Petra Funds Group, a U.S.-based independent private funds administrator with >USD40bn AuA, has opened a London office, which will be led by former Riverstone European general counsel and head of ESG, Charlie Chipchase. He will focus on expanding Petra’s European footprint. Petra has also hired Louis Sweeney as its director of compliance. Prior to joining…
Month: July 2022
Crestbridge supports UK venture debt fund launch
Crestbridge, the C.I.-based administrator, has provided administration services through its UK operation to support the recent first close of Shard Credit Partners‘ inaugural technology-focused venture debt fund. The Venture Debt Fund I secured GBP16.5m (USD19.7m) in commitments from UK and European institutional investors, alongside UK technology industry entrepreneurs, and will make investments in senior secured…
CACEIS creates Digital Assets Factory
Following its decision to develop its digital asset servicing business with Taurus, CACEIS has created a Digital Assets Factory, which brings together all business lines – custody, investment management services, 3D (digital, data, dissemination), and support functions, product development, compliance, legal and public affairs. A first MVP (minimum viable product) for custody is currently being…
McGettigan joins BNY Mellon in Ireland
Dan McGettigan has joined BNY Mellon in Ireland as director, relationship management. He previously spent 14 years at State Street, most recently as a client relationship manager.
Skeels joins SS&C
Justin Skeels has joined SS&C as director of business development, based in Boston. He joins from BNY Mellon, where he spent nearly five years.
AdvancedAIS adds new Titan user
Advanced Alternative Investment Systems, a Canada-based platform provider for hedge funds, fund administrators, private equity and other investment firms, has signed Borderless Capital as a client using its Titan platform. Borderless Capital is a blockchain VC firm.
Equity Trustees signs tech deal with TrustQuay
TrustQuay, the UK-based technology provider to the corporate services, trust and fund administration markets, has signed a technology agreement with Equity Trustees, the Australian independent trustee company. Under the deal, Equity Trustees will centralise its trustee and wealth services (TWS) business – which includes charitable and community trusts, and executor and trustee services for individuals…
BP2S selects Fireblocks & METACO to develop digital asset custody capabilities
BNP Paribas Securities Services has selected two fintechs – Fireblocks and METACO – to develop its digital asset custody offering and help clients issue, transfer and safekeep regulated digital assets. BP2S has selected Fireblocks as its hot wallet, tokenisation, and connectivity infrastructure layer. As a first step, BP2S will use Fireblocks’ solution in its ongoing…
Border to Coast appoints Northern Trust for RE business
Border to Coast Pensions Partnership has selected Northern Trust as its third-party administrator and depositary to support its future real estate investment management capabilities. Northern Trust will deliver fund accounting, custody services and investment operations support for the real estate capability, alongside depositary services. The new real estate business will see two global indirect property…
BNY Mellon and Goldman Sachs settle first HQLAᵡ agency securities lending trades
BNY Mellon and Goldman Sachs have successfully completed the industry’s first agency securities lending transactions using the HQLAᵡ distributed ledger technology (DLT) platform. As part of the combined series of 35-day term transactions, HQLAᵡ created ISIN-level securities trackers called digital collateral records (DCRs) from loaned securities it received from BNY Mellon, giving Goldman Sachs a…