Apex has agreed to acquire Banco Modal’s alternative fund administration business in Brazil (MAF). MAF will add 75 employees to the group, increasing its overall Americas headcount to over 400 people, while broadening its existing presence in LatAm through offices in Rio de Janeiro and São Paulo, complementing its Uruguay office, established in 2013. The…
Year: 2020
Steve Payne joins PA as a partner in Sweden
PA Consulting has appointed Steve Payne as a new partner within financial services in Sweden. Payne was most recently partner at Deloitte with responsibility for the financial markets in the Nordic countries, and before that a business development manager at BNP Paribas Securities Services.
Ultimus supports Shelton’s consolidation of ICON funds
Ultimus Fund Solutions provided operational support to a fund sponsor client, Shelton Capital Management, as it restructured another mutual fund family. Earlier this year, Shelton announced a transaction with ICON Advisers after which Ultimus facilitated the consolidation of the funds and conversion from another service provider. Post conversion, Ultimus will provide fund accounting and transfer…
NT adds research management and investment analysis modules to FOS platform
Northern Trust has launched research management and investment analysis modules in its Front Office Solutions platform. The new research management module captures the life-cycle of the entire manager selection process, including contacts, key relationships, quantitative and qualitative data, emails, documents, meeting notes, and calendar entries. A flexible data model allows users to customise views, synchronise…
Broadridge links LTX corporate bond trading platform to CRD
Broadridge Financial Solutions, the U.S.-based fintech solutions provider, has integrated its new AI-driven digital trading platform, LTX, with Charles River Investment Management Solution as part of a strategy to improve efficiency in the corporate bond market. Broadridge recently appointed Art Certosimo as chairman of LTX.
4Pines hires Jonathan North from Alter Domus as head of product
4Pines Fund Services, the recently formed U.S. private equity administrator, has appointed Jonathan North as head of product. North joins from Alter Domus, where he was head of private clients for the U.S.
Brooks Macdonald signs outsourcing deal with SS&C
Brooks Macdonald, a UK wealth manager, has partnered with SS&C for technology and operational services. As part of the arrangement, Brooks Macdonald will consolidate its operations on SS&C technology. By 2021, SS&C will transition Brooks Macdonald’s operations to its technology and deploy its end-to-end wealth technology stack. Solutions include the SS&C Investrack digital service layer…
Apex to support LCP Fund II for Egypt’s Lorax Capital Partners
Apex, the Bermuda-based global fund and corporate services provider, has been appointed by Lorax Capital Partners to provide fund administration and corporate services to LCP Fund II. Lorax is an Egypt-based private equity firm. Lorax has secured commitments from five LPs, totaling USD142m, for the first close of LCP Fund II.
Carlyle to buy majority stake in Calastone
The Carlyle Group has agreed to buy a majority stake in Calastone, the UK-based funds network, from its current owners, including Octopus Ventures and Accel, for an undisclosed sum. Terms of the deal were not disclosed and it is subject to regulatory approval.
Intertrust launches fund governance service, Ironstone Directors
Intertrust Group, the Netherlands-based provider of corporate, fund, capital market and private wealth services, has launched a new fund governance service, Ironstone Directors, which is focused on offering independent directorship services and governance solutions.