BNP Paribas’s securities services business has enhanced its investment compliance screening capabilities to include a range of ESG criteria. The new service enables asset managers and asset owners to incorporate customisable and flexible ESG criteria into their portfolio monitoring. The service employs a range of data feeds from external and internal sources to enable asset…
Category: Offshore
Participant Capital expands with Apex
Participant Capital Advisors, LLC, a U.S-based real estate investment fund manager. has appointed Apex to provide fund administration services for its latest U.S. fund, the Participant Capital Sun Belt Multifamily Development Fund I. The fund is targeting USD250m in capital commitments. Apex was initially appointed in 2022 to provide fund administration services to Participant Capital’s…
Suntera to acquire in Guernsey
Suntera Global, the C.I.-based administrator, plans to acquire Carey Commercial Limited, a Guernsey-based fund, corporate and private wealth services provider. With 80 employees, Carey currently provides professional, administrative and accounting services to a portfolio of fund managers, institutions, UHNWs and family offices. The deal is subject to regulatory approval.
Alter Domus acquires CLO specialist
Alter Domus, a Luxembourg-based provider of fund administration, debt capital markets, and corporate services for the alternative investment industry, has acquired Solvas, a loan and debt servicing software platform, from Deloitte. Solvas serves asset managers and trustee participants in the collateralised loan obligation (CLO) markets internationally and offers accounting, modelling, and credit risk solutions. Most…
BBH to service Schroders ELTIF
Brown Brothers Harriman has been selected by Schroders Capital as central administrator and depositary bank for the launch of its first European Long-Term Investment Fund (ELTIF). Peter Arnold, COO of Schroders Capital, said: “We believe that a wider range of investors should have access to the opportunities that private assets can offer. BBH’s ability to…
Artemis consolidates with Northern Trust
Northern Trust has been appointed to provide a range of solutions for Artemis, a UK-based asset manager with >GBP24.3bn (USD30.1bn) AuM The deal sees Northern Trust appointed as Artemis’ single provider of asset servicing solutions. The agreement includes the provision of investment operations outsourcing solutions, fund administration, depositary, global custody and transfer agency services for…
Crestbridge hires Ireland compliance head
Crestbridge, the C.I.-based alternatives administrator, has appointed Paul Phelan as head of risk & compliance in Ireland. He will be responsible for risk, compliance and MLRO for Ireland. He was previously with Link Group.
Citi confirms new Benelux chief
As previously reported, Citi has now confirmed that Eduardo Gramuglia Pallavicino has joined as the new head of Belgium, Netherlands and Luxembourg (Benelux) for securities services. Before a brief spell at Next Gate Tech, Gramuglia was at State Street where he was CEO and country head of Luxembourg. He replaces Larissa Sototskaya, who has moved…
Suntera adds to finance team
Suntera Global, the Isle of Man-based administrator with USD35bn AuA, has promoted Alex Noel to chief financial officer and hired Tom Cope as group head of finance. Noel was previously director of mergers and acquisitions, whilst Cope was previously head of finance at Sanne, the Apex-owned administrator.
Citi hires Lux/NL chief
Citi has hired Eduardo Gramuglia Pallavicino as head of Luxembourg & the Netherlands. Gramuglia, who has been working as a strategic advisor and non-executive director, was previously head of Luxembourg for State Street and has also worked at BBH. He replaces Larissa Sototskaya, who has moved to a new role as global head of TA…