Sanne, the C.I.-based alternatives administrator, has agreed to acquire Inbhear Fund Services and Inbhear Management Services for an upfront consideration of EUR6.6m (USD7.2m), and an earn-out over the next three years capped at EUR7.8m (USD8.6m). Inbhear is a Dublin-based fund administrator with a presence in Cayman.
Year: 2020
HSS appointed as global custodian for China’s Tianhong AM
HSBC Securities Services has been appointed as global custodian for the qualified domestic institutional investor (QDII) fund launched by Tianhong Asset Management Company, one of the largest asset management companies in China. The QDII fund is China’s first dedicated mutual fund providing access for Chinese domestic investors to the Vietnamese capital market.
IQ-EQ hires Bram Eijsbouts as Lux head of bus dev
IQ-EQ has appointed Bram Eijsbouts as head of business development for Luxembourg, a newly created position. He will report directly to Fèmy Mouftaou, IQ-EQ Luxembourg’s chief commercial director. Eijsbouts previously spent 10 years at Intertrust, which recently lost a team of five Luxembourg senior managers who moved to TMF.
Northern Trust deploys IHS Markit’s technology for syndicated bank loans
Northern Trust has automated processing of the full trade settlement lifecycle for syndicated bank loans through integration with IHS Markit’s ClearPar Custodian Services Messaging capability. Designed to deliver trade data in a standardised format via secured communications, this service increases scalability and efficiency while reducing the risks inherent in a manual trade settlement process. The…
HSBC settles first interest swap trade in China by foreign institutional investor
HSBC in China has facilitated the first interest rate swap trade by an overseas institutional investor through the central counterparty clearing model in the China interbank market. This new channel allows HSBC’s international clients to tap into the world’s second largest bond market while also adding to their risk mitigation capabilities. HSBC acted as the…
Centaur secures equity investment from FTV Capital
Centaur Fund Services, the Dublin-based provider of administration and regulatory services for the alternative investment fund industry, has secured an equity investment from FTV Capital, a U.S.-based private equity firm. Ronan Daly, Karen Malone and Eric Bertrand, Centaur’s founders, will continue their leadership roles and remain significant shareholders in the company. As part of the…
Aztec to service Luxgrove’s Jersey real estate fund
Aztec Group, the C.I.-based administrator, been selected to provide administration services to Luxgrove Capital Partners, a UK-based real estate investment manager. Aztec will provide a range of administration, accounting and governance services to Luxgrove’s Residential Value Add Fund, which is incorporated as a Jersey private fund.
BNY Mellon shakes up asset servicing management team
BNY Mellon has announced a major reorganisation of its asset servicing senior management team. Hani Kablawi, previously CEO of asset servicing, will become head of international, which includes the bank’s regional management teams across EMEA, APAC and LATAM. In addition, he will remain chairman of EMEA, and will retain oversight of client coverage for asset…
HSS hires Frederic Van Ingelgom for bus dev role in Lux
HSBC Securities Services has hired Frederic Van Ingelgom as head of business development & client management for asset owners & managers in Luxembourg. He will report to Paul Heffernan, head of business development & client management, asset manager sector, HSS Europe, and Niccolo Polli, chief executive officer, HSBC Luxembourg. He joins from BBH where he…
Intertrust acquires Round Hill’s legal, corporate & acctg services team
Intertrust, the Netherlands-based provider of corporate and fund solutions, has signed a strategic agreement with Round Hill Capital, a UK-based real estate investment, development and asset management firm. The deal sees Intertrust acquire the legal, corporate and accounting services team of a subsidiary of the global firm. Whilst continuing to provide dedicated ongoing support to…