Crestbridge, the UK-based administrator, has appointed James Morris as commercial director for Europe. He joins from TMF, where he was head of EMEA private equity & debt fund sales. Crestbridge is negotiating the sale of its fund administration business to Gen II, one of the world’s largest independent private capital fund administrators, with >USD1trn AuA.
Category: Independents
SLIB partners with Clarus for risk management
SLIB, the post-trade fintech, and Clarus Risk, an Apex Group company focused on risk management solutions, have rolled out RiskMonitor within SLIB’s RMS (Risk Management Solution) platform. The platform is designed to provide improved governance and transparency for multi-asset risk exposures to enable greater efficiency within the brokerage market. RiskMonitor’s API solution utilises a multi-asset…
Zodia wins ETC ETP mandate
ETC Group has appointed Zodia Custody to support its latest ETP listed on Deutsche Börse XETRA, the ETC Group Ethereum Staking ETP, a total return exchange-traded product that tracks the Compass Ethereum Total Return Monthly Index. The ETP is fully backed by the underlying digital assets, and counterparty risk is negated through an independent trustee.…
State Street wins LGPS PA mandate
LGPS Central, which manages GBP56bn (USD71bn) on behalf of eight UK local government pension schemes, has appointed State Street as provider of fund administration services for its private markets investments. State Street will initially support 13 funds managed by a combination of LGPS Central and its third-party managers with fund administration, registration services, investor services…
Alter Domus partners with T-REX
Alter Domus, the Luxembourg-based administrator, has partnered with fintech firm T-REX to enhance data management capabilities and automate regulatory reporting. U.S. credit asset managers will be the first to take advantage of the automation, streamlining ESMA reporting. T-REX’s technology will automate data pipelines from all parties, including issuers, servicers, agents and trustees, standardising formats and…
Vistra hires global head of funds
Vistra, the Singapore-based fund services provider, has appointed Abdel Hmitti as managing director and global head of funds. He reports to William Douglas, Vistra’s chief commercial officer, and intends to relocate to the U.S. later this year. Hmitti will lead Vistra’s funds business, overseeing the teams responsible for commercial, relationship management, product development, and digital…
Komainu loses CEO
Nicolas Bertrand, chief executive of Komainu, the C.I.-based crypto asset custodian, has stepped down with immediate effect. Robert Johnson, who joined Komainu as CTO in 2023, has taken charge as interim CEO. Bertrand joined Komainu in September 2022, following a botched attempt to hire Matthew Chamberlain, then CEO of the London Metal Exchange.
Socium partners with Hedgebay
Socium Fund Services, a U.S.-based Suntera Global company specialising in private equity and private credit fund administration, is partnering with Hedgebay Securities, LLC, a FINRA-registered broker-dealer. Hedgebay helps match sophisticated buyers and seller of hedge fund interests and other illiquid alternative investment assets. This collaboration aims to deliver tailored secondary market liquidity solutions to GPs…
DDH outsources to SS&C
DDH Graham Limited has appointed SS&C to deliver superannuation and funds management administration services. DDH manages and administers over AUD7.8bn (USD5bn) in funds on behalf of 34 fund managers and superannuation funds in Australia. SS&C will provide member and investor administration, including unit registry and fund services, for DDH and its superannuation and managed fund…
IQ-EQ opens in GIFT City
IQ-EQ, the Luxembourg-based administrator, is now licensed to do business in the Gujarat International Finance Tec-City (GIFT City) in India. GIFT City is sponsored by the Indian government with the vision of creating a world-class finance and IT hub, connecting India to the world. It is home to India’s global bullion exchange and the International…