MJ Hudson, the UK-based consultancy, has acquired Clarus Risk, a fintech firm specialising in regulatory risk and risk reporting automation. Clarus will now trade as MJ Hudson Quantitative Solutions.
Month: June 2021
Sarj Panesar joins Sanne to head UK business development
Sanne, the UK-listed alternative asset administrator, has appointed Sarbjit (Sarj) Panesar as head of UK business development. Based in Sanne’s London office, Panesar joins from Société Générale Securities Services, where he was most recently in charge of business development for the asset management and insurance sectors.
CACEIS wins French PA mandate
CACEIS has been selected to provide asset services for the funds of Épopée Gestion, a French fund manager specialising in private equity and real estate investment. The mandate covers custody, transfer agency, middle office and fund administration services.
HSBC adds two senior bus dev execs to asset manager team
HSBC’s securities services business has made two senior appointments in its asset manager sector. Mark Low is appointed client executive – asset managers, Europe, reporting to Michelle Butler, head of business development & client management – Europe, asset owners & managers. He joins from RBC where he spent eight years, predominantly responsible for the asset…
ERShares transfers mutual funds & ETFs to Ultimus
Ultimus Fund Solutions, a U.S.-based provider of fund administration, accounting, and investor solutions, has been selected by U.S.-based ERShares to provide administration services for three mutual funds and two ETFs. Ultimus is providing fund administration, fund accounting, distribution and transfer agency services for the mutual funds and ETFs, which transitioned to Ultimus in Q4 2020…
Wyoming Deposit & Transfer licensed to provide digital custody
Wyoming Deposit & Transfer Corporation has been granted a new bank charter by the Wyoming Division of Banking under the regulatory framework of a Special Purpose Depository Institution. The charter will enable WDT to provide commercial banking, together with custodial services, for a wide range of tokenized assets and digital and fiat currencies, meeting the…
True Potential appoints HSBC as administrator
HSBC has been appointed as third-party administrator by True Potential LLP for all of the 34 UK-authorised funds offered on the firm’s in-house platform, which has GBP17bn AuM. The new mandate will see HSBC provide depositary, global custody, fund accounting and transfer agency services to these funds.
State Street to deploy Canoe’s ML technology for private markets
State Street plans to implement a cloud-based, machine learning technology to transform private markets processing and document management. Through State Street’s partnership with Canoe Intelligence, allocators and managers in the private markets sector will have an integrated experience where traditionally onerous and manual alternative investment workflows will be automated and streamlined, reducing processing time and…
Apex acquires Senasen
Apex has acquired Senasen Group Ltd., a digital marketing platform provider designed to connect LPs and GPs and support the capital raising process. Founded by Blair McPherson and created by Ben Slater, both of whom will join Apex as part of the deal, Senasen’s proprietary SaaS platform will benefit clients through delivering a self-service offering…
Ross Thomson joins Crestbridge as head of Lux fund services
Crestbridge, the C.I.-based provider of private equity and real estate administration services, has appointed Ross Thomson as head of funds services in Luxembourg. Prior to joining Crestbridge, he was COO for Carne Global Fund Managers Luxembourg, where he was responsible for the ManCo and AIFM operations.