Link Administration Holdings Limited, the ASX-listed administrator, has released an update on the progress of the sale of its Fund Solutions business and in relation to ongoing negotiations with the UK Financial Conduct Authority. “Link Group is in exclusive negotiation with the Waystone Group in respect of the sale of the whole of its FS…
Category: Offshore
Crestbridge hires two for Lux
Crestbridge, the C.I.-based alternatives administrator, has made two appointments in its Luxembourg office. Teodora Croitoru has joined as head of compliance, fund services, while Emmanuelle Poret has taken on the role of head of client onboarding, fund services & ManCo. Croitoru joins from Intertrust, and Poret was previously at Ocorian.
Apex appoints Jersey head
Apex has appointed Alice Read as country head, Jersey. She will report to James Burke, regional head of Northern Europe and Channel Islands. Read joined Apex in 2021 as commercial director. She previously held roles with Intertrust as director of corporate services, Jersey and managing director, Dubai.
Waystone appoints new CRO
Waystone, the Ireland-based service provider to the investment management industry, has appointed Des Johnson as global chief revenue officer. Johnson, who is based in the U.S., was previously CEO for The Americas at Centaur, which Waystone recently acquired. Johnson joined Centaur in 2017 after a long career at Citi and a brief spell at SS&C.
EFA hires from Swedbank for Nordic coverage
EFA, the Luxembourg-based administrator owned by Universal Investment, has hired Pia Kumlin as head of the Nordic region, based in Stockholm. She will lead the existing team with the objective of strengthening client relationships, further developing not only Sweden but the broader Nordic market. Prior to joining EFA, Kumlin was chief product owner at Swedbank.…
UI supports Pella fund launch in Europe
Universal Investment, the Germany-based administrator that claims to have EUR950bn AuA (USD1trn), has supported the launch of the Pella Global Securities Sustainable Fund in Europe as part of the UI I umbrella fund. Pella Funds Management is an Australian asset manager. In addition of acting as fund service platform, Universal Investment will provide Pella with…
Jersey establishes new LLC structure
In an effort to close the gap with other offshore centres, the States of Jersey (Channel Islands) has passed legislation for a new LLC structure that aims to improve connectivity between the jurisdiction and U.S. alternative fund managers, providing enhanced options for U.S. managers looking to structure European-focused funds. The new LLC structure, which comes…
Ocorian hires head of global funds for Lux
Ocorian, the C.I.-based administrator, has appointed Peter Corry as head of global funds, Luxembourg. He joins from IQ-EQ where he spent the last three years as country delivery director for its Luxembourg operations. Prior to this, he was managing director of State Street’s private equity and real estate fund administration business in Luxembourg.
Crestbridge adds to RE team
Crestbridge, the C.I.-based alternatives administrator, has appointed Tawanda Mberi as an associate director within its real estate funds team. With almost 15 years’ experience in international financial services, Mberi has worked at a number of firms in both the C.I. and Zimbabwe. Most recently, he worked at Alter Domus where he oversaw a portfolio of…
IQ-EQ appoints European compliance chief
IQ-EQ, the Luxembourg-based administrator, has appointed Philip Hanssens as head of risk and compliance for Continental Europe. He joins IQ-EQ from Fidelity International, where he was responsible for leading the European compliance advisory team and overseeing the delivery of advisory services across EMEA and Latin America as chief compliance officer, Europe.