Citco has appointed Elaine Furnari as head of loan servicing at Citco Fund Services (USA) Inc. She will manage the expansion of Citco’s loan servicing offering and joins after nine years as senior vice president and head of commercial loan support at HSBC.
Year: 2020
Joe Greenwell joins Aztec for UK business development
Aztec Group, the C.I.-based administrator, has appointed Joe Greenwell as associate director of business development in the UK. He will be responsible for identifying and developing business opportunities in both the real assets and private debt sectors. Greenwell has more than 10 years’ experience supporting private debt, infrastructure, real estate and private equity clients. He…
J.P. Morgan takes stake in Arcesium
J.P. Morgan has taken a stake in Arcesium, the U.S.-based investment management technology and professional services firm. The investment deepens Arcesium’s strategic partnership with J.P. Morgan, including its securities services business, which already uses Arcesium’s technology for some parts of its alternative fund servicing operation. Terms of the investment were not disclosed.
State Street partners with iCapital Network for alts distribution
State Street has entered into a new partnership with iCapital Network, the financial technology platform specialising in alternative investment. The collaboration will combine State Street’s registered transfer agency and private market fund administration capabilities with iCapital’s platform technology and distribution network to enhance the offering and servicing of U.S. registered funds. With high net worth…
CANDRIAM to move from RBC to CACEIS
CACEIS has finally confirmed that CANDRIAM, the French asset manager, will migrate asset servicing activities (custody, fund administration, transfer agency) for its Luxembourg and French funds from RBC I&TS to CACEIS. The migration will start at the end of March 2020, following approval by the competent regulatory authorities. It will take place in three waves…
U.S. Bank to administer USD1.9bn mutual fund family for Wilshire
Wilshire Associates has appointed U.S. Bank to provide custody, fund administration and transfer agency services for its family of nine mutual funds with USD1.9bn in assets. U.S.-based Wilshire will continue its relationship with U.S. Bank to service alternative investments, as well as U.S. Bancorp Asset Management for securities lending and overnight investment of cash balances.
NES Financial to administer OZ fund for Hatteras Sky
NES Financial, the Silicon Valley-based administrator, has been appointed to administer a Salt Lake Opportunity Zone Fund for Hatteras Sky, a commercial real estate development firm.
SGSS appoints Roberto Pecora as CEO for Italy
SGSS has appointed Roberto Pecora as CEO for Italy. He replaces Frédéric Barroyer, who is moving to another part of the bank. Pecora moves from his role as head of the bank’s global markets business in Italy. He will report to David Abitbol, global head of SGSS, and Alessandro Gumier, head of global banking &…
Segall Bryant & Hamill switches USD2.5bn mutual fund assets to Ultimus
Ultimus has been appointed as the mutual fund administration service provider for Segall Bryant & Hamill, an independent investment firm based in Chicago. SBH appointed Ultimus to convert the firm’s 17 mutual funds with over USD2.5bn AuM, and to provide services including financial accounting, fund administration, transfer agency, compliance, and distribution. SBH offers fee-based investment…
IQ-EQ hires John Legrand to head UK & Ireland
IQ-EQ, the Luxembourg-based administrator, has appointed John Legrand as managing director of UK and Ireland. He joins from eFront, the BlackRock-owned alternative investment software provider, where he was managing director for Asia Pacific. Before that, he spent 10 years with BNY Mellon in Singapore and London.