Altum Group, the C.I.-based provider of fund, corporate, and family office solutions, has appointed Alexandra Fantuz as director for its Luxembourg office. She joins from Global Serve. Altum recently announced plans to acquire the Luxembourg operations of Link Fund Solutions.
Category: Independents
TMF expands in Japan
TMF Group, the Netherlands-based administrator, has opened an office in Fukuoka, Japan, its second office in the country. TMF has had a presence in Tokyo for 15 years.
Ultimus hires from State Street
Ultimus Fund Solutions, the U.S.-based provider of fund administration, accounting, and investor solutions, has hired Steve Scaringe as a senior vice president, business development. In this role, he will focus on providing enterprise-wide service solutions to institutional investment managers. Scaringe has worked for J.P. Morgan and, most recently, State Street.
Formidium launches tax module
Formidium, a U.S.-based provider of fund technology and back-office solutions, has released a tax allocations and returns module for its fund accounting software, Seamless. The tax allocations module streamlines the process of tax allocations, federal/state returns preparation, tax schedules such as K1s, and returns such as 1099s and 1042s, for SPVs, hedge funds, venture funds,…
Altum to buy in Luxembourg
Altum Group, a C.I.-based provider of fund, corporate, and family office solutions, has agreed to acquire Link Fund Solutions (Luxembourg) S.A., a provider of AIFM and ManCo services, from Link Group. Link Luxembourg is part of Australia-based Link Group’s fund solutions business. Established in 2018, Link Luxembourg provides services to an institutional client base through…
Delamare steps down at Waystone
Cyril Delamare has stepped down as chief growth officer at Waystone, whilst remaining as an independent non-executive director of the MontLake UCITS platform. Delamare founded MontLake in 2009 and led the business through its merger with DMS Group and MDO, creating Waystone Group. Des Johnson, global chief revenue officer, will now lead the commercial team.
SS&C acquires Australian TA business
SS&C has signed a definitive agreement to acquire the managed funds administration business from Iress, an Australian financial services technology company. The MFA business is one of Australia’s largest third-party fund registries, with around AUD900bn (USD576bn) in managed assets across over 1,400 funds, four custodians and 69 fund managers. The deal is expected to close…
Sadu appoints Apex
Apex Group has been appointed by Sadu Capital to provide fund administration and AML solutions. Sadu Capital is a Saudi-based venture capital firm that invests in private technology startups. Sadu’s latest Cayman-domiciled fund focuses on investing in early-stage start-ups based in the Middle East & North Africa region.
TMF expands in Malta
TMF Group, the Netherlands-based provider of business administration services, plans to acquire Avanzia Taxand in Malta. Avanzia Taxand provides tax advisory and tax compliance services, as well as a suite of corporate services, including domiciliation, accounting and directorship. Completion of the transaction is subject to regulatory approvals.
Ultimus supports launch of Beacon ETFs
Ultimus Fund Solutions, a U.S.-based provider of fund administration, accounting, and investor solutions, has supported Beacon Capital Management in the launch of its first series of ETFs. Beacon, an investment advisory firm managing c. USD5.1bn and specialising in delivering separately managed account (SMA) strategies to the independent RIA, broker-dealer, and regional bank channels, sought diversification…