The Maples Group has been appointed by Chicago Global Capital Pte. Ltd. to provide fund administration services for its Cayman Islands-domiciled hedge fund. Chicago Global will be primarily serviced from Maples’ Singapore office, where the team will be providing fund administration services including cross-jurisdictional AML/KYC compliance, financial statement preparation, investor services and fund accounting. Chicago…
Category: Independents
JTC hires director of treasury services
JTC, the C.I.-based professional services provider, has appointed Mark Forster as director – treasury services. He will be responsible for the day-to-day management of JTC’s treasury services business. He joins from Butterfield Bank.
Yealand hires head of business development
Hayley McLaren has joined Yealand Fund Services, the UK-based administrator, as head of business development. Prior to joining Yealand, she worked at Waystone/T Bailey Fund Services, along with roles at Capita and Nottinghamshire County Council.
Centralis to acquire YLP
Centralis, a Luxembourg-based alternative asset and corporate services provider, is to acquire YLP Group, a corporate services provider based in Luxembourg. YLP is an Ordre des Experts-Comptables licenced business that provides services to alternative fund clients, primarily real estate and private equity structures, as well as multinational corporates.
Komainu supports USYC
Komainu, a UK-regulated digital asset custody service provider partly backed by Nomura, has begun custody support for USYC, created by Hashnote, the on-chain first digital asset manager, built with the support of Cumberland and DRW. The partnership will enable Hashnote’s USYC to be held in custody by Komainu.
SS&C opens in ADGM
SS&C has opened an office in Abu Dhabi, UAE. The Financial Services Regulatory Authority has granted SS&C approval to deliver fund administration services within the Abu Dhabi Global Market. Katarzyna Lupa-Nowicka (head of private markets operations, Middle East) and David Forrester (head of hedge operations, Middle East) will lead the new office.
Alger consolidates with Waystone
Waystone, the European provider of specialist services to the global asset management industry, has been appointed by Alger, a U.S.-based growth equity asset manager, to provide third-party ManCo and supplementary services across the EEA. The mandate will add USD600m to Waystone’s AuM. Additional services include risk and compliance reporting, distribution support, market access, global registrations,…
Citco launches reclaims analytics
Citco has launched a new service designed to help fund managers review and assess potential withholding tax reclaims for their end investors. Citco Withholding Tax Reclaims Analysis provides insights into the costs, benefits, and likelihood of success of reclaims in different jurisdictions globally.
Zurich launches ELTIF
Zurich Insurance Group has launched its first European Long-Term Investment Fund (ELTIF 2.0), aimed at providing individual investors and life insurance customers with access to opportunities in the private debt asset class. The fund is a sub-fund of Zurich Global Private Asset Solutions SICAV S.A. and is intended to be the first in a series…
IQ-EQ supports new Faros Point fund
IQ-EQ is providing administrative support for Faros Point Capital Management following the launch of a new credit fund. Faros Point engaged IQ-EQ to provide regulatory and compliance services in the UK and Ireland. G10 Capital Limited, an IQ-EQ subsidiary, is providing UK Investment Management and Appointed Representative services, while IQ-EQ Fund Management (Ireland) Limited has…