Maples Group, the Cayman-based professional services provider, has appointed Kieran Fox as director, business development for its fund services business in Europe. Most recently, Fox served as the director of business development for Irish Funds, the representative body for the international fund and asset management community in Ireland. He will be based in Dublin.
Month: October 2022
Ultimus hires from Citco
Jeffrey Rosen has joined Ultimus LeverPoint Private Fund Solutions, based in New York. He was previously at Citco for more than eight years.
REAG selects Multifonds
REAG Investimentos, the second-largest independent fund administrator in Brazil, has selected Temenos Multifonds to replace its existing investment operations platforms. With >350 funds under administration, worth BRL76bn (USD14.4bn), REAG offers solutions and services aimed at investors and high-net-worth families, as well as businesses looking to buy, sell, or go public. REAG selected Temenos Multifonds to…
LB-P AM appoints EFA
European Fund Administration has been appointed by LB-P Asset Management to provide administration and accounting services for its Euro Immo Scope and Exibail funds. Euro Immo Scope is a UCITS that invests in shares of companies operating in the real estate sector. Exibail is an OPPCI whose investment strategy aims to build up a portfolio…
A10 deploys Precision LM
A10 Capital has selected SS&C’s Precision LM to support its USD2.4bn loan servicing portfolio, comprised primarily of real estate loans. A10 has adopted Precision LM as its direct lending, loan servicing and asset management platform.
Saphyre moves into securities lending
Saphyre, the fintech that provides an AI-driven pre-trade and post-trade platform, is moving into the securities lending space. The company’s interoperable onboarding platform aims to help lenders and borrowers to remove the bottlenecks created by legacy systems. Saphyre says that, by automating the onboarding process, institutions can reduce the potential for errors, increase the speed…
Citi to service Sanlam Private Wealth
Citi has been appointed by Sanlam Private Wealth, a South Africa-based wealth manager, for a range of services, including execution, cash and custody for Sanlam Private Wealth’s non-domestic client securities. The appointment forms part of a transformation of Sanlam Private Wealth’s business model, which includes a new investment platform and the outsourcing of trading and…
First Manhattan launches active ETF
First Manhattan Co. appointed Ultimus Fund Solutions to assist the firm in launching its first actively managed ETF. First Manhattan is an independently owned and operated investment advisory firm currently managing >USD20bn. The firm recently launched the FMC Excelsior Focus Equity ETF (FMCX), which utilises Precidian Investments’ proprietary actively managed ETF structure, ActiveShares.
Aztec supports EUR9bn fund launch
Aztec Group, the C.I.-based administrator, has supported the launch of the EUR9bn (USD8.8bn) Nordic Capital Fund XI. Aztec has also been appointed to provide ongoing administration, financial reporting, depositary and investor services to the fund from its Jersey and Luxembourg offices, extending its relationship with Nordic Capital which dates back to 2013. Fund XI marks…
CSC closes in on Intertrust
CSC and Intertrust have obtained all regulatory clearances in respect of the offer by CSC to acquire Intertrust. As a result, the offer condition with respect to the regulatory clearances has been satisfied. The offer period will end on 31 October 2022, and CSC and Intertrust recommend all shareholders to tender their shares before that…