Apex Group plans to acquire MMC, a New Zealand-based provider of investment administration services. The transaction is subject to customary conditions, including regulatory approvals expected to be granted in early 2022. MMC has provided full outsourced investment administration services to the New Zealand investment management community since 2005. During this time, MMC has grown to…
Month: January 2022
Citi China links to BSE
Citi China has established a clearing and settlement solution with China Securities Depository and Clearing Corp. Ltd. (CSDCC) Beijing Branch to support clearing and settlement activities for the new Beijing Stock Exchange and the National Equities Exchange and Quotation Co., Ltd (NEEQ). This makes Citi one of the first international banks to do so for…
AssetMetrix hires in Lux
AssetMetrix, the Germany-based alternatives specialist in which BNP Paribas has a strategic stake, has hired Margot Ripoll as a business development associate in Luxembourg. She previously worked as a credit analyst at investment bank Bpifrance.
Waystone to buy UK ACD provider
Waystone, a provider of specialist services to the asset management sector, has entered into an agreement with T. Bailey Holdings Limited to acquire T. Bailey Fund Services (TBFS), which will strengthen its presence in the UK Authorised Corporate Director (ACD) market. TBFS is an independent, fully-hosted ACD and fund administration service provider to the UK…
LemonEdge wins new mandate
Kensington Capital Partners, a Canadian manager with CAD2.3bn AuM (USD1.8bn), has hired LemonEdge, a UK-based provider, to provide front-to-back accounting and reporting services. The API and low-code accounting platform will power the firm’s PE, VC, and fund of fund structures, alongside an investor portal.
EFA wins new FCP mandate
EFA, the Luxembourg-based administrator, has been appointed by Horae Technology, a France-based manager, for administration and accounting for its new Horae Opportunities FCP.
Ultimus hires for PE sales
Ultimus LeverPoint Private Fund Solutions has hired John Lumley as an SVP responsible for new business across the alternative investment practice, with a focus on private equity administration. He joins from J.P. Morgan.
Ocorian opens NY office
Ocorian, the C.I.-based administrator, has opened an office in New York. In 2021 Ocorian acquired Philadelphia-based analytical firm, Emphasys Technologies, which marked its entry into the U.S.
Swiss market tests CBDC integration
The Bank for International Settlements (BIS), the Swiss National Bank (SNB), and SIX, Switzerland’s main provider of financial infrastructure services, have concluded the second phase of Project Helvetia, which looks toward a future with more tokenised financial assets based on distributed ledger technology coexisting with today’s systems. SNB and five commercial banks – Citi, Credit…
Why Diversity Isn’t Always All-Inclusive – Stephen Doyle has a powerful message for proponents of Diversity, Equity & Inclusion
“The good news is that you didn’t have a stroke. The bad news is it looks like you might have Parkinson’s Disease.” These were the words uttered by my neurologist almost five years ago. Since that day (which is forever etched in my memory), I have learnt that my neurologist was correct. I did in…