MJ Hudson, the UK-based asset management consultancy, has agreed to acquire Guernsey-based Saffery Champness Fund Services Limited (SCFS) from accountancy group Saffery Champness, subject to Guernsey FSC approval. SCFS has c. GBP400m AuA. Earlier this year MJ Hudson acquired Ireland-based Bridge Group, a super ManCo.
Year: 2021
Ocorian appoints new head of U.S. business development
Ocorian, the C.I.-based administrator, has appointed Marc van Rijckevorsel as head of business development for corporate and fund services in the U.S. Based in New York, he reports to Simon Behan, chief commercial officer. He was previously at Intertrust, where he was most recently responsible for business development and global client relationship management in the…
IQ-EQ to buy Davy Global Fund Management in Ireland
IQ-EQ, the Luxembourg-based administrator, is to acquire Davy Global Fund Management, part of Davy Group, one of Ireland’s largest domestic financial services businesses. The transaction, which is subject to regulatory approval, is expected to close by the end of 2021, following which DGFM will rebrand to IQ-EQ. Formed in 2014, DGFM employs 83 people: 68…
Equiom launches in Ireland
Equiom, the UK-based administrator, has launched Equiom Fund Solutions Ireland Limited, having announced its Irish-domiciled Super ManCo to service AIF and UCITS funds earlier this year.
State Street to acquire Mercatus
State Street has agreed to acquire U.S.-based Mercatus, Inc., a front-and-middle-office solutions and data management provider for private market managers. The transaction is expected to be completed in September, subject to customary closing conditions. Financial terms are not being disclosed. State Street intends to offer a fully integrated platform for growing private market segments including…
AXA IM consolidates UK UCITS fund range with HSBC
AXA Investment Managers has appointed HSBC as sole global custodian and depositary for its UK UCITS fund range, covering 36 funds and GBP12.6bn (USD17.1bn) AuM. The AXA IM UK UCITS range consists of AXA IM Framlington Equities active funds, AXA IM Rosenberg Equities quantitative investment funds, as well as funds from AXA IM’s fixed income,…
BP2S makes two senior offshore sales appointments
BNP Paribas Securities Services has made two business development appointments for its offshore business. Linda Lamri is appointed head of sales for Luxembourg. She joined BNP Paribas Securities Services in 2003 and was most recently head of relationship management for Luxembourg. She will report to Robert Van Kerkhoff, head of Luxembourg and Ireland. Joy Kiely…
CACEIS deploys Broadridge’s SRD II solutions
In response to new regulatory obligations under the updated Shareholder Rights Directive (SRD II), CACEIS in Germany has selected Broadridge to provide solutions for SRD II. CACEIS is using Broadridge’s enhanced global proxy voting platform for its German domestic and cross-border custody operations, The bank is also using Broadridge’s new shareholder disclosure hub, both in…
Marc Russell-Jones joins Broadridge
Marc Russell-Jones has joined Broadridge, the U.S.-based fintech firm, as head of asset management sales EMEA. He was previously head of sales for SEI’s wealth platform business, and has also worked at BNY Mellon, State Street, Northern Trust and J.P. Morgan.
TMF appoints new bus dev head for UK & Ireland
TMF Group, the Netherlands-based administrator, has appointed Yvette van Loon as the market head of business development in the UK and Ireland. She joined TMF Group in 2006, and will move to London from France later in the year. She will report to Pamela Valasuo, head of business development for the international region, with a…