Wahed, an Islamic fintech and investment manager, has launched two UCITS ETFs that integrate Shariah compliance with an additional humanitarian and human rights screen. The funds, listed on the London Stock Exchange, have been launched through Waystone’s white label ETF platform, and are domiciled in Ireland.
Category: Independents
Ultimus adds four seniors
Ultimus has hired four senior managers. In the public markets solutions sector, Matt Geldhof joins from Citi, and Edward Lund comes in as an SVP, having worked at Gemini Fund Services and NorthStar. In the private markets sector, Gilbert Maddock joins from MUFG, and William Thoma comes in from Northern Trust.
Citco opens in Dallas
Citco has opened an office in Dallas, TX. The office will serve as a regional hub for asset servicing operations, providing middle and back-office solutions including treasury and loan services, NAV calculations, investor services, corporate services and regulatory reporting.
Suntera opens in Denver
Suntera Fund Services, a C.I.-based middle market provider of fund administration and loan administration services for private alternative investment funds, has opened an office in Denver, Colorado. The office joins Suntera’s other U.S. hubs in New Jersey and California and will be led by Nick Donovan, general counsel, Americas, and Jonathan Ferry, director.
Arcesium opens in Hong Kong
Arcesium, the U.S.-based administrator in which J.P. Morgan has a stake, has opened an office in Hong Kong. The office will support its existing client base of institutional asset managers, hedge funds, banks, and private markets firms operating across the broader Asia-Pacific region, while also providing technology and services for new launches and regional expansion.
Maples expands in Canada
Maples Group has expanded its fund administration solution for Canadian-domiciled funds. This will provide support to its existing and new client base in launching and operating Canadian domestic funds. It will be delivered by the group’s Montreal office.
Legrand promoted at IQ-EQ
IQ-EQ has promoted John Legrand to CEO of EMEA, based in the UK. Legrand, who was previously deputy group CEO, has been at IQ-EQ for over six years, previously spent more than 10 years at BNY.
SEI appoints CPO
SEI has appointed Jeff Benfield as chief product officer, reporting to Zach Womack, chief technology officer, Benfield will lead SEI’s enterprise product strategy, development, and execution. He was previously head of platform strategy and operations for SEI’s asset management business.
Apex lifts out in Australia
Apex has reached a lift-out agreement to onboard Mercer’s superannuation administration operations in Australia.
Sheller leaves CBRE
Jason Sheller, who has been at CBRE for seven years, most recently as global head of business development & strategy for its real estate fund administration business, is stepping away from his role. He hasn’t announced his next move.