Alter Domus has supported Longship AS, a Norwegian-based private equity investor with a focus on the Norwegian lower-mid market, with the first and final closing of Longship Fund III. This follows the 2022 migration of the fund administration role for Longship Fund I and Longship Fund II to Alter Domus. Longship Fund III has closed…
Category: Offshore
IQ-EQ opens in Dubai
IQ-EQ has opened in Dubai, UAE, its first physical presence in the Middle East. The new office, located in the DIFC, brings Luxembourg-based IQ-EQ’s location count to 25 jurisdictions worldwide. IQ-EQ has received approvals from the DIFC and the DFSA to offer services to clients ranging from corporate businesses to ultra-high-net-worth individuals and family offices.…
Waystone sacks senior management team
Waystone, the Ireland-based provider of specialist services to the investment management sector, has abruptly parted company with Derek Delaney, CEO, Paul Cahill, COO, and Glen Magee, CFO. Waystone said: “Given our growth and the current scale of the business it was felt that the right thing for the company was to introduce new management to…
EDB adds to senior management team
European Depositary Bank, the Luxembourg-headquartered provider of banking, depositary and custody solutions, has appointed Cecilia Gejke as managing director and member of the executive management board, and Gilda Neiman as a member of the board of directors. As part of Apex Group, EDB is one of the largest providers of depositary services in Europe for…
Crestbridge granted Lux depo licence
Crestbridge, the C.I.-based provider of private equity and real estate administration solutions, has been granted its depositary licence by CSSF, Luxembourg’s financial services regulator. The new depositary offering is underpinned by the fintech, Depowise. Depowise’s automated technology-enabled processes improve accuracy and efficiency for clients, by mitigating many of the risks inherent in the manual processes…
U.S. Bank launches European ETF services
U.S. Bank has launched its new ETF services in Europe, as well as signing its first client for this offering. U.S. Bank will support Horizon Kinetics’ European version of its Inflation Beneficiaries ETF, an actively managed fund that seeks to address one of the most important economic and investment drivers – inflation – by identifying…
Centralis hires new CCO
Centralis Group, Luxembourg-based provider of alternative investments and outsourced corporate services, has appointed Elizabeth Fitzgibbons as chief commercial officer. She will join the executive committee and report directly to CEO Aidan Foley. Fitzgibbons was previously head of sales for debt and capital markets at Alter Domus. She will be based in the London office.
IQ-EQ signs with Alpha
IQ-EQ, the Luxembourg-based administrator, has entered into an alliance with Alpha Group, a UK-based fintech, for account opening and currency management solutions. These services will be provided directly by Alpha to IQ-EQ clients.
HIGHVERN hires fund director
HIGHVERN, the C.I.-based private wealth, corporate and fund administration services provider, has hired Gail Atamosa as a fund director. She was previously at Sanne, the UK-based administrator owned by Apex.
Aztec opens in Ireland
Aztec, the C.I.-based alternatives administrator, has established a presence in Ireland with a hub in Kilkenny. This follows the appointment in 2022 of Kevin Hogan as head of Ireland fund services. Hogan joined from State Street. A recruitment drive is now underway to build a team of approximately 30. The roles will cover private equity,…