Paul Heffernan has joined Waystone as CEO of its ETF business. He previously spent six years at HSBC in senior European sales roles for the securities services business. He is based in Ireland.
Category: Offshore
Ocorian granted three new licences in Ireland
Ocorian, the C.I.-based administrator, has been granted three new licences by the Central Bank of Ireland. The firm, which has offered corporate and capital market services in Ireland for 15 years, now has licences covering AIFM, fund administration and real asset depositary services.
Intertrust hires head of AIFM in Lux
Johannes Höring has joined Intertrust, the Netherlands-based administrator, as head of AIFM in Luxembourg He has worked in Luxembourg, Germany, UK and Ireland in various senior positions, including conducting officer, managing director and manager of fund management companies and authorised AIFMs.
Apex to acquire Darwin
Apex plans to acquire Darwin Depositary Services, a Netherlands-based provider of depositary services for alternative investment funds. Darwin will add EUR4.5bn (USD4.7bn) of assets, expanding the geographic scope of Apex’s independent depositary services, currently delivered through subsidiary European Depositary Bank in Luxembourg, Ireland, UK and Malta. Darwin’s management team will join Apex following completion of…
Foord appoints Equity Trustees as RE for new fund
Equity Trustees, the Australia-based provider, has been appointed as local Responsible Entity (trustee) by Foord Asset Management (Singapore) Pte. Limited. The new Foord Global Equity Australian Feeder Fund invests exclusively in the Foord SICAV, Foord Global Equity Fund (Luxembourg).
GemCap hires for compliance
GemCap, the Ireland-based ManCo, has appointed Emily Gallagher as compliance associate, working alongside Brian Ormonde Murphy, head of compliance. She joins from Accenture.
DSG expands Apex relationship
Apex has expanded its relationship with DSG Consumer Partners, an investor in consumer businesses in India & Southeast Asia. DSG Consumer Partners has recently appointed Apex in Mauritius and Singapore to provide fund solutions for its fourth fund, Singapore-domiciled DSG Consumer Partners VCC. Apex was initially appointed by DSG Consumer Partners in 2019 to provide…
Sunibel opts for PFS-PAXUS
Sunibel Corporate Services, a Mauritius-based administrator, has selected the PFS-PAXUS fund administration system for its third-party fund administration business operations. Pacific Fund Systems, the provider of PFS-PAXUS, services a client base with more than USD1tn of assets. Sunibel offers fund administration services to alternative funds, including fund accounting, investor services, compliance and tax services. PFS-PAXUS…
Apex to acquire in Malta
Apex plans to acquire ZASMalta, a specialist provider of regulatory compliance and risk management services. Malta-based ZAS provides regulatory compliance and risk management, reporting and internal audit services to USD20bn of assets across 50 clients. The acquisition will expand Apex’s presence in the Malta market where the group has been actively involved in the funds…
Suntera appoints MD of C.I.
Suntera Global, the UK-based provider, has appointed Dan Bisson as managing director of its operations in the Channel Islands. He will oversee operations in both Jersey and Guernsey, leading a 130-strong team delivering a range of private wealth, fund and corporate services. Prior to his new role, Bisson was the managing director of Nedgroup Trust,…