Category: Offshore

Oak Group and PraxisIFM, two administrators based in Guernsey, plan to merge. Heads of Terms, which enable both companies to start formal negotiations, have been agreed and signed. Established in 2018 through the consolidation of four businesses, Oak operates across six jurisdictions with approximately 200 employees worldwide. PIFM listed on TISE in 2017 and has…

BNY Mellon has made some significant hires across its asset servicing business. Mark McKeon joins as global head of front-to-back solutions, based in Dublin. He is charged with expanding asset servicing’s front-to-back solutions platform globally, connecting the front, middle and back office to deliver a seamless platform for clients. His remit will include OMS partnerships,…

Duff & Phelps, a U.S.-based provider of governance, risk and transparency solutions, has been authorised by the Central Bank of Ireland as an AIFM and UCITS management company (Super ManCo) in Ireland. The Irish Super ManCo joins Luxembourg as the second hub in Duff & Phelps’ European operations to offer a full portfolio of independent…

Pacific Equity Partners, an Australia-based private markets fund manager, has closed its sixth core fund with Ocorian, the C.I.-based fund services provider, as administrator. The Cayman-domiciled fund has AUD2.5bn of commitments. Ocorian assisted with the establishment, launch and closings of Fund VI and will continue to provide ongoing support, including administrative, depositary and governance services…