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…
Category: Offshore
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.
Highvern receives TCSP authorisation
Highvern, the C.I.-based administrator, has received Trust and Company Service Providers (TCSP) authorisation for its Ireland operation. This will allow the business to engage with a wider range of clients, offering a suite of corporate administration services to section 110 and SPV structures across debt, capital markets, real estate, infrastructure, private equity, aviation, and other…
Alpha adds to NatWest mandate
NatWest Trustee and Depositary Services (NWTDS) has expanded its partnership with Alpha Real Capital after being mandated to provide depositary services for its Long Income Funds range, which includes a GBP2.1bn Index Linked Income Fund which invests in portfolios of UK ground rent assets to provide a long-term secure and predictable inflation-linked income stream with…
Invictus converts crypto funds
Invictus Capital, a Cayman-domiciled manager, has migrated its tokenised crypto funds into a regulated mutual fund structure. All open-ended Invictus funds will now have the same oversight as other regulated mutual funds within the Cayman Islands. The funds will benefit from annual independent external audits and daily verification of fund assets by a licensed third-party…
MUFG opens hub in Cyprus
MUFG Investor Services, the asset servicing arm of Mitsubishi UFJ Financial Group, has established an operational centre in Limassol, Cyprus. This is MUFG’s second European hub, working alongside its Dublin office. MUFG has c. USD800bn AuC/A.
Waystone to acquire Centaur
Centaur, the Ireland-headquartered provider of fund administration services to the alternatives sector, has reached agreement to become part of the Waystone Group, subject to regulatory approval. With offices in U.S., Canada, Bermuda, the Cayman Islands, Luxembourg and the UK, Centaur employs over 220 staff and provides fund administration and fiduciary services to over 120 client…
CSC and Carne Group win new ILP mandate
CSC Global Financial Markets has been appointed as depositary for Sarona Global Growth Markets PE Fund 3 ILP, one of the first ILPs launched in Ireland. CSC will support Sarona Asset Management, a Canada-based private equity investor, together with Carne Group as AIFM.
EFA appoints new CCO
European Fund Administration, the Luxembourg-based independent administrator with EUR167bn (USD185bn) AuA, has appointed Paulo Fernandes as its chief commercial officer and member of EFA executive committee. He will be responsible for commercial, marketing, product & strategic development. Fernandes was previously head of client relationship management.
Ocorian appoints new Cayman MD
Ocorian, the C.I.-based administrator, has promoted Fiona Crellin to MD of the Cayman Islands office. She was previously director, business implementation – Americas, Bermuda, and Caribbean.