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.
Month: April 2020
BP2S to administer new Singapore VCC for Kamet Capital Partners
BNP Paribas Securities Services has been appointed by Kamet Capital Partners to provide custody and fund administration services in Singapore. Kamet is one of the first fund managers to use Singapore’s new Variable Capital Company (VCC) structure. Kamet Capital Partners was established in 2017 as a family office.
Apex appoints co-heads for PERE business
Apex, the Bermuda-based administrator, has appointed co-heads for its private equity and real estate business, which administers c. USD300bn. Elaine Chim is appointed head of private equity and real estate for the Americas, and Gareth Smith is head of private equity and real estate for the EMEA and APAC regions. Chim joined Apex in 2018…
FundRock launches AIFM in France
FundRock, the Luxembourg-based ManCo and administrator, is to launch a new AIFM in France to service private equity and real estate investors. Jean Edouard Mazery has joined from Twenty First Capital, a European asset manager, to lead the French business. He will be initially based in Luxembourg and will relocate to Paris once regulatory approval…
MUFG IS hires two seniors for FX business
MUFG Investor Services is expanding its FX service offering with two new senior hires. Hans Jacob Feder has joined as global head of FX services, based in London and reporting to John Sergides, CEO. He was previously at J.P. Morgan Securities, where his most recent role was head of FX services execution. Al Baptiste joined…
Saluda Grade appoints Socium as administrator for income fund
Socium Fund Services, a U.S.-based administrator focused on private equity, venture capital, real estate, and private debt funds, has been appointed by Saluda Grade, a New York-based advisory firm in the private and alternative lending sector, as fund administrator for the Saluda Grade Income Fund LLC.
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…
HSBC to merge markets and securities services
HSBC has become the latest universal bank to merge its markets and securities services businesses. After a period of due diligence, HSS will be combined with global markets to form a new unit, Markets and Securities Services. Allegra Berman and Richard Godfrey, co-heads of HSS, will report to Georges Elhedery, co-head of global banking and…
Intertrust appoints Frank Hattann as global head of sales
Intertrust, the Netherlands-based administrator, has appointed Frank Hattann as global head of sales, reporting to Ian Lynch, Intertrust’s chief commercial officer. He joins from Microsoft, where he was director of digital sales. He is based in Dublin.
Centaur opens first office in Canada
Centaur Fund Services, the Ireland-based administrator, has opened an office in Waterloo, Ontario, its first in Canada. Specialising in private equity and insurance linked securities, the team of seven is expected to grow to 12 by the end of 2020 with the goal of a further doubling of local jobs within two years. Self Hamac…