Crestbridge, the C.I.-based provider of private equity and real estate administration services, has opened an office in Ireland and has hired Andrea Lennon as head of funds, Ireland. Lennon joins from FundRock. Crestbridge is already authorised to provide corporate services in Ireland and aims to provide fund administration services shortly, subject to regulatory approval from…
Month: March 2021
PayPal agrees to acquire Curv
PayPal has agreed to acquire Curv to accelerate and expand its initiatives to support cryptocurrencies and digital assets. Curv is a provider of cloud-based infrastructure for digital asset custody and security, with headquarters in New York and an R&D centre in Israel. In 2020 Curv collaborated with BNP Paribas Securities Services on a proof of…
Northern Trust to offer operational risk consulting
Northern Trust now offers operational risk consulting (ORC) as part of its front office solutions business. ORC provides management consulting with a focus on investment operations, including advice on operating model enhancements and risks, technology and system evaluations, vendor and service provider assessments, and operational process gap analysis. Vincent Molino, head of operational risk management…
State Street adds risk analytics to ESG solutions suite
State Street has launched an enhancement to its ESG solutions product suite. ESG Risk Analytics provides clients with the ability to address new global regulatory reporting requirements. Through a single platform, this data coverage brings clients the ability to cover most Principle Adverse Impact (PAI) disclosure requirements. ESG Risk Analytics is designed to provide risk…
PPS Investments selects SS&C’s Sylvan performance platform
PPS Investments, a subsidiary of the Professional Provident Society in South Africa, has chosen SS&C’s Sylvan platform for global performance measurement and attribution . The platform will support USD2.74bn AuM across PPS Investments’ business.
HSBC launches FX HEAT to analyse FX hedging effectiveness
HSBC has launched FX HEAT, a tool for asset managers and institutional investors to independently analyse the effectiveness of their currency hedging strategies. Users can access independent reports on an automated basis to enhance the governance and oversight of their FX hedging. HSBC’s FX services team worked in collaboration with an independent quantitative specialist to…
HSBC wins Cadent Gas Pension Scheme custody mandate
HSBC in the UK has extended its long-term partnership with the National Grid UK Pension Scheme and has also been appointed by Cadent Gas Pension Scheme for the provision of a range of back-office services, including global custody and fund accounting, performance measurement, private equity administration and securities lending.
Aztec supports EUR800m Norvestor PE fund
Aztec Group has supported Norvestor with the fundraising activities and the EUR800m final close of its latest fund, Norvestor VIII. Norvestor is a Nordic private equity firm. Aztec will provide ongoing administration and accounting services from its Guernsey and Luxembourg offices.
Ocorian acquires Guernsey-based Platinum Compliance
Ocorian, the C.I.-based administrator, has acquired Platinum Compliance, a Guernsey-based compliance consultancy.
Burgiss hires Ben Cluny as EMEA head of client coverage
Burgiss, the provider of data, analytics and technology solutions for private capital investors, has hired Ben Cluny as head of client coverage for EMEA. He was previously head of sales for EMEA and head of Asian operations at Preqin. Based in London, he will report to Jay McNamara, president of Burgiss.