Chicago. He was previously in private practice.
Alter Domus expands in Lux
Alter Domus, the Luxembourg-based provider of fund administration, private debt, and corporate services, has opened a third Luxembourg satellite office in Wecker to serve cross-border team members based in Germany. The Wecker office has capacity for 24 employees, and follows the opening of satellite offices in Steinfort and Frisange earlier this year to cater for…
Vistra to acquire Lux ManCo
Vistra Fund Management, the Luxembourg-based third-party AIFM of Singapore-based Vistra Group, plans to acquire Kroll (Luxembourg) Management Company S.à r.l., a super ManCo with UCITs and AIF licences. The transaction is subject to regulatory approvals. Jan Vanhoutte will lead VFM’s expanded business as managing director. Anil Singh will continue with the business in a leadership…
Gen II hires bus dev MD
Gen II Fund Services, the independent private equity administrator, has hired Jeff Rosen as managing director of business development. Rosen joins from Ultimus LeverPoint, where he spent a year, and has also worked at Citco and Citi.