Fred Alger Management, LLC, a privately-owned USD22bn growth equity investment manager, has appointed BNY Mellon to provide global fund services, as well as portfolio accounting, performance measurement and data management solutions. Alger expects to complete this transition by early 2024. Two of the outgoing providers are thought to be BBH as custodian, and UMB as…
Month: July 2023
Apex wins in South Africa
Apex has been appointed by PAPE Fund Managers (Pty) Ltd (PFM), a division of PAPE Group (Pty) Ltd, a South Africa-based private equity fund manager, to provide fund administration services. PFM acts on behalf of the PAPE Fund 3 Limited Liability Partnership comprised of nine investor groups. Apex will provide fund administration services to Fund…
Ocorian hires from BNY Mellon
Ocorian, the C.I.-based provider of corporate and fiduciary, fund administration, and capital markets services, has appointed Christoph Schwarz as business development director, capital markets, focusing on financial institutions and law firms in the UK and Europe. Based in London, he was previously at BNY Mellon in its corporate trust team.
ZEDRA adds to fund solutions team
ZEDRA, the Switzerland-based administrator, has appointed Mark McKeary as commercial director to support its global fund solutions team. Based in London, he reports to Wim Ritz, global head of funds. He was previously at Intertrust.
Citi wins NHI&S mandate
Citi has been selected by NH Investment & Securities Co., Ltd. (NHI&S) as its global custody provider as NHI&S expands its business model to include trustee services for private investment funds in South Korea. Founded in 1969, NHI&S is one of South Korea’s largest securities firms. Citi currently provides NHI&S with FX services as well…
Promotion for Donohue at State Street
State Street has appointed Jessica Donohue as head of global investment insights, sustainability and impact. Donohue succeeds Rick Lacaille who announced his retirement earlier this year. She will report to Lou Maiuri, president, chief operating officer, and head of investment services. In this role, Donohue will oversee State Street’s sustainability efforts with a focus on…
State Street opens in Colombia
State Street has continued its expansion into Latin America with the opening of an office in Bogota, Colombia. Andres Zambrano Burgl will manage the office and lead sales in the country, reporting to Maria Ximena Vasquez, State Street’s head of sales for Latin America and The Caribbean (ex Brazil). State Street opened an office in…
Inarcassa hires SGSS
Société Générale Securities Services in Italy has been selected as provider of custody and trustee services by Inarcassa, Italy’s national social assistance fund for self-employed engineers and architects, for a five-year term. Inarcassa has EUR13bn (USD14bn) AuM.
FINBOURNE hires from BNPP
FINBOURNE Technology, the UK-based data management fintech, has appointed Neil Ryan as head of product marketing and solution positioning. Ryan was most recently global head of investment analytics & data services at BNP Paribas’ securities services business.
BNPP appoints co-heads of data & digital
BNP Paribas’ securities services business has appointed Jean-Marc Friess and Thomas Durif as co-heads of its data & digital services business. Friess is appointed chief digital services officer for securities services. In his new role, he will continue to lead securities services’ digital channels and services roadmap and will take over the lead of its…