Intertrust, the Netherlands-based provider of trust, corporate, private wealth, and fund and capital market services, has assisted iCON Infrastructure LLP with the first and final closing of its new USD1.9bn fund, iCON Infrastructure Partners V. iCON is an independent investment group focusing on privately held investments in infrastructure assets in Europe and North America. iCON…
Category: Offshore
Bill Gourlay joins Carne Group as global head of RM
Carne Group, a Luxembourg-based provider of ManCo and related services, has appointed Bill Gourlay as global head of relationship management. Gourlay was previously a partner at Aon with global responsibility for its investment solutions business. He has also worked at Royal Bank of Canada, SWIFT, Deutsche Bank, State Street and Bankers Trust. Gourlay will be…
Citi appoints Larissa Sototskaya to head Lux custody & fund services
Citi has appointed Larissa Sototskaya as the Head of Luxembourg custody and fund services (CFS). She will report to Pervaiz Panjwani, EMEA head of custody and fund services, and locally to Alberta Brusi, Luxembourg country head. She joined Citi in 2010 and most recently led global client service across the securities services franchise. The post…
EFA to service Espiria funds for East Capital
EFA, the Luxembourg-based administrator, has been appointed by East Capital Group to provide fund administration and related services for the Espiria fund range. Espiria has five sub-funds and uses asset pooling, with >EUR1bn AuM. For more than 10 years, EFA has been providing a range of administration services to East Capital in both Luxembourg and…
Didier Delvaux to head U.S. Bank’s Luxembourg office
U.S. Bank has hired Didier Delvaux to head its new Luxembourg office. Delvaux joins from State Street, where he spent 17 years, most recently as head of fund administration in EMEA. He previously served as COO of State Street’s Luxembourg operation.
Link launches UCITS platform in Lux
Link Group has launched a UCITS platform domiciled in Luxembourg. The platform –Elevation Fund SICAV –should enable investment managers to launch sub-funds in a faster and more cost-effective way. Last year, Link Group launched a similar platform in Ireland. The new umbrella fund will operate its first sub-fund for Stewart Asset Management, LLC, based in…
Vistra adds FoHFs licence upgrade in Lux
Vistra, the Hong Kong-based administrator, has received approval for its alternative investment fund manager licence upgrade in Luxembourg. Vistra is now authorised to service funds of funds in addition to private equity, real estate, infrastructure, and debt funds.
CapitalatWork outsources ManCo work to Lemanik in Lux
CapitalatWork, a wealth manager owned by Foyer S.A., the largest independent insurance group in Luxembourg, has decided to outsource its ManCo activities to Lemanik. CapitalatWork, which has EUR8bn AuM, migrated the business in December 2019.
EFA to provide admin services for WeInvest’s new RE RAIF
WeInvest Capital Partners, a Luxembourg-based real estate investor, has chosen European Fund Administration as administrator and and transfer agent for its Premium Real Estate Fund SICAV-RAIF S.C.A. Philippe Barthelemy, managing partner in charge of investment at WeInvest Capital Partners, said: “We are extremely pleased with the attention demonstrated by EFA teams involved when structuring and…
U.S. Bank wins two new mandates for Irish funds
Two new mandates for U.S. Bank in Ireland: Catalyst Capital Advisors, LLC has appointed U.S. Bank to provide fund administration and UCITS depositary services. The Carne Group will serve as the management company. New York-based Catalyst is an existing U.S. client, with USD14bn AuM. Iguana Investments has appointed U.S. Bank to provide fund administration and…