IQ-EQ, the Luxembourg-based administrator, is to launch a dedicated funds business in Ireland. IQ-EQ, which has offices in Dublin and Shannon, will be transferring a number of personnel from the group’s wider UK & Ireland cluster, including Belfast-based Eoghan Harney, who will hold the role of director and head of fund accounting. Gary Palmer, a…
Category: Offshore
GemCap appoints Karen Nolan as chair in Ireland
GemCap, an Ireland-based UCITS fund platform provider, has appointed Karen Nolan as chair of the GemCap Investment Funds (Ireland) Plc board. She was previously a non-executive director and has been on the board for two years. GemCap UK chief executive Stuart Alexander has stepped down as chair and remains a non-executive director.
KBA agrees to buy EFG Fund Management in Luxembourg
KB Associates, the Ireland-based professional services firm has reached an agreement to acquire EFG Fund Management S.A., a Luxembourg-based management company and subsidiary of EFG International AG, the Swiss private banking group. The transaction is subject to regulatory clearance. EFG is a longstanding client of the firm and of KBA’s management company in Ireland.
FundRock appointed as ManCo by Chimera Capital for new ICAV
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.
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.