Jupiter Asset Management, the UK-based investment management group with GBP47bn (USD57bn) AuM, has extended its transfer agency contract with SS&C. SS&C provides TA services to Jupiter’s unit trusts and has now taken on Jupiter’s OEIC fund range, acquired in 2020 as part of its Merian Global Investors acquisition. The value of funds administered by SS&C…
Category: Offshore
Participant Capital appoints Apex
Apex has been appointed by Participant Capital Advisors, LLC, a U.S.-based real estate investment firm, to provide fund and financial services. Participant is the affiliated asset management arm of Royal Palm Companies, which has developed more than 50 large-scale, mixed-use projects over 40 years. Apex will provide fund administration services to Participant Capital’s Luxembourg domiciled…
IQ-EQ hires Jersey risk & compliance head
IQ-EQ, the Luxembourg-based service provider, has appointed Jon Stevens as head of risk and compliance for its Jersey business. He was most recently director of policy at the Jersey Financial Services Commission.
UI completes takeover of EFA
Universal Investment Group, the Germany-based administrator, has completed the acquisition of Luxembourg-based financial services provider European Fund Administration S.A. (EFA). The agreement has recently been approved by CSSF, the Luxembourg financial regulator. EFA will act as the group’s international investor services platform. EFA and Universal Investment Luxembourg will continue as separate entities and will be…
GenTwo appoints EDB
European Depositary Bank, the Apex-owned provider of banking, paying agency, depositary and custody solutions, has been appointed to provide paying agent and banking services for third party investors to GenTwo. Zurich-based GenTwo creates securitisation platforms for asset managers, banks, family offices and venture capital investors, enabling professional investors to invest in bankable and previously non-bankable…
ZEDRA gets green light for Atlas takeover
ZEDRA, the Switzerland-based administrator, has received regulatory approval from the Central Bank of Curaçao and Sint Maarten for its acquisition of Curaçao and U.S.-based Atlas Fund Services, a privately held alternative investment fund administrator.
BBH announces four RMs for inserv business
In the clearest signal yet that the State Street deal to acquire Brown Brothers Harriman’s investor services business in far from certain, BBH has announced four new senior relationship managers. Mariana Kelly joins from BNY Mellon where she worked as a relationship manager for Latin American clients and held roles in business development, project and…
Glennmont extends RBS relationship
Glennmont Partners, the UK-based manager which focuses exclusively on investment in clean energy infrastructure, has appointed RBS International Depositary Services as depositary for the Nuveen European Core Renewable Infrastructure Fund. The new open-ended fund, which has an initial raising of EUR700m (USD683m), will invest in brownfield, renewable energy assets and projects across continental Europe. In…
Aztec appoints NED
Aztec Group, the C.I.-based alternatives administrator, has appointed New York-based Eric Bernstein as a non-executive director. Bernstein is currently COO at EquityZen, a technology start-up that connects shareholders of private companies with investors seeking alternative investments. Prior to this, he was president at Broadridge Asset Management Solutions. Aztec, which opened its first U.S. office in…
Derek Russell joins JTC
Derek Russell has joined JTC in Luxembourg as a client director. He was previously at Intertrust, which is being acquired by CSC.