Phoenix American has been appointed to provide Versity Invest’s real estate funds with investor services, featuring the STAR-XMS shareholder management/transfer agency platform. Based in California, Versity Invest is a real estate investment company founded in 2022. Versity currently manages c. USD1bn of investor equity investments.
Year: 2023
Apex to support New Forest’s Africa platform
Apex has been mandated by New Forests, an existing client, to deliver fund services to its African Forestry Impact Platform. New Forests is an Australia-based investment manager of nature-based real assets and natural capital strategies, with AUD10bn (USD6.7bn) AuM across more than 1.2m hectares (2.9m acres). News Forests’ AFIP will continue to raise long term…
TMF to acquire Sino
TMF Group, the Netherlands-based provider of administrative services, is to acquire Sino Corporate Services Group. Sino was founded in 2007 and has offices in Hong Kong, China and Singapore, and employs 53 people. As a result of the acquisition, four members of Sino’s management team will join TMF. The deal follows the acquisitions of Hong…
Joanna Meager steps down from RBC
Joanna Meager has stepped down from her role at RBC Investor & Treasury Services. Meager joined RBC in 2007 from Deutsche Bank, and was global head of client operations for nearly 11 years. Latterly, she was country head for RBC I&TS in the UK. RBC has signed an MoU with CACEIS for the sale of…
Pirum builds key account team
Pirum, the UK-based fintech specialising in securities finance, has hired Sarah Young as a key account director for EMEA. Based in London, she joins Pirum’s newly launched global key account management team led by Bob Zekraus, COO and head of Americas.
Gamma opts for PFS-PAXUS
Gamma Fund Services Ltd, a fund services and administration company based in Bahamas, has selected the PFS-PAXUS fund administration system for its third-party fund administration business operations. PFS-PAXUS is provided by Isle of Man-based Pacific Fund Systems. Gamma has opted for a full SaaS cloud deployment model.
Northern Trust upgrades NAV workflows
Northern Trust has partnered with Appian, a fintech provider of low-code process automation solutions, to enhance the NAV workflow communications with private capital fund managers. The solution is aimed at supporting private capital fund managers with a secure digital experience offering enhanced efficiency, oversight and data security across the NAV production lifecycle. The digital portal,…
DTCC hires new CFO from State Street
Renee LaRoche-Morris has joined DTCC as CFO. She comes from State Street, which she joined in 2021 as chief of staff to the COO and chief administrative officer of shared services. She then transitioned to head the integration management office for State Street’s acquisition of BBH’s investor services business. Prior to State Street, LaRoche-Morris was…
Talos connects to Taurus for custody
Taurus SA, the European digital asset infrastructure provider, and Talos, the U.S.-based provider of institutional digital asset trading technology, have formed a partnership to provide trading and custody technology to institutional clients. Talos has integrated with Taurus-PROTECT, the digital asset custody solution for banks. The partnership is already in production with clients in Europe and…
Nordnet deploys Citi’s retail lending platform
Nordnet AB, the pan-Nordic digital platform for savings and investments, is the first Swedish client to start lending through Citi’s Securities Lending Access platform. The solution will enable Nordnet to expand its securities lending programme to new markets and new client segments. Citi Securities Lending Access is an end-to-end solution that digitises and automates the…