Ultimus Fund Solutions, the U.S.-based independent provider of fund administration, accounting, middle office, and investor solutions, has supported the launch of Hypatia Capital’s first ETF. The fund, the Hypatia Women CEO Fund, will invest in established, women-led businesses. Hypatia Capital, a New York based Registered Investment Advisor, focuses on sponsoring female CEOs and investors within…
Category: Independents
IQ-EQ acquires in Asia
IQ-EQ, the Luxembourg-based administrator, has reached agreements to acquire ComplianceAsia and Lymon Pte Ltd. ComplianceAsia, the longest established compliance consulting firm in Asia Pacific and one of the largest firms operating in the region, was founded in 2003. Lymon was founded in Singapore in 2013 to address a gap in the market in the provision…
Arcesium partners with Confluence
Arcesium, the administrator which claims to have USD675bn AuA, and Confluence, a fintech solutions provider for the investment management industry, have formed a partnership to deliver an integrated data management and analytics solution for middle & back-office operations for asset managers, delivering workflow efficiency in performance, risk, and regulatory reporting. The offering will integrate Confluence’s…
SMDAM selects Burgiss
Sumitomo Mitsui DS Asset Management (SMDAM)—one of the largest asset management companies in Japan— has selected Burgiss, a provider of private capital data and analytics, as its long-term partner to help manage its growing business in alternative investments. SMDAM will deploy Burgiss’ portfolio management, transparency data, universe data, and investment book of record cashflow data…
IQ-EQ appoints Americas CFO
IQ-EQ, the Luxembourg-based administrator, has appointed Judy Wang as CFO for the Americas, where she will direct the financial performance and management of IQ-EQ’s U.S. and Caribbean businesses. She takes over from departing CFO Scott Hensell, and reports to Matt Okolita, regional CEO, Americas. Following its 2022 acquisition of JGM Fund Services, IQ-EQ’s U.S. footprint…
Equilend and Broadridge team up on STP
EquiLend, the securities finance technology firm, has agreed with Broadridge Financial Solutions to facilitate STP to the NSCC’s CCP for equity securities finance transactions. The new service will deploy EquiLend’s liquidity sourcing options and allow clients to trade and automatically submit via Broadridge’s newly launched SFT Submission Service, which provides the market with the capability…
Citco to open in Puerto Rico
Citco, the specialist alternatives administrator with USD1.8trn AuA, has chosen Mayagüez, Puerto Rico, as its latest base for a client support centre. Citco says it has chosen Puerto Rico due to its broad availability of educated professionals in the financial sector. The Mayagüez office, which will open in 2024, will be led by Colin Johnson,…
Pricoa taps Apex for Spanish deal
Pricoa Private Capital, part of PGIM, has appointed Apex to support its provision of senior capital to Real Betis Balompié for refinancing. Real Betis is a Spanish professional soccer club based in Seville. Pricoa has provided the club with a EUR65m senior secured term loan. Apex in Spain acted as the facility and security agent…
Gen II hires BBH veteran in Lux
Michael Mekhaeel has joined Gen II Fund Services as head of depositary at Gen II Luxembourg Services, a wholly-owned subsidiary. Mekhaeel previously spent 17 years at BBH in Luxembourg. Gen II focuses exclusively on the private capital sector, and claims to have USD900bn AuA.
Citco opens new Guernsey office
Citco, the specialist asset-servicing provider to the alternative investment sector, has opened a new office in Guernsey, focusing on private equity and private credit. Citco opened its first Guernsey office in 2014.