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.
Category: Offshore
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…
Ross Thomson joins Ocorian
Ross Thomson has joined Ocorian in Luxembourg as business development director. He was previously head of fund services for Crestbridge in Luxembourg, and has also worked at Carne and FundRock.
Equiom hires from Northern Trust
Equiom, the C.I.-based administrator, has hired Paul Rogers as executive director of the Guernsey office. He was previously head of fiduciary for Northern Trust in Guernsey.
JTC supports Valour’s ETP launch
JTC Group, together with Carey Olsen, have supported Canada-based digital asset manager Valour Inc.’s new digital asset ETP programme in Jersey, C.I., which will be offered to investors across the European Union. The ETPs will provide investors with access to a variety of cryptocurrencies and other digital assets via a regulated stock exchange. Issued by…