Derek Russell has joined JTC in Luxembourg as a client director. He was previously at Intertrust, which is being acquired by CSC.
Month: November 2022
Orchard Street appoints Langham Hall
Orchard Street Investment Management, a UK-focused commercial property investment manager, has launched its inaugural impact fund, Orchard Street Social and Environmental Impact Partnership. The fund is targeting commitments of GBP400m (USD460m), and has held a first close at almost GBP90m (USD104m) with the Brunel Pension Partnership acting as the cornerstone investor. Langham Hall been appointed…
Phoenix American wins new client
Phoenix American Financial Services has onboarded Leitbox Storage Partners, a U.S.-based real estate fund sponsor. Phoenix American will support Leitbox with its investor services platform, including the STAR-XMS shareholder management/transfer agency system.
ART consolidates with State Street
Local media reports in Australia suggest that the AUD230bn (USD148bn) Australian Retirement Trust has consolidated custody and administration with State Street. ART was formed following the merger of QSuper and Sunsuper. QSuper, the larger of the two funds, had previously used Northern Trust, whilst State Street serviced Sunsuper.
Highvern acquires in Cayman
Highvern, the C.I.-based administrator, has expanded into the Cayman Islands with the acquisition of Genesis Trust & Corporate Services Ltd. Genesis serves the private capital and funds governance markets.
Fessey steps down from EFA
Following the completion of its acquisition by Germany’s Universal Investment, Noel Fessey has stepped down as CEO of European Fund Administration.
SS&C Aloha gains momentum
SS&C has reported that more than 25 clients have signed up for its front-to-back platform, SS&C Aloha. Asset and wealth managers in more than 15 countries across North America, EMEA, APAC and Australia have selected SS&C Aloha in the last 12 months. SS&C Aloha supports investment operations on a single cloud-native system.
CRD hires BNY Mellon veteran
Jeremy Shaw has joined Charles River Development, a State Street company, as a relationship manager in the UK. He previously spent more than 13 years at BNY Mellon.
Coremont hires CTO
Coremont, a UK-based provider of front-to-back portfolio management support for hedge funds and institutional asset managers, has appointed Balaji Krishnamurthy as chief technology officer, based in the U.S. He joins from JPMorgan Chase, where he oversaw middle office and post-trade technology, based in New York. This follows the recent appointments of Akbar Sheriff as global…
U.S. Bank adds to senior management team in Lux
U.S. Bank has appointed Bardad Sambou as managing director – operations and client service, in Luxembourg. This follows the recent promotion of Didier Delvaux, head of Luxembourg, to head U.S. Bank’s global fund services business in Europe. Sambou previously spent more than 16 years at State Street.