Northern Trust has appointed Nick Leale as MD for its banking operations in Guernsey. He was previously an independent consultant.
Category: Offshore
SEI launches AIFM services in Lux
SEI has launched depositary services for Luxembourg alternative investment funds. SEI provides depositary services to more than 430 funds from other fund centres. SEI claims to be the largest fund administrator for private market funds in Luxembourg that are managed by a U.S. firm, and the largest private credit fund administrator by assets globally.
Waystone appoints ME chief
Waystone, the European provider of specialist services to the global asset management industry, has appointed Nigel Pasea as country head for the Middle East. He joined Waystone in 2021 as part of the acquisition of CCL Compliance, and has been leading the company’s compliance solutions business in the UAE. Waystone currently employs 45 people in…
RBS hires depositary chief
Michael Mekhaeel has joined RBS International as head of depositary services, based in Luxembourg. He was previously at Gen II after spending 17 years at BBH.
First Sentier expands with NTRS
Northern Trust has expanded its relationship with First Sentier Investors, an Australia-based asset manager with more than USD157bn AuM. Under the terms of the new mandate, Northern Trust will integrate a range of front-to-back solutions for the manager’s public market fund business in Australia, Ireland, Singapore and the United Kingdom. Services provided include custody, depositary/trustee…
Alter Domus opens in Manila
Alter Domus, the Luxembourg-based provider of fund administration, private debt, and corporate services for the alternative investment industry, has opened an office in Manila. The office occupies a full floor with >100 employees, and Alter Domus aims to nearly double its workforce in the city by 2025.
BNY hires in UAE
BNY has appointed Madiha Sattar as managing director and growth ventures partner, in a global role based in the United Arab Emirates. In this newly created role, Sattar joins the leadership team of BNY’s growth ventures business. Sattar joins BNY from Careem, the MENA region’s largest tech exit.
UI efa wins new mandate
UI efa, the Luxembourg-based member of Universal Investment Group, has been appointed to administer Blue Earth Capital’s new open-ended, semi-liquid fund focused on global private credit. Blue Earth Capital is headquartered in Switzerland and has operations in New York, London, and Konstanz.
Universal expands in Ireland
Universal Investment Group, the Europe-based fund services platform and Super ManCo, has expanded its services from Universal Investment Ireland to include AIFM services for Irish-domiciled real estate funds. Its first mandate for the newly expanded service is for the ICAV holding Dubin Liffey Valley Shopping Centre, one of the largest retail centres in Ireland.
Equiom hires CRO
Equiom, the C.I. based administrator, has appointed Naveed Shah as chief risk officer. He was previously head of UK & CEEMEA compliance and operational risk at Bank of America.