Waystone, the Ireland-based administrator, has moved closer to the completion of its proposed acquisition of the Irish and UK businesses of Link Fund Solutions. Certain contractual conditions have been satisfied, with counterparties to LFS contracts, representing the threshold majority of revenue, now agreeing to those contracts being transferred to Waystone on completion of the sale.…
Month: August 2023
State Street consolidates in India
State Street is streamlining its operating model in India and intends to assume full ownership of the company’s joint venture with the Atos Group (originally established with Syntel, Inc.). This consolidation is expected to be complete by the fourth quarter of 2023. State Street has a long-standing presence in India and has partnered with Syntel/Atos…
ZILO launches in UK
ZILO, the UK-based fintech specialising in transfer agency, has gone live with its SaaS technology platform for global transfer agency services. ZILO’s technology offers clients a global cloud-based TA solution, delivering a single platform across multiple jurisdictions. Launching first in the UK, ZILO will expand its coverage in 2024, including Luxembourg, Ireland and Asian markets.
Hex Trust gains DASP status in France
Hex Trust, the Asia-based digital asset custodian, has obtained the Digital Asset Service Provider (DASP) registration granted by Autorité des Marchés Financiers and Autorité de Contrôle Prudentiel et de Résolution in France. The DASP registration enables Hex Trust to provide services including digital asset custody, the purchase/sale of digital assets for legal tender, and the…
Apex appoints new Denmark head
Apex has appointed Qasir Bashir as country head – Denmark. The role was previously held by Peter Toyberg, who will retire later in 2023. In addition to this, Lars Moller Anderson, who co-founded the Private Equity Administrators (latterly part of Sanne Group) business along with Toyberg, has also announced his intention to retire from the…
State Street launches ETF portal in Australia
State Street has launched its Fund Connect ETF Portal in Australia. The portal offers online access for the creation and redemption of ETFs. This follows the 2022 launch of the platform in Singapore. Fund Connect ETF acts as a conduit between APs and issuers globally. It provides a single point of access to approximately 1,100…
Gen II appoints CFO
Gen II Fund Services, the U.S.-based private capital fund administrator, has appointed Marlene Pelage as CFO. She was previously global CFO for IPG Mediabrands.
Vistra and Tricor merge
Vistra, the Asia-based fund and corporate service provider, has completed its merger with Tricor Group. The combined business has >9,000 professionals in 50+ jurisdictions. Simon Webster, who joined Vistra in 2022 as CEO, becomes CEO of the combined business. Kim Jenkins, Tricor’s CEO, has been appointed as COO. The merged entity, headquartered in Hong Kong,…