Month: February 2020

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…

BNY Mellon has on-boarded Liontrust Asset Management Plc, a UK asset manager, as the first end-to-end client on its new investment operations (middle office) platform. The new open architecture platform, which is still branded as OnCore, aims to improve automation and integration capabilities, and offer enhanced data management and control capabilities to institutional asset managers.…

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…

Intertrust, the Netherlands-based provider of corporate and fund solutions, has assisted Bansk Group with the launch and ongoing servicing of its new private fund structure. The fund has been established as a Guernsey private investment fund. The sole purpose of the fund is to act as a private investment vehicle for the assets of a…

IQ-EQ, the Luxembourg-based administrator, has acquired Blue River Partners, a U.S. provider of fund services to alternative asset managers. The newly combined IQ-EQ U.S. operation will total 200 people in the U.S. as a result of this transaction. Founded in 2009, Blue River services more than 400 clients across the U.S. and employs approximately 180…

Swiss Life Asset Managers Luxembourg has mandated Société Générale Securities Services to take over its local representative agent (LRA) and local transfer agent (LTA) activities in France. This new mandate strengthens the partnership between the Swiss Life Group and SGSS. The LRA/LTA activity for Luxembourg funds distributed in France was previously carried out by Swiss…

19 December 2019: This is no time to beat around the bush. RBC’s investor services business has had a horrible 2019. Much as I admire the management team, it has not distinguished itself over the last twelve months. It ended its fiscal year with a kitchen-sink charge that will cover repositioning (primarily the exit from…