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.…
Category: Independents
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.
Altum hires in Lux
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.
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…