Derek Russell has joined JTC in Luxembourg as a client director. He was previously at Intertrust, which is being acquired by CSC.
Category: Independents
Orchard Street appoints Langham Hall
Orchard Street Investment Management, a UK-focused commercial property investment manager, has launched its inaugural impact fund, Orchard Street Social and Environmental Impact Partnership. The fund is targeting commitments of GBP400m (USD460m), and has held a first close at almost GBP90m (USD104m) with the Brunel Pension Partnership acting as the cornerstone investor. Langham Hall been appointed…
Phoenix American wins new client
Phoenix American Financial Services has onboarded Leitbox Storage Partners, a U.S.-based real estate fund sponsor. Phoenix American will support Leitbox with its investor services platform, including the STAR-XMS shareholder management/transfer agency system.
Highvern acquires in Cayman
Highvern, the C.I.-based administrator, has expanded into the Cayman Islands with the acquisition of Genesis Trust & Corporate Services Ltd. Genesis serves the private capital and funds governance markets.
Fessey steps down from EFA
Following the completion of its acquisition by Germany’s Universal Investment, Noel Fessey has stepped down as CEO of European Fund Administration.
SS&C Aloha gains momentum
SS&C has reported that more than 25 clients have signed up for its front-to-back platform, SS&C Aloha. Asset and wealth managers in more than 15 countries across North America, EMEA, APAC and Australia have selected SS&C Aloha in the last 12 months. SS&C Aloha supports investment operations on a single cloud-native system.
Major M&A deals close in Europe
Two major M&A deals have closed: CSC and Intertrust have announced that shares representing 94.66pct of Intertrust’s outstanding capital have been tendered under the offer and that all other offer conditions have been satisfied. As a result, CSC has declared the offer unconditional. Settlement of the offer will take place on 4 November 2022. Waystone…
Apex expands in Australia
Apex has expanded its global compliance solutions service to Australia. This follows the recent expansion to the Singapore and U.S. markets, with compliance services now offered across more than 13 jurisdictions in four regions. In Australia, the team will be led by Karen Waldon-White. Prior to its acquisition by MMC in 2021, she was CEO…
Maples hires head of BD for European fund services
Maples Group, the Cayman-based professional services provider, has appointed Kieran Fox as director, business development for its fund services business in Europe. Most recently, Fox served as the director of business development for Irish Funds, the representative body for the international fund and asset management community in Ireland. He will be based in Dublin.
Ultimus hires from Citco
Jeffrey Rosen has joined Ultimus LeverPoint Private Fund Solutions, based in New York. He was previously at Citco for more than eight years.