A trio of industry veterans has launched a new administration service in Ireland. Alchelyst – which expects approval from the Central Bank of Ireland imminently – will focus on the alternatives sector, where the principals each have extensive experience. Joan Kehoe is CEO, Ian Lynch is chief commercial officer, and Brian Fitzgerald is COO. All…
Category: Offshore
State Street further consolidates in India
State Street and HCLTech are finalising plans for State Street to assume full ownership of Statestreet HCL Services, the India-based JV formed in 2012 to provide business operations services. This consolidation is expected to be completed in Q2 2024. State Street has partnered with HCLTech for more than a decade. Earlier this year, State Street…
RBSI hires new Lux chief
Daniela Klasen-Martin has been named head of RBS International Luxembourg. She will join in February 2024, subject to regulatory approval. She replaces Ian Harcourt, who became RBS International’s country head Luxembourg in 2018. Klasen-Martin was previously CEO of Credit Suisse Fund Management and head of fund platform services. Before that, she worked at private equity…
Imperium promotes three to board
Imperium, the C.I.-based fund administrator, has appointed Andy Hatton, Colette Taylor and Charlotte Parr to the Imperium Fund Services Limited board of directors. Colette Taylor is Imperium’s head of fund accounting, whilst Andy Hatton and Charlotte Parr are both client services directors.
Waystone confirms group COO
Nick Wheeler has been confirmed as group COO at Waystone, the European ManCo and fund services provider. He has been interim COO since the board removed its CEO, CFO and COO earlier this year.
JTC to acquire Blackheath
JTC, the C.I.-based fund and corporate services business, has agreed to acquire Blackheath Capital Management LLP, an asset management business based in the UK. The transaction is subject to various closing conditions and final regulatory approvals and is expected to close during Q1 2024. Formed in 2010, Blackheath provides bespoke management and regulatory oversight services…
BNPP to integrate HSBC’s hedge fund admin business
BNP Paribas’ securities services business has signed an exclusive agreement to integrate HSBC’s hedge fund administration business. The agreement covers HSBC’s hedge fund administration business, to be transferred to BNP Paribas’ entities in several markets, including Hong Kong SAR, Singapore, Ireland, and Luxembourg. The transfer of services from HSBC to BNP Paribas will be offered…
Vistra appoints Lux country head
Frank Roden has joined Vistra as country head for Luxembourg. Roden spent 22 years at BNP Paribas. He replaces Jervis Smith, who took the post in 2019 after a long career at Citi.
HIGHVERN adds to Jersey funds team
HIGHVERN, the C.I.-based administrator, is expanding its funds team in Jersey with the appointment of two senior managers. Dennis Cruz joins as director, fund accounting in Jersey, whilst Richard Go is appointed director of funds.
TMF hires from State Street
TMF Group, the Netherlands-based provider of business administration services, has appointed Gareth Casement as head of loan administration. Based in Dublin, he will report to Daniel Max, head of global solutions. Casement joins from State Street.