The trust banks enjoyed the first quarter of 2020. FX earnings were up across the board as volatility returned. After a generally undistinguished 2019, the banks bounced back in Q1 2020. But how is the rest of the year going to play out? When your social and business lives are conducted through Zoom, Teams, FaceTime…
Year: 2020
Northern Trust hires Alison Pain as CTO for EMEA
Northern Trust has named Alison Pain as chief technology officer (CTO) for Europe, Middle East & Africa. Based in London, Pain will lead the planning, organisation, direction and control of the enterprise technology business unit across EMEA. She reports to Tom South, chief information officer at Northern Trust, with a local reporting line to Teresa…
MUFG IS hires Fabrice Mas to head PERA in Luxembourg
MUFG Investor Services has appointed Fabrice Mas as head of private equity & real assets in Luxembourg. Mas will be based in MUFG’s Luxembourg office and will report to David Rochford, global head of hedge funds and PERA. Mas joins from TMF Group, where he was head of fund administration and shareholder services.
Aztec Group promotes Matt Horton to group head of PE
Aztec Group, the C.I.-based administrator, has promoted Matt Horton to group head of private equity. He replaces Alan Ross, who moves to a new role as group head of transformation. Gavin Hayman has assumed Horton’s former position as jurisdictional head of private equity in Guernsey.
Ocorian completes acquisition of Allegro in Luxembourg
Ocorian, the C.I.-based administrator, has completed the acquisition of Allegro S.à r.l., a Luxembourg-based third-party ManCo and fund administrator. Allegro is licenced to provide ManCo and fund administration services to AIF, RAIF, non-AIF and UCITS funds. It has c. EUR8.7bn AuM, primarily in underlying investment strategies with a PE/RE focus.
Intertrust supports USD1.9bn fund launch for iCON Infrastructure in Guernsey
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…
IQ-EQ hires State Street’s Bruno Noyon as MD, France
IQ-EQ, the Luxembourg-based administrator, has appointed Bruno Noyon as managing director, France. He was previously COO for State Street’s global services business in France, having joined the bank in 2004 following State Street’s lift-out of AXA’s local back office. Last year IQ-EQ acquired Peru & Partners, a Paris-based fund administrator focused on the private equity…
Washington Capital appoints U.S. Bank to administer new feeder funds
Washington Capital has appointed U.S. Bank to provide custody, fund administration and fund accounting services to newly formed feeder funds that will invest into a select group of third-party fund managers. In addition, Seattle-based Washington Capital will continue its relationship with U.S. Bank to service its RIA clients. Washington Capital is an investment advisor with…
BNP Paribas partners with BlackRock’s Aladdin for E2E solution
BNP Paribas has entered into an alliance with BlackRock Solutions to offer an integrated, front-to-back investment management solution via Aladdin Provider. The alliance combines BP2S’s middle office, fund administration and custody services with Aladdin’s investment management infrastructure. The model is already live with BNP Paribas Asset Management, a mutual client.
State Street forms alliance with Virtus for CDO/CLO processing
State Street has formed an alliance with Virtus from FIS to provide collateralized loan obligation (CLO) and collateralized debt obligation (CDO) technology management solutions to clients in the United States and Europe. Through this alliance, State Street will leverage Virtus’ business process-as-a-service solution to provide services jointly to CLO and CDO clients. Virtus will deliver…