Category: Offshore

Ocorian, the C.I.-based administrator, has appointed Craig Buick and Yegor Lanovenko as co-chief executive officers, subject to regulatory approval. They replace Chantal Free, who joined in 2023. Buick joined Ocorian in 2024 as CFO and Lanovenko joined in 2021 and was most recently co-head of the fund services business.

Carne Group, Europe’s largest independent third-party ManCo and a provider of fund regulation and governance solutions, has agreed with funds advised by Permira, the investment firm, for the acquisition of a significant minority stake in Carne Group based on an enterprise valuation of EUR1.4bn (USD1.7bn). As part of the transaction, Vitruvian Partners will exit its…

BNY has signed a multi-year agreement with Jupiter Fund Management, a UK-based active asset manager, to provide operational services. Jupiter has consolidated back-office services for its offshore jurisdictions with BNY as well as outsourcing its middle office operations. BNY will now provide custody, fund administration, transfer agency and depositary services, as well as middle office,…

Langham Hall, the UK-based administrator, has supported Northtree Investment Management Ltd on the launch of its second fund, Northtree Real Estate Partners II. The fund will focus on UK commercial real estate assets. Langham Hall will provide fund accounting and administration services from its London and Jersey, C.I. offices.

JTC has formed a partnership with Winterflood’s custody business, Winterflood Business Services, to provide a custody platform to JTC’s clients. The collaboration will bring WBS’s technology and infrastructure to JTC’s clients, a move aimed at enhancing and modernising its global custody solutions. WBS has established a dedicated Jersey-based team.

State Street has been appointed to service Columbia Threadneedle Investments’ newly launched UCITS actively managed ETFs. State Street will provide services including custody, depositary, fund accounting, ETF basket creation, create/redeem order management, ETF settlement, transfer agency and reporting. In 2025 Columbia Threadneedle Investments, the global asset management group of Ameriprise Financial, Inc., appointed State Street…

Quoniam Asset Management, a Germany-based asset manager and a subsidiary of Union Investment, has launched Union Investment’s first actively managed ETFs. The two funds will be marketed under the new UniActive Q label. The UniActiveQ ETF range has been launched on AllFunds’ AllSolutions ETF platform, with BBH appointed as custodian and fund administrator. BBH in…

M&G Investments has launched the first in a new range of fixed income active ETFs, marking the first phase of a broader roll out. These are backed by a GBP350m (USD468m) investment from M&G’s life business on behalf of several underlying client funds and funds from the multi asset range. The funds are domiciled in…