FundRock, which was recently acquired by the Apex Group, has been appointed as ManCo for the recently launched Chimera UCITS ICAV, with Abu Dhabi-based Chimera Capital Limited as the appointed investment manager. FundRock will provide the risk management and regulatory framework for the ICAV and undertake the sub-funds’ delegated oversight.
Category: Offshore
State Street wins EUR42bn mandate from Fideuram in Luxembourg
Fideuram – Intesa Sanpaolo Private Banking, part of the Intesa Sanpaolo Group, has appointed State Street in Luxembourg to assume the depositary bank and fund administration activities presently performed by its subsidiary, Fideuram Bank Luxembourg. The mandate covers c. EUR42bn (USD51bn) AuM. The completion of the transaction, which is conditional on regulatory approvals, is expected…
U.S. Bank hires David Kubilus as CCO for global fund services
U.S. Bank has hired David Kubilus for the newly created role of chief commercial officer for global fund services. Kubilus is based in London and will be responsible for connecting with investment managers about U.S. Bank’s recently launched Luxembourg capabilities. He will also contribute to the strategic development of global fund services in the U.S.…
Aztec supports USD2.75bn Basalt III infrastructure fund
Aztec Group, the C.I.-based administrator, has supported Basalt Infrastructure Partners with the closing of Basalt III, which raised USD2.75bn to invest in infrastructure equity opportunities. Aztec will provide ongoing administration and accounting services to the fund from its Guernsey, Luxembourg and UK offices.
Aztec appoints Dave Griffin as group head of depositary services
Aztec Group has appointed Dave Griffin as group head of depositary services. Based in the UK, he will sit on the Aztec group executive committee, with a group-wide remit across all operational jurisdictions. He joined Aztec in 2013.
Christophe Sieger joins Crestbridge as Lux head of ManCo ops
Crestbridge, the C.I.-based administrator, has appointed Christophe Sieger as director of ManCo operations, Luxembourg. He joins from MLRO in Luxembourg.
Mirek Gruna joins IQ-EQ as Jersey chief commercial officer
IQ-EQ, the Luxembourg-based administrator, has appointed Mirek Gruna as its chief commercial officer for Jersey, a newly created role. He joins from Dominion Fiduciary, where he was managing director in Jersey.
Ocorian supports launch of Cordiant’s digital assets fund
Ocorian, the C.I.-based administrator, has supported the launch of Guernsey’s first London Stock Exchange listed fund focused specifically on investing in digital infrastructure assets, Cordiant Digital Infrastructure Fund Limited. The fund, managed by Canadian asset manager, Cordiant Capital Inc., is listed on the specialist fund segment of the LSE’s main market. It raised GBP370m from…
Carne to act as AIFM for Great Point Entertainment
Carne Group, the Ireland-based administrator, has been appointed as AIFM for Great Point Entertainment Income Trust PLC ahead of its planned GBP200m flotation on the London Stock Exchange. GPEIT is a newly established, externally managed closed-end investment company.
JTC to acquire INDOS
JTC, the C.I.-based administrator, has announced plans to acquire INDOS, a provider of depositary, ESG and AML oversight services for alternative investment funds. INDOS employs >50 staff across three locations in Ireland and the UK. All employees, including INDOS founder and CEO Bill Prew and his senior management team, will join JTC. The transaction is…