Apex has been appointed to provide fund administration services to Midtown Capital Partners LLC, a U.S.-based real estate investment firm focused on acquiring properties in the office, retail, industrial, and multifamily markets. Midtown has executed more than USD500m in acquisitions in the past five years, with a current portfolio valued at USD800m.
Year: 2021
Sanne appoints new head of Ireland
Sanne, the UK-listed provider of alternative asset and corporate business services that is in the process of being taken over by Apex, has appointed Graeme Rate as head of Ireland. He joined Sanne in 2016 to lead the South Africa and Malta businesses, and will relocate to Dublin.
BP2S upgrades FX services in APAC
An automated FX solution implemented by BNP Paribas Securities Services for Northcape Capital, an Australian fund manager, provides a new way for asset managers to manage FX transactions involving multiple financial services providers. BP2S was appointed by Northcape Capital to manage the FX execution of a range of developed market currencies across its portfolio of…
Northern Trust hires in Switzerland
Northern Trust has appointed Neda Derlokova as a business development manager in Switzerland. This follows Northern Trust’s regulatory approval earlier this year to offer local custodian, depositary, transfer agency and ancillary services to institutional investors and managers in the Swiss market. Derlokova joins from CACEIS.
Apex closes Mainstream deal
Apex Group has completed the acquisition of Mainstream Group Holdings Limited, following approvals from Mainstream’s shareholders, the Federal Court of Australia and regulators. Mainstream, an Australia-based administrator with more than 360 employees across Australia, Singapore, Hong Kong, U.S., Isle of Man, Malta, Ireland and the Cayman Islands, services 1,400 funds with AuA of >AUD295bn (USD222bn).
Broadridge launches proxy service in Switzerland
Broadridge Financial Solutions has launched its “golden copy” event sourcing and proxy vote execution service for custodians and local agents in Switzerland. The Swiss service is the latest addition to Broadridge’s sub-custody Direct Market Solutions product suite that connects investors and issuers.
Ocorian appoints new COO
Ocorian, the C.I.-based administrator, has appointed Carole Murphy as chief operating officer. She will lead global IT and operations functions. Based in the UK, she reports to Ocorian’s CEO and chairman, Frederik van Tuyll. She joins from Capgemini, where she was head of business transformation services and head of the finance and accounting practice.
U.S. Bank links ETF clients to ICE ETF Hub
U.S. Bank is to offer its clients access to Intercontinental Exchange’s ICE ETF Hub, which provides electronic access to the ETF primary market. ICE ETF Hub, which recently surpassed USD1trn in notional create/redeem orders, is an industry-wide, open architecture technology solution, offering a standardised and simplified process for the creation and redemption of ETF shares.…
Universal-Investment hires head of new London office
Universal-Investment, the Germany-based ManCo and fund services provider, has appointed Julian Mayo to run its newly opened London branch. Mayo joins from Charlemagne Capital/Fiera Capital, where he was co-CIO/chief strategist. The London branch will join the group’s existing network of hubs in Germany, Luxembourg and Ireland. The acquisition by Universal-Investment of the Irish fund management…
SEI acquires Finomial
SEI has confirmed the acquisition of Finomial, an investor lifecycle management firm offering cloud-native financial technology. The technology is expected to be added to SEI’s existing investor-focused platforms to further enhance automation and digitisation capabilities, as well as reporting and transparency. Meredith Moss, Finomial founder and CEO, joins SEI, along with a total of 42…