Maitland Fund Services, a South Africa-based administrator, has appointed Jacolene Otto as head of fund services – Luxembourg. She also joins the board of Maitland Luxembourg S.A. This is an internal appointment.
Category: Offshore
ZEDRA makes U.S. acquisition
ZEDRA, the Switzerland-headquartered fund and corporate solutions provider, has signed a sales and purchase agreement to acquire Atlas Fund Services, a privately held fund administrator. The deal is subject to regulatory approval by the Centrale Bank of Curaçao and Sint Maarten. Founded in 2006, Atlas Fund Services provides alternative investment fund services to U.S.-based investment…
Montrusco Bolton launches Lux fund
Montrusco Bolton, a Canadian asset management firm with USD8bn AuM, has launched a Luxembourg-domiciled global equities fund aimed at retail and professional investors. Universal Investment has been appointed as the fund’s ManCo.
FundRock wins EUR17bn Irish mandate
FundRock, the Apex-owned, Luxembourg-based ManCo and AIFM provider, has been appointed by Royal London Asset Management Funds plc and RLAM Funds ICAV to provide ManCo services for their Irish fund range and distribution support within the European Union. The funds’ combined assets under management are over EUR17bn (USD18bn). RLAM manages GBP164bn (USD211bn).
EFA to administer new RAIF
EFA, the Luxembourg-based administrator, has been appointed as administrator for the Freedom Luxembourg Alternative Strategies RAIF, providing fund accounting as well as registrar & transfer agency services. The new venture capital fund has been launched by Freedom Asset Management Ltd, a Guernsey-based asset manager providing services to private clients and family offices. The fund’s first…
Krypton hires new head of PE
Krypton Fund Services, a Bermuda-based administrator, has hired David Rourke as head of private equity, based in Bermuda. He was previously Bermuda COO for IQ-EQ.
KBA appoints new head of Malta
KB Associates has appointed Bjorn Grech as CEO of the KB Associates MiFID firm in Malta. He joins from Altarius, a Maltese fund solutions provider. Ireland-headquartered KBA is in the process of being acquired by the UK’s Waystone Group.
LGL to deploy Allvue solutions
LGL Group, the C.I.-based provider of alternative fund, corporate, and family office services, has selected Allvue Systems, a provider of technology solutions for the alternative investments sector, to provide its fund accounting and investor portal platforms to support its fund administration business. Based in the U.S., Allvue was established in 2019 through the merger of…
EFA owners agree to sell
Universal Investment Group and the shareholders of European Fund Administration (EFA) – Banque de Luxembourg, Banque et Caisse d’Épargne de l’État, Oddo BHF, Quintet Private Bank (Europe) S.A. –have entered into an agreement for the acquisition of EFA by Universal Investment Group. The transaction is subject to regulatory clearance by CSSF and is expected to…
IQ-EQ appoints new Lux CCO
IQ-EQ, the Luxembourg-based investor services group, has named Bram Eijsbouts as its new chief commercial officer (CCO) for Luxembourg. Having joined IQ-EQ in 2020, he has been promoted from his previous role as head of business development for Luxembourg.