ZEDRA, the Switzerland-headquartered fund and corporate solutions provider, has signed a sales and purchase agreement to acquire Atlas Fund Services, a privately held fund administrator. The deal is subject to regulatory approval by the Centrale Bank of Curaçao and Sint Maarten. Founded in 2006, Atlas Fund Services provides alternative investment fund services to U.S.-based investment…
Month: April 2022
JTC rolls out vCSO platform
JTC Americas, a subsidiary of the C.I.-based JTC group, has launched a virtual Chief Sustainability Officer (vCSO) platform to help fund managers, corporations and family offices meet their ESG regulatory and reporting obligations. vCSO is comprised of three core elements: ESG Strategy: develops, defines and documents customised ESG strategies built around industry best practices and…
State Street appoints global head of asset owners
State Street has confirmed the appointment of Jessica Donohue as global head of its asset owner segment business. Donohue assumes this leadership role following her most recent position leading the global clients division, where she was responsible for relationship management of the firm’s largest and most complex global clients. She will report to Francisco Aristeguieta,…
CNP appoints SGSS for IM calculation
CNP Assurances, the French insurance company, has appointed Société Générale Securities Services to manage EMIR Initial Margin for complex derivatives. SGSS developed a middle office IM calculation service to meet CNP Assurances’ operational workflow requirements. For more than 15 years, SGSS has provided independent valuation of CNP Assurances’ structured products’ collateral management, as well as…
Suntera buys Socium
Suntera Global, the C.I.-based administrator, has acquired U.S. business Socium Funds Services. The acquisition of Socium, which requires no regulatory approval and completes with immediate effect, will strengthen Suntera Global’s offering for fund managers and provide the group with a U.S. operation for the first time, adding three North American locations to its international footprint.…
SS&C selects Sustainalytics for ESG data
SS&C will integrate Sustainalytics’ ESG data into SS&C Advent platforms to power portfolio management and analytics workflows for its global client base. Morningstar Sustainalytics is a provider of ESG research, ratings and data.
Accelerate taps Tetra for digital custody
Accelerate Financial Technologies Inc. has selected Tetra Trust Company as custodian for its digital assets. Initially, the Accelerate NFT Fund LP, the first Web3 investment vehicle in Canada, will deploy Tetra’s custody solution which enables clients to store and settle their digital assets within a secure environment. Calgary-based Accelerate is one of Canada’s fastest growing…
Ultimus teams up with FundGuard for contingent NAV solution
Ultimus Fund Solutions is to offer its investment manager clients an enhanced contingent NAV solution utilising FundGuard’s platform. The FundGuard solution allows Ultimus to offer clients additional services to calculate real-time contingent NAVs for their registered funds. Clients can also use the solution for shadow NAV monitoring as an oversight to the normal daily NAV…
Opsmatix hires industry veteran as CEO
Opsmatix, a fintech providing AI-powered unstructured communications management solutions, has appointed New York-based finance and technology executive Dan Kramer as CEO. He replaces Justin Forrest, who is now the global COO of the company. Kramer has held senior roles at BNY Mellon, J.P. Morgan, Deutsche Bank, Merrill Lynch, and Morgan Stanley. Most recently he was…
IQ-EQ hires new chief risk officer
IQ-EQ has appointed Sally Alayarian as group chief risk officer. She joins after spending six years as global director risk management & internal audit for TMF Group. Alayarian will be based in the Netherlands and will join IQ-EQ’s group management team.