CSC, a U.S.-based provider of business, legal, tax, and digital brand services, has acquired FIRSTCORP PTE. LTD and its affiliates, a Singapore-based service provider of company secretarial and administration services to corporations and alternative asset managers. FIRSTCORP offers company formation, corporate secretarial, and domiciliation services, and specialises in the establishment and ongoing administration of Singapore…
Year: 2020
PEF launches Accounting Portal via ViewPoint
PEF, a U.S.-based fund administrator for alternative investment managers, has launched the Accounting Portal within its ViewPoint investor portal framework. The Accounting Portal offers enhanced access to the fund’s books and records as well as workflows for review and approval. ViewPoint provides alternative investment managers and their investors with direct access to data and documents,…
Crestbridge acquires Ovation FS in the U.S.
Crestbridge, the C.I.-based private equity and real estate administrator, is to acquire Ovation Fund Services, a U.S.-based provider of fund administration, accounting and reporting services to US domestic private equity and real estate funds. Ovation will become part of the Crestbridge brand from 31 December 2020 and all Ovation employees will join the global Crestbridge…
Apex acquires UK retail TA provider, IASL
Apex has acquired Investor Administration Solutions Limited, a UK-based retail transfer agency business, from Professional Partners Administration Limited. Terms and details of the deal were not disclosed.
EFA selects SEQVOIA for digital transformation
EFA, the Luxembourg-based administrator with EUR136bn AuA, has selected the SEQVOIA data management platform to digitize key operational processes.
Crestbridge hires Giri Kathiravelu as head of client accounting
Crestbridge, the C.I.-based administrator, has appointed Girisanthan (Giri) Kathiravelu as head of client accounting, based in the UK. He will lead the team supporting Crestbridge’s alternative asset manager client base across a broad range of reporting and regulatory areas, including accounting and investor reporting. He joins from IQ-EQ.
Northern Trust appoints Dan Sleep to APAC market advocacy & innovation team
Northern Trust has appointed Dan Sleep to its market advocacy & innovation research team in Asia-Pacific, where he is responsible for driving engagement with industry and regulatory bodies and implementing digital innovation research projects across the region. Sleep is based in Singapore. He was previously derivatives practice lead in APAC.
BBVA to launch digital asset service through Switzerland
BBVA, the Spanish bank, has begun to roll out the trials of what will become its first commercial service for the trading and custody of digital assets. The new service, which will be offered through BBVA Switzerland, will make it possible to manage transactions and have deposits in bitcoin.
State Street leads Series C funding for Lukka
Lukka, a crypto asset software and data provider, has completed its Series C funding, led by State Street, with participation from S&P Global, and CPA.com, the business and technology subsidiary of the AICPA. Lukka will continue to expand its existing institutional-grade software and data products for traditional businesses and funds as they adopt crypto assets…
Northern Trust makes senior management changes
Northern Trust is making some senior management changes across its asset servicing business. James Wright, who joined in 2016 from J.P. Morgan, is promoted to head the institutional investors group across EMEA, based in the UK. In the U.S., Peter Sanchez, who has run the hedge fund services business in North America since 2011, is…