Mainstream Group, the ASX-listed administrator which has been the subject of takeover offers from both Vistra and SS&C, has received an unsolicited offer from Apex Group, and has advised SS&C that it has until May 6 to match the Apex bid or offer more favourable terms.
Year: 2021
Northern Trust launches Omnium Event Manager
Northern Trust has launched Omnium Event Manager, a web-based workflow tool designed to provide asset managers and asset owners with a consolidated view of corporate action and dividend events affecting fund portfolios, enabling them to coordinate with brokers and custodians to respond effectively to the voluntary events. The Event Manager platform leverages global Omnium services…
Aztec hires Ore Adegbotolu to head UK sales team
Aztec, the C.I.-based administrator, has hired Ore Adegbotolu as business development director, based in its London office. He assumes responsibility for the business development team in the UK, as well as leading the wider business development strategy for corporate services, private debt and real assets. He joins Aztec after more than a decade’s experience with…
BNP Paribas opens sub-custody business in Chile
BNP Paribas has established a sub-custody business in Chile, adding to existing Latin American operations in Brazil, Colombia and Peru. As part of the deal, BNP Paribas has become a direct participant in Chile’s central securities depository, Depósito Central de Valores. BNP Paribas’ proprietary network has now expanded to 27 markets.
Ultimus hires Frank Anduiza to head private fund sales
Ultimus Fund Solutions, an independent provider of fund administration, accounting, and investor solutions, has hired Frank Anduiza as head of private fund sales for Ultimus LeverPoint, the firm’s private fund administration services business. Anduiza joins from BNY Mellon, where he was head of U.S. business development for the alternative investment management sector.
Hillman moves USD176m value fund to SS&C ALPS Series Trust
Hillman Capital Management, a U.S.-based equity manager, has transitioned its Hillman Value Fund (HCMAX) to SS&C ALPS Series Trust. SS&C ALPS Registered Fund Services will administer the USD176m fund. The SS&C ALPS Series Trust platform provides a front-to-back solution for asset managers and fund issuers. The turn-key service model includes compliance, creative Web services, distribution…
Intertrust appoints Aileen Gillan as CRO
Intertrust Group has appointed Aileen Gillan as chief risk officer. Based in London, she reports to Shankar Iyer, CEO. Gillan was chief risk officer at Metro Bank.
Banque de France completes digital currency test
In partnership with the European Investment Bank and Société Générale – FORGE, Banque de France has completed an experiment on the use of a central bank digital currency (CBDC) for settling digital bonds issued by the EIB through blockchain. The experiment consisted of the subscription to EIB-issued digital bonds by investors, for a total amount…
Northern Trust to administer new USD9bn Coller Capital PE fund
Coller Capital, a UK-based investor in the private equity secondary market, has launched a USD9bn fund, Coller International Partners VIII. Investor support came from over 200 of the world’s leading institutional investors. Northern Trust, which has a 25-year relationship with Coller Capital, has been appointed to provide fund administration, banking and depositary services for the…
HWM acquires KOGER
HWM Group, a Dublin-based investor services and regulatory solutions provider to alternative and retail fund administrators, has acquired the assets of KOGER, Inc., a U.S.-based fintech. Lovell Minnick Partners, LLC, a private equity firm focused on investments in financial services, fintech and related business services, funded the KOGER asset acquisition and has taken a majority…