Aztec Group, the C.I.-based administrator with EUR440bn AuA (USD500bn), has appointed Fenergo, a provider of digital solutions for client lifecycle management, to deploy its cloud-native, SaaS solution to transform the client and investor lifecycle. Aztec will implement the solution across its offices in the Channel Islands, Europe and the U.S. to digitise and streamline onboarding…
Year: 2021
Great Lakes appoints president
Rob McLamore has been appointed president and CCO of Great Lakes Fund Solutions, a U.S.-based fund services provider. He was previously COO.
Northern Trust supports Castelnau
Northern Trust and Carey Olsen, the specialist offshore law firm, have supported Castelnau Group Limited with its IPO on the London Stock Exchange. The Guernsey-domiciled investment company, managed by Phoenix Asset Management, was recently launched on the LSE following a GBP178m (USD245m) IPO. Castelnau is focused on investing in both public and private companies with…
HedgeServ partners with AccessFintech
HedgeServ, the U.S.-based fund administrator with USD450bn AuA, has partnered with Israel-based AccessFintech, the fintech company behind Synergy, the data and workflow collaboration network. HedgeServ will use real-time settlement data to deliver further efficiencies in preventing and resolving settlement fails. The solution combines HedgeServ’s middle and back-office platforms and data with Synergy’s cloud-based data collaboration…
State Street partners with Cassini to enhance optimisation
State Street has added pre-and post-trade optimisation and margin analytics capabilities to its Collateral+ service. In partnership with Cassini Systems, a provider of pre- and post-trade margin and collateral analytics for derivatives market participants, Collateral+ now offers an integrated, modular approach to optimisation, which addresses collateral efficiency from multiple angles. It Through Cassini’s technology, Collateral+…
Saltgate appoints first chief innovation officer
Saltgate, the C.I.-based fund administrator that has USD100bn AuA, has appointed Nadja Borges as its chief innovation officer, a newly created role. She reports to the group CEO, Simon Riley. Before joining, Borges worked for more than 10 years as a client to Saltgate, first at the private equity firms Akina and Unigestion, then at…
Franklin Templeton outsources TA
Franklin Templeton, the U.S.-based investment management firm that manages USD1.56trn in assets globally, has agreed with FIS, the U.S. based fintech, that FIS will assume operation of Franklin Templeton’s global TA function as a sub-agent or delegate, depending on the jurisdiction. All Franklin Templeton TA employees affected by this change will be given job opportunities.…
BP2S supports First Plus for VCC funds
BNP Paribas Securities Services has been selected by First Plus Asset Management to provide fund administration services for funds using Singapore’s variable capital company (VCC) structure. As part of the mandate, BP2S will provide First Plus with global custody, hedge fund administration and investor services for its Asia Opportunity Fund and Asia Special Situation Fund…
Crestbridge hires new head of UK funds
Crestbridge, the C.I.-based private markets administrator, has appointed Cheryl Bai as director, head of funds UK. She will lead the UK funds team and contribute to the development of Crestbridge’s UK private equity and real estate fund services proposition. She joins from SS&C GlobeOp.
Sanne hires new head of NA hedge
Sanne, the UK-listed provider of alternative asset and corporate business services, has appointed Adrian Bedoya as director, hedge – North America. He will lead Sanne’s hedge business and grow the product offering across North America. He joins from Virtus by FIS, where he was head of portfolio accounting.