JTC, the C.I.-based independent administrator, has appointed Ronan Reilly as managing director and Imran Khan as director of the company’s new Dublin office. Reilly was previously at Law Debenture, whilst Khan was global head of operations for private capital services at RBC.
Category: Offshore
Intertrust hires Derek Ramage as head of fund ops in Lux
Intertrust, the Netherlands-based provider of corporate and fund solutions, has appointed Derek Ramage as head of fund operations. He will be based in Luxembourg. Ramage will have responsibility for client service and expanding the company’s Luxembourg-based private capital fund business. He will also have responsibility for the day to day running of fund operations, including fund accounting,…
GaoTeng appoints Lemanik, BBH for first UCITS fund in Ireland
GaoTeng Global Asset Management Limited, a Hong Kong-based manager, has launched its first UCITS fund, domiciled in Ireland. GaoTeng has appointed Lemanik as the UCITS ManCo, with Brown Brothers Harriman as fund administrator.
Modular AM appoints Northern Trust for new Asia funds
Northern Trust has been appointed by Modular Asset Management (Singapore) Pte. Ltd to provide custody, fund administration, middle-office outsourcing, collateral management and risk compliance monitoring services. Modular, which was spun out of Millennium Capital Management at the beginning of 2020, is a specialist Asian macro alternative investment management company licensed by the Monetary Authority of…
CACEIS completes first wave of fund migrations for CANDRIAM
CACEIS has completed the first of three fund migration waves for CANDRIAM, the French asset manager. This operation took place while all teams were working remotely. The migration involved 26 Luxembourg sub-funds accounting for some EUR10bn in assets. The operation involved a range of services, including depositary, custody, fund administration, transfer agency, fund distribution, securities…
CSC to open in Dublin
CSC, the privately owned U.S.-based provider of alternative fund administration and corporate services, has been licensed by the Central Bank of Ireland to establish a fund services operation in Ireland. Liam McHugh, managing director of fund services for CSC, will head the Dublin office, with a senior management team including David Barry as head of…
JTC to provide fund services for Ashburton Investments
Ashburton Investments, the C.I.-based asset management business of FirstRand Group, has appointed JTC to administer fund shareholder accounts. JTC will provide fund administration and fund accounting services to Ashburton Investments’ investors in its Jersey-domiciled funds. JTC, which recently moved into the U.S. market with the acquisition of NES Financial, has USD130bn AuA.
MUFG IS hires Fabrice Mas to head PERA in Luxembourg
MUFG Investor Services has appointed Fabrice Mas as head of private equity & real assets in Luxembourg. Mas will be based in MUFG’s Luxembourg office and will report to David Rochford, global head of hedge funds and PERA. Mas joins from TMF Group, where he was head of fund administration and shareholder services.
Aztec Group promotes Matt Horton to group head of PE
Aztec Group, the C.I.-based administrator, has promoted Matt Horton to group head of private equity. He replaces Alan Ross, who moves to a new role as group head of transformation. Gavin Hayman has assumed Horton’s former position as jurisdictional head of private equity in Guernsey.
Ocorian completes acquisition of Allegro in Luxembourg
Ocorian, the C.I.-based administrator, has completed the acquisition of Allegro S.à r.l., a Luxembourg-based third-party ManCo and fund administrator. Allegro is licenced to provide ManCo and fund administration services to AIF, RAIF, non-AIF and UCITS funds. It has c. EUR8.7bn AuM, primarily in underlying investment strategies with a PE/RE focus.