Gen II Fund Services, an independent private capital fund administrator with USD1trn AuA, has appointed Bob Caporale as group president. Caporale assumes this role after serving as head of corporate development for the past three years. Gen II is in the process of acquiring the private capital administration business of Crestbridge.
Category: Independents
North Square moves to Ultimus
Ultimus Fund Solutions, a U.S.-based administrator, has been appointed by North Square Investments as fund administrator. As part of the mandate, North Square transitioned 12 mutual funds to Ultimus, which is now providing fund accounting, fund administration, transfer agency, shareholder servicing, distribution and compliance services.
Altum expands in Lux
Altum Group, the UK-based financial services provider, has been granted an Undertaking for Collective Investment (UCI) extension by the Commission de Surveillance du Secteur Financier (CSSF) in Luxembourg. This enables Altum to provide a fully integrated fund administration and transfer agency solution to alternative investment funds. This news follows the recent announcement of its agreed…
Apex wins in India
Apex has been appointed by The Investment Trust of India Limited to provide fund administration services to the ITI Long Short Equity Offshore Fund in India’s Gujarat International Finance Tec-City International Financial Centre (GIFT City). Incorporated in 1991, ITI is one of India’s largest financial services conglomerates. ITI has >USD650m AuM in mutual funds and…
Apex opens in Korea
Apex has established a presence in Korea. The Korea office will add to its existing regional offices in China, Hong Kong, Japan and Singapore, where Apex employs over 500 people.
Apex to acquire in Guernsey
Apex has agreed to acquire IP Fund Managers Guernsey Ltd (IPFMG), a Guernsey-based ManCo.The acquisition of IPFMG will add USD200m AuA, across eight funds and six fund managers. Apex’s existing ManCo services, delivered under the FundRock brands, cover >1,200 funds with a total of EUR234bn (USD250bn) AuM across 12 countries, including Guernsey, Luxembourg and Ireland.…
Apex opens in Denver
Apex has opened an office in Denver, Colorado. The office will be led by James Wheatley, global head of operations – private equity & direct lending, and Jason Sauve, director of fund administration services. Apex currently has multiple client service delivery teams located in Denver, with plans to double headcount through the creation of new…
Ocorian (finally) appoints CEO
Ocorian, the C.I.-based administrator, has appointed Chantal Free as CEO. She joins from Capita, where she was CEO of the portfolio division, The CEO position has been vacant since Farah Ballands stepped down after only a year in the job in 2021. Ocorian’s chairman, Frederik van Tuyll, took over her responsibilities.
Pirum hires CRO from Kneip
Pirum, the UK-based fintech focused on the securities finance business, has appointed Jacob Koopmans as chief revenue officer. He will be taking on sales responsibilities from Karl Wyborn, who will be taking some time out of the business. Koopmans was previously chief commercial officer at Kneip.
Suntera signs Guernsey ops director
Suntera Global, the C.I.-based administrator, has appointed Sharon McMillan as operations director in Guernsey. She, was previously director of operations at IQ-EQ.