STP Investment Services, a U.S.-based fund administrator that was acquired by Lovell Minnick earlier this year, has acquired WealthSite, a firm that provides an accounting, portfolio management, reporting and analytics platform to single and multi-family offices, traditional wealth advisory firms and money managers serving UNHW clients. The acquisition brings STP’s total AuA to >USD400bn.
Month: December 2022
VIAM appoints Apex for new credit fund
Apex has been appointed by VI Asset Management to provide fund administration services for its inaugural evergreen Asia private credit fund. VIAM has >USD11bn AuM across multiple asset classes and business centres in Hong Kong, Singapore, and South Korea. The VI Asia Private Credit Fund LP will provide financing solutions to Asian SMEs that are…
Canoe partners with SimCorp
Canoe Intelligence, a fintech specialising in alternative investment intelligence, has struck a partnership with SimCorp, the provider of SaaS investment management solutions. The collaboration aims to accelerate the speed and accuracy with which SimCorp clients can automate key operational processes, including document collection, data extraction, and data delivery for additional analysis and reporting.
LeadingMile partners with Allvue
LeadingMile Consulting, a European consultancy firm specialising in solution implementation for the alternative investment sector, has formed a partnership with Allvue Systems, the alternative investment technology solutions provider.
Intech appoints SimCorp
Intech, a quantitative asset manager, has selected SimCorp as its partner for the implementation of SimCorp’s investment operations service solution. The agreement covers the integration of SimCorp’s full lifecycle management service to support all of Intech’s post-trade, performance, compliance, and IBOR-related activities. As part of the agreement, SimCorp’s Snowflake-powered data warehouse and cloud-native client engagement…
Northern Trust adds to fund services team
Northern Trust has confirmed the appointment of Steven Reydel as head of North America fund accounting and Michael McMaster as head of North America fund administration. Reydel was most recently head of BBH’s global fund accounting operations team and the fund accounting product executive. McMaster was chief tax officer – head of global fund services…
Altum appoints CRO
Altum Group, a C.I.-based provider of fund, corporate, and family office solutions, has appointed John Everett as group chief risk officer. He was previously group chief risk officer at Equiom, and has also worked at the Jersey Financial Services Commission.
Beechbrook taps RBS for new Lux fund
RBS International Depositary Services has been appointed as depositary for Beechbrook Capital’s new Luxembourg fund, Beechbrook Private Debt IV Senior SCSp. The appointment builds on the institutional banking provider’s relationship with Beechbrook Capital, following NatWest Trustee and Depositary Services securing the depositary role for Beechbrook’s UK SME Credit III fund earlier in 2022. Beechbrook Capital…
Euroclear plans to acquire Goji
Euroclear plans to acquire Goji, a UK-based provider of digital access and technology-enabled solutions for private markets, subject to regulatory approval. Goji serves nearly 30,000 investors from 80 investor jurisdictions, and is regulated by the FCA. Apex recently selected Goji for onboarding of alternatives clients.
CIBC Mellon partners with InvestorCOM
CIBC Mellon is collaborating with InvestorCOM Inc., a fintech focusing on the compliance disclosure needs of the financial services industry. Through this partnership, CIBC Mellon’s clients can now tap into InvestorCOM’s Publisher solution to ensure print-ready status of financial statements, create management reports for fund performance, and provide quarterly performance disclosure documents.