BNP Paribas has appointed Joy Kiely as location head of its securities services business in Ireland. Kiely is currently head of client development for the business, based in Dublin. This move restores the position after Paul Daly moved to a new role in 2021. Derek Kehoe, who heads Ireland for BNP Paribas, took on the…
Category: Offshore
Amundi partners with Next Gate
Amundi’s Luxembourg operation is partnering with Next Gate Tech, a Luxembourg-based fintech specialising in data management and analytics solutions. Next Gate Tech’s SaaS platform will help Amundi Luxembourg to streamline data management and enhance its NAV oversight practices. The platform’s analytics and insights will enable Amundi to actively monitor NAV calculations, resulting in improved operational…
IQ-EQ appoints Americas CFO
IQ-EQ, the Luxembourg-based administrator, has appointed Judy Wang as CFO for the Americas, where she will direct the financial performance and management of IQ-EQ’s U.S. and Caribbean businesses. She takes over from departing CFO Scott Hensell, and reports to Matt Okolita, regional CEO, Americas. Following its 2022 acquisition of JGM Fund Services, IQ-EQ’s U.S. footprint…
Gen II hires BBH veteran in Lux
Michael Mekhaeel has joined Gen II Fund Services as head of depositary at Gen II Luxembourg Services, a wholly-owned subsidiary. Mekhaeel previously spent 17 years at BBH in Luxembourg. Gen II focuses exclusively on the private capital sector, and claims to have USD900bn AuA.
Citco opens new Guernsey office
Citco, the specialist asset-servicing provider to the alternative investment sector, has opened a new office in Guernsey, focusing on private equity and private credit. Citco opened its first Guernsey office in 2014.
UI tops PwC ManCo rankings
The 2023 Observatory for ManCos, an annual report published by PwC Luxembourg, has confirmed that Universal Investment, the Germany-based administrator which claims to have EUR979bn (USD1.1trn) AuA, is the largest third-party ManCo with AuM of EUR 118.9 bn (USD128bn); and the largest AIFM, with AuM of EUR102.2bn (USD110bn).
Partners Capital expands Apex mandate
FundRock Management Company, a European third-party ManCo and AIFM owned by Apex, has been appointed by Partners Capital to provide ManCo services to its flagship fund. FundRock previously supported the fund’s re-domiciliation to Luxembourg. Partners Capital is an outsourced investment office managing >USD51bn of assets and acting for endowments and foundations, investment professionals and families.…
Vistra hires C.I. MD
Vistra, the Asia-based fund and corporate services provider, has appointed Jonathan Ferrara as managing director for the Channel Islands. He will have full responsibility for the leadership and strategic development of Vistra’s C.I. offices, which provide real estate and private equity services as well as wealth management solutions. Ferrara has held senior roles at Bank…
Ocorian appoints first CIO
Ocorian, the C.I.-based administration services provider, has appointed Stuart Geddes as its chief information officer, a newly created role. Geddes, who has been with Ocorian since 2016, is based in Jersey, C.I. Nine members of Ocorian’s IT senior leadership team report to him directly,
Apex expands in Ireland
Apex has expanded its established presence in Ireland, with the opening of a new Limerick office and creation of new job opportunities. Apex plans to create more roles in Limerick and is seeking to hire professionals with experience in fund administration, accounting and corporate services. (For more information, visit the Apex careers page). Apex’s new…