State Street has been appointed by Coller Capital to provide fund administration and accounting, custody, depositary services, currency management and transfer agency. Coller Capital is the largest independent investor dedicated exclusively to investing in the private capital secondaries market, with USD33bn AuM. The full-service appointment follows State Street’s initial work with Coller Capital on the…
Month: September 2024
alchelyst hires U.S. leader
alchelyst, the Ireland-based administrator, has appointed Shawn McMenimen to lead its business in the U.S. Based in Boston, he has previously worked at Alter Domus and Gen II after spending 19 years at State Street.
U.S. Bank adds to ETF management team
U.S. Bank has hired Lisa Korbas as head of ETF relationship management within its global fund services division. In this newly created role, Korbas will be responsible for developing, maintaining, and executing relationship strategy. She reports to Josh Jacobs, who was named chief commercial officer for ETFs earlier this year. Korbas brings 15 years of…
Maples to support new DIFC fund
Maples has been appointed to provide fund administration services to the newly launched Amplify Growth Fund. The fund is domiciled in the Dubai International Financial Centre and is targeting USD100m in capital commitments from institutional investors.
Palmer partners with Entrilia
Palmer, the UK-based private capital markets administrator founded in 2023, has partnered with Entrilia, a fintech providing platform solutions for the private markets sector.
BNP Paribas wins PE mandate
BNP Paribas has been mandated by PAI Partners, a private equity firm investing in companies in Europe and North America, to provide depositary bank services for its eighth fund, PAI Partners VIII, representing EUR7.1bn (USD8bn). This new mandate extends PAI Partners’ long-term relationship with BNP Paribas, which already includes global custody, depositary bank and transfer…
SEB expands with Broadridge
Skandinaviska Enskilda Banken AB (SEB) is deploying Broadridge’s international post-trade processing solution to simplify and streamline its securities business. SEB is a long-standing user of Broadridge’s front and middle office solutions for order management, trade execution and allocation.
NT hires onboarding chief
Spiro Christopulos has joined Northern Trust as global head of client onboarding, based in Boston. He previously held a similar role at State Street.
BNP Paribas wins in Australia
BNP Paribas’ securities services business has been chosen by The University of Sydney Endowment Fund to provide custody and fund administration services. The University of Sydney is the oldest university in Australia and has been operating an endowment fund since 1997, with AUD4.4bn (USD3.0bn) currently of AuM. The fund sought a new provider following the…
SLAM appoints SGSS for ELTIF
SGSS Luxembourg has been appointed as custodian, depositary bank, fund administrator, transfer agent and local representative agent by Swiss Life Asset Managers for the launch of its first ELTIF 2.0: Swiss Life Funds (LUX) Privado infrastructure S.A., SICAV-ELTIF. Earlier In 2024 SGSS was appointed by Schroders Capital as transfer agent for its new ELTIF 2.0.