Category: Independents

Universal Investment Group has appointed Etienne Rougier as Luxembourg country head. This is alongside his position as group COO. Following the 2022 acquisition of efa, the Luxembourg business now has a combined workforce of more than 500 employees, with EUR294bn AuA. Rougier succeeds Sofia Harrschar, who will now focus on expanding the alternative investments business.

Phoenix American, the U.S.-based administrator, has established a fund administration relationship with Great Oak Funding, a real estate debt fund sponsor. Phoenix American will support the Great Oak Funding Finance VII offering with its investor services platform featuring the STAR-XMS shareholder management/transfer agency system.

Centralis Group, the Luxembourg-headquartered administrator, plans to expand its real estate service offering through the acquisition of Ferris Group. Ferris, also based in Luxembourg, is a specialist real asset service provider, working with real estate SPVs and investment funds.

ZEDRA, the European administrator, has partnered in the U.S. with Cascata Solutions, the digital waterfall fund administration software provider. ZEDRA will deploy the Cascata platform for carried interest and fee administration for its private equity, private credit, venture capital and real estate clients.

JTC, the C.I.-based professional services firm, has added two managers to its funds team in Jersey. Will Turner and Ben Durbano specialise in real estate and private equity respectively and join Ashley Vardon, senior director – fund services, who was appointed earlier this year. Turner was previously at Crestbridge, whilst Durbano joins from Sanne.