Ocorian, the C.I.-based administrator, has appointed Chris Bickley as business development director (funds). Based in London, he will cover all asset classes in private markets, with a particular focus on renewables and unlisted real estate. He joins from SS&C Technologies where he was a business development manager for private markets, covering private equity, real estate,…
Year: 2023
Crestbridge appoints governance director
Crestbridge, the C.I.-based administrator, has appointed Marcelo Gazzi as director, institutional governance services. Governance services includes ManCo, director, client compliance, depository, trustee, Appointed Representative and Operator business units. Gazzi has spent the past 12 years working for HSBC in both the UK and Jersey, where he was most recently wholesale chief administration officer for HSBC’s…
BNP Paribas and SimCorp expand partnership
The securities services business of BNP Paribas has expanded its strategic partnership with SimCorp, a provider of SaaS investment management solutions, to offer insurance accounting and reporting solutions integrated with its custodian and banking services. This collaboration leverages SimCorp’s new SaaS solutions for investment operations and accounting services, and is built on the companies’ longstanding…
Enfusion appoints new board chair
The board of Enfusion, a U.S.-based provider of cloud-native SaaS solutions for investment managers, has appointed Michael Spellacy as board chair. He replaces Kathleen DeRose, who has been interim chair and remains a board director. Spellacy is currently CEO of Atlas Crest Investment Corporation. He was previously leader of Accenture’s global capital markets practice, where…
Trident Trust appoints European director
Trident Trust, the U.S.-based administrator, has appointed Albert Cilia as European regional director. This is in addition to his current responsibilities as MD of Malta.
Ultimus supports OneAscent ETF launches
Ultimus Fund Solutions, a U.S.-based independent provider of fund administration, accounting, and investor solutions, is working with OneAscent Investments to launch multiple ETFs through a series trust structure. OneAscent provides values-aligned, faith-driven solutions to advisers and investors.
USAA Real Estate outsources admin
SS&C has signed an outsourced administration arrangement with USAA Real Estate, which acquires, develops, finances and manages real estate assets in North America and Europe. USAA Real Estate will outsource fund accounting and reporting functions, as well as property accounting of operating and under-development investments, to SS&C. USAA Real Estate will also transfer around 60…
HIGHVERN hires CTO from Saltgate
HIGHVERN, the C.I.-based administration services provider, has appointed Tim McBain as group head of technology. Most recently he held a similar position at Saltgate.
Apex to acquire PFS
Apex is to acquire Pacific Fund Systems (PFS), the Isle of Man-based fund administration software provider, from its co-founders and Pollen Street Capital. The acquisition follows Apex’s longstanding partnership with PFS through the use of PFS-PAXUS and will expand use of the technology platform to enhance the delivery of timely, accurate and independent portfolio accounting,…
Formidium launches SPV tax service
Formidium, the U.S.-based third-party provider of fund administration and back-office technology solutions, has launched SPV Tax, a U.S. tax returns preparation and e-filing professional service suite for SPVs, which are often used to isolate and segregate investment assets. SPV Tax provides a unified, and end-to-end platform for U.S. federal and state tax return preparations and…