Sunibel Corporate Services, a Mauritius-based administrator, has selected the PFS-PAXUS fund administration system for its third-party fund administration business operations. Pacific Fund Systems, the provider of PFS-PAXUS, services a client base with more than USD1tn of assets. Sunibel offers fund administration services to alternative funds, including fund accounting, investor services, compliance and tax services. PFS-PAXUS…
Month: June 2022
Temenos launches contingent NAV solution
Temenos, the Swiss-based provider of fund servicing software, has launched Multifonds Navigator, an NAV oversight and contingency solution for asset managers who outsource their fund accounting operations to third-party administrators. Multifonds Navigator provides an estimated NAV and IBOR valuation that is calculated across asset classes and multiple jurisdictions automatically. This allows asset managers to independently…
Secfi appoints SS&C
Secfi, a U.S.-based employee equity planning and financing platform, has appointed SS&C to provide administration and fund accounting for its fund. In addition, SS&C’s Precision LM and TNR Solution will facilitate access for private company shareholders and employees looking for financing or liquidity for their employee stock options. SS&C will support the financing of pre-IPO…
SDX appoints head of operations
SIX Digital Exchange has appointed Martin Vetsch as head of operations. He will join the SDX executive board. In his role, he will be responsible for client onboarding, client support and SDX’s day-to-day operations. He was previously at VP Bank.
Vistra granted PSD2 licence in the Netherlands
Vistra, a service provider to fund, corporate, capital markets, and private wealth clients, has been granted a European Payment Service Directive 2 (PSD2) licence by the Dutch Central Bank. This enables Vistra to offer escrow and settlement services globally from its Netherlands office. Vistra has USD395bn AuA.
Northern Trust appoints vice chairmen
Northern Trust has appointed two vice chairmen. Longtime Northern Trust leaders Dave Blowers, president of national services in wealth management, and Lyle Logan, managing director, financial institutions group, have been named as vice chairmen. Their responsibilities include key strategic initiatives and the development of select clients and prospects globally. Blowers continues to report to wealth…
New Switzerland country head for SGSS
Société Générale has appointed Isabelle Salomone as head of SGSS in Switzerland. Based in Zurich, she now reports to Anne Marion-Bouchacourt, group country head for Switzerland and MD of SG Zurich branch, and to Nathan Derhy, head of international coordination for SGSS. Salomone succeeds to David Cihla, who recently retired. Salomone was previously deputy head.
Gen II shakes up senior management team
Gen II Fund Services, LLC, thought to be the largest independent private capital fund administrator in the U.S., has shaken up its senior management team. Steven Millner becomes chief executive officer. Since co-founding Gen II in 2009, Millner has served as a managing principal and as a member of the firm’s executive committee. Gen II…
Apex to acquire in Malta
Apex plans to acquire ZASMalta, a specialist provider of regulatory compliance and risk management services. Malta-based ZAS provides regulatory compliance and risk management, reporting and internal audit services to USD20bn of assets across 50 clients. The acquisition will expand Apex’s presence in the Malta market where the group has been actively involved in the funds…
Suntera appoints MD of C.I.
Suntera Global, the UK-based provider, has appointed Dan Bisson as managing director of its operations in the Channel Islands. He will oversee operations in both Jersey and Guernsey, leading a 130-strong team delivering a range of private wealth, fund and corporate services. Prior to his new role, Bisson was the managing director of Nedgroup Trust,…