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.
Category: Offshore
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.
Fenergo signs Arendt
Arendt Services, the Luxembourg-based administrator, has signed a deal with Fenergo, the Ireland-based provider of CLM and KYC/AML services. Arendt Services will leverage Fenergo’s Saas CLM solution for client onboarding and maintenance.
Goji supports Greater Share
Goji, the Euroclear-owned fintech that offers investors digital access to alternative investments, will provide its onboarding technology to support Greater Share’s fundraising efforts for its first fund, which focuses on education. The Greater Share Education Fund, which is governed by Luxembourg law, is set to reach its second close in September 2023, and is supported…
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…
Delamare steps down at Waystone
Cyril Delamare has stepped down as chief growth officer at Waystone, whilst remaining as an independent non-executive director of the MontLake UCITS platform. Delamare founded MontLake in 2009 and led the business through its merger with DMS Group and MDO, creating Waystone Group. Des Johnson, global chief revenue officer, will now lead the commercial team.
Sadu appoints Apex
Apex Group has been appointed by Sadu Capital to provide fund administration and AML solutions. Sadu Capital is a Saudi-based venture capital firm that invests in private technology startups. Sadu’s latest Cayman-domiciled fund focuses on investing in early-stage start-ups based in the Middle East & North Africa region.
Steve David leaves Northern Trust
Steve David has left Northern Trust, where he has spent the last 19 years. David was CEO of Northern Trust Global Services Societas Europaea, its EU bank, as well as country head for Luxembourg. He was instrumental in growing the Luxembourg franchise and also played a key role in the successful integration of the UBS…
TMF supports EUR26bn fund launch
TMF Group, a Netherlands-based administration services provider, has supported CVC Capital Partners in its recent close of Fund IX, a EUR26bn (USD28.5bn) Jersey and Luxembourg-regulated fund. TMF will provide administrative services to the fund, including due diligence and onboarding of investors.
UI partners with Montrusco Bolton
Montrusco Bolton, a Canadian asset management firm with USD10.7bn AuM, has launched a new fund for US equities. The fund has been launched in collaboration with Germany’s Universal Investment Group. Structured as a Luxembourg SICAV vehicle, the UI I – Montrusco Bolton US Equity Fund will be available to investors in Luxembourg, Germany and Austria.…