WisdomTree, the U.S.-based ETP specialist with USD75bn AuM, has appointed U.S. Bank as service provider for its proposed Bitcoin Trust ETF, which is currently under review by the SEC.
Month: December 2021
JTC acquires EFS
JTC, the C.I.-based-based professional services business, has acquired New York-headquartered Essential Fund Services. EFS provides services in the alternative assets space, including accounting, reporting and administration to investment partnerships and their investment managers. The acquisition of EFS follows JTC’s recent purchase of SALI Fund Services, and the 2020 acquisition of NES. EFS provides services to…
Oak promotes three seniors
Oak Group, the C.I.-based administrator, has made three senior management promotions. Catherine Pigeon, Oak’s group chief risk & compliance officer, has been appointed to the board of directors. Nicola Gott becomes chief commercial officer, responsible for the sales and marketing strategy across the group. John Doublard is promoted to chief technology officer. Oak’s technology team…
Deutsche Börse completes deal with Crypto Finance
Deutsche Börse has completed its acquisition of a majority stake in Crypto Finance, a FINMA-regulated provider of trading, custody, and investment services for digital assets. Jan Brzezek, CEO and co-founder of Crypto Finance, and the current management team will continue to lead Crypto Finance and retain a significant stake in the company. Crypto Finance will…
JTC wins new OZ fund mandate
JTC Americas (formerly NES Financial) has been appointed to provide fund administration services for Eagle OZ Fund II, an Opportunity Zone fund that will provide capital for a multi-family land development project in Chicago.
Apex wins LatAm mandate
Apex has been appointed by Compass Group LLC, an independent Latin American asset manager, for fund administration, depositary, and corporate services. Founded in New York in 1995, Compass Group has a team of more than 300 professionals located in nine different offices across Latin America, managing, advising, and providing distribution services for >USD41bn AuM.
Sandie O’Connor joins BNY Mellon’s board
BNY Mellon’s board of directors has elected Sandie O’Connor as an independent director. With the addition of O’Connor, the board will have 13 directors, 12 of whom are independent. O’Connor retired as the chief regulatory affairs officer for JPMorgan Chase, where she set the firm’s regulatory strategy and led engagement with G-20 policymakers. Prior to…
Vistra launches investor servicing portal
Vistra, the Singapore-based administrator, has launched a new investor servicing portal, VFunds 2.0, which is powered by Eleven, a fintech provider. The launch includes the migration of Vistra’s entire U.S. business to VFunds 2.0. Vistra is now rolling out VFunds 2.0 to clients around the world. The rollout of VFunds 2.0 focuses on Eleven’s document…
RBC hires new head of client operations
RBC Investor & Treasury Services has hired Paul Burd as managing director, global head of client operations. Burd will be based in Luxembourg, reporting to Francis Jackson, head of RBC I&TS. Most recently, Burd was the COO of Six Digital Exchange. Prior to joining SDX, Burd held a variety of roles at HSBC, Goldman Sachs,…
Sanne hires U.S. bus dev director
Sanne has hired Jim Costello as director, business development for the U.S. He was previously at Financial Recovery Technologies and has also worked at SS&C.