Ocorian, the C.I.-based administrator, is to acquire Newgate Compliance, a UK-based compliance consultancy and hosted regulatory solutions provider for funds clients. The deal is subject to regulatory approval.
Category: Offshore
Itau USA Asset Management consolidates with SS&C GlobeOp
Itaú USA Asset Management has selected SS&C GlobeOp as its fund administrator. IUAM is the U.S. investment management arm of Itaú Unibanco, Brazil’s largest non-government bank. SS&C will provide fund administration, including full middle and back office services, investor services, performance analytics, regulatory compliance assistance and risk-related services for Bank Itaú’s Cayman-domiciled funds.
Sanne hires Keith Miller as global head of private debt
Sanne, the UK-listed provider of alternative asset and corporate administration services, has appointed Keith Miller as the global head of private debt. Based in London, he will be responsible for building the private debt and loan agency product offering. Miller joins from Global Loan Agency Services Limited and Nomura International Plc. Sanne’s private debt business…
Aztec appointed to administer Deutsche Private Equity’s latest fund
Aztec Group, the C.I.-based administrator, been appointed to administer Deutsche Private Equity’s EUR1bn Fund IV. Aztec will provide administration, reporting and investor services to the fund from its offices in Jersey, Luxembourg and the Netherlands. Aztec also administers DPE’s Fund II and Fund III Established in 2007 and with >EUR2bn AuM, DPE is an independent…
Carne Group appoints John Herlihy as non-executive chairman
Carne Group, the Ireland-based fund services provider, has appointed John Herlihy as non-executive chairman of its board of directors. Herlihy has previously held roles at Google, First Data, Oracle and Adobe.
Nick Maton joins Intertrust as Luxembourg country head
Intertrust has appointed Nick Maton as Luxembourg country head. Maton was previously head of HSBC’s securities services business in Luxembourg, and has also worked at J.P. Morgan.
EFA to administer RAM’s AI-driven sustainable fund
RAM Active Investments has selected EFA, the Luxembourg-based administrator, for its AI-driven sustainable fund, the RAM Stable Climate Global Equities Fund. Headquartered in Geneva, RAM Active Investments is an affiliate of Mediobanca Group, with AuM of USD 3.1bn.
Apex to provide admin and depositary services for Melior
Apex Group has been appointed to provide fund administration and depositary services to the debut fund of Melior Equity Partners. Melior was launched in early 2020 following the completion of a spin-out of the investment team from The Carlyle Group’s Irish activities. The fund has recently held a first close for its Luxembourg domiciled debut…
Oak and PraxisIFM plan to merge
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 adds senior talent across asset servicing business
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,…