Apex has completed its acquisition of BRL Trust DTVM following final regulatory approval. BRL DTVM is the sister company of BRL Trust Investimentos, which was acquired by Apex in 2021. BRL DTVM provides fund administration to real estate, trade receivables and open-ended funds, as well as custody services and NAV calculation for all fund types.
Category: Independents
IQ-EQ appoints new China head
IQ-EQ has appointed Clare Chang as managing director of Greater China. She was previously business development director for funds in Asia at IQ-EQ. She will report directly to Michael Marquardt, regional CEO for IQ-EQ in Asia.
Deutsche Pfandbriefbank appoints UI for new RE fund
As part of its new real estate investment management business, Deutsche Pfandbriefbank AG (pbb) will work with Universal Investment as a fund service platform provider. Universal Investment will launch and administer the planned open-ended real estate special fund, which will focus on German office properties and mixed-use properties. Deutsche Pfandbriefbank is a specialist bank for…
Trident Trust opens in Houston
Trident Trust has opened a fund services representative office in Houston, Texas. Chelsea Harrington has relocated to Houston from Trident Trust’s 130-strong fund services hub in Atlanta to open the new office. Trident’s new presence in Texas means that it now offers fund services out of four US locations, with representative offices already in place…
Aztec supports Oakley’s Fund V
Aztec Group, the C.I.-based administrator, has supported the mid-market private equity investor, Oakley Capital, on the final close of its fifth fund. Oakley Fund V raised EUR2.85bn (USD3bn), nearly doubling the size of its predecessor. Aztec has also been appointed to provide ongoing administration and accounting services from its Luxembourg office.
Leadenhall appoints Waystone
Waystone, the Ireland-based administrator, has been selected as the debt fund investment administrator for Leadenhall Capital Partners’ life and alternative credit strategies. Leadenhall was launched in 2008 and currently manages c. USD5.5bn across a range of strategies including life and non-life insurance linked securities, as well as alternative private credit. Waystone will be providing investment…
Formidium launches consulting service
Formidium, a U.S.-based provider of fund services and back-office technology solutions, has launched Razor State Consulting. Razor State addresses back-office pain points by providing businesses with financial accounting and operations support. Razor State’s services fall broadly under two categories: accounting and services for fund management companies (ManCo services), and corporate accounting and services for pre-IPO…
Altum hires Helena Morrissey as chair
Altum Group, a C.I.-based provider of fund, corporate, and family office solutions, has appointed Baroness Helena Morrissey DBE as its new group chair. Morrissey, a well-known figure in the investment management industry, has served in several leadership roles throughout her career, including 15 years as CEO of Newton Investment Management. She is currently chair of…
SS&C hires Euan Mcleod
Euan Mcleod has joined SS&C as head of transfer agency for Asia Pacific. He previously spent 10 years at State Street in Hong Kong.
Ultimus supports funds transition
Ultimus Fund Solutions has supported the transition of the James Advantage Funds’ fund administration functions from another provider. James Investment Research, the adviser to the James Advantage Funds, selected Ultimus as the fund administrator for its four mutual funds. Ultimus is now providing services encompassing financial administration, legal administration, fund accounting, transfer agent, and distribution.