Universal Investment Group, the European fund services provider, has appointed Francesca McDonagh as its new group CEO. David Blumer, who has been leading the business as the interim group CEO for the past five months, will continue as chairman. She replaces Michael Reinhard, who left in May. McDonagh was most recently COO of Credit Suisse…
Category: Independents
TMF appoints head of China
TMF Group, the Netherlands-based provider of compliance and administrative services, has appointed Lilian Huang as market head of China and Taiwan. She will also serve as a member of the APAC executive committee. Before joining TMF, she held leadership roles at J.P. Morgan, Citi and GE Capital. Huang reports to Shagun Kumar, regional head of…
Citco upgrades CitcoConnect
Citco has released an upgrade to its online service, CitcoConnect, introducing features designed to streamline the capital raising and subscription process and enhance UX. Prospective investors can now start their AML/KYC pre-review online, in advance of completing their initial subscription form through CitcoConnect’s online technology. In addition, the platform’s new data pre-population function enhances online…
Wilson AM appoints Equity Trustees
Wilson Asset Management, an Australian investment manager, has appointment Equity Trustees to be responsible entity/trustee for its new Wilson Asset Management Leaders Fund. Wilson Asset Management currently manages >AUD5bn (USD3bn) for >130,000 retail investors.
VentureSouq hires SS&C
VentureSouq, a Dubai-based venture capital fund manager, has appointed SS&C GlobeOp as a fund administrator for its fintech range. VentureSouq’s mandate includes two funds, one management company and four co-investment vehicles. VentureSouq will use SS&C GlobeOp’s private markets fund services, including fund administration, treasury, investor services, process workflow and accounting solutions.
Petra receives capital injection
Petra Funds Group, a U.S.-based fund administrator serving private investment firms, has entered into a definitive agreement to receive a majority growth investment from Charlesbank Capital Partners, a middle-market private investment firm based in the U.S. The Petra founders and management team remain significant shareholders alongside Charlesbank. Founded in 2021, Petra offers fund administration and…
ONE opens in U.S.
ONE Group Solutions, the Luxembourg-based fund solutions provider, has established a presence in the U.S Rafael Perez has been appointed as business development lead – Americas, based in New York. In addition, Melanie Hopper, ONE’s group general counsel, has relocated to the U.S.
Oak appoints group CEO
Oak Group, the C.I.-based administrator, has appointed Kim Sgarlata as group CEO. She previously held the positions of global head of strategic programme development and global head of wholesale transformation at HSBC. She has also worked at Capco, Accenture, Bank of America Merrill Lynch and State Street.
TMF appoints two regional BD heads
TMF Group, the Netherlands-based provider of compliance and administrative services, has appointed Joel Cardenas as head of business development for Latin America, and Ard Crebas as head of business development for North America and the Caribbean. They will both report to TMF’s chief commercial officer, Jan Willem van Drimmelen. Both are internal appointments.
IQ-EQ appoints first Ireland CCO
Paul Griffith has been appointed by IQ-EQ as its first chief commercial officer for Ireland. Prior to joining IQ-EQ in 2021, Griffith was a commercial director with Intertrust Group. He will join the regional leadership team and will manage the regional sales team.