Ultimus LeverPoint Private Fund Solutions, which services nearly 220 alternative managers with USD235bn AuA, has formed a partnership with Cascata Solutions, the provider of automated distribution waterfall and management solutions, to launch uWaterfall. uWaterfall elevates carried interest and fee management through data transfer, automated high-precision waterfall calculations, and full-formula transparency.
Month: September 2024
Kohli joins Pirum
Pirum, the UK-based fintech focused on securities finance and collateral management, has appointed Amit Kohli as EMEA key account management director. He joins from KPMG, where he helped to build the firm’s capital markets consulting business.
IQ-EQ hires for UAE
IQ-EQ has appointed Joe Ives as commercial director in the UAE. He previously worked at TMF and, briefly, CBD Corporate Services.
Northern Trust makes senior management changes
Northern Trust has announced a number of leadership changes, effective Oct. 1, 2024. Pete Cherecwich, president of asset servicing, will become chief operating officer. In this newly created role, Cherecwich will focus on ensuring operational excellence and resiliency, effective risk management and controls, and scalable growth. Teresa Parker will defer her previously announced retirement and…
FINBOURNE raises funds
FINBOURNE Technology, a fintech specialising in data management for the investment sector, has completed a secondary funding round. This follows a Series B funding round of GBP55m (USD72m) in June 2024 and brings the total to over GBP100m (USD131m). It allows for six investors to follow-on from their original investment and four additional investors to…
TRS selects SimCorp One
SimCorp, the fintech owned by Deutsche Börse Group, has signed a deal with the Teacher Retirement System of Texas (TRS) to implement SimCorp One, its end-to-end investment platform that supports the entire investment lifecycle for public and private markets. TRS is the seventh largest pension plan in the U.S., with USD202bn AuM.
SEI passes alts milestone
SEI has reported that it has surpassed USD1.5trn in alternative assets under administration in its investment managers business, which services private equity, private credit, venture capital, hedge, real estate, and infrastructure funds.
BT hires SS&C for unit registry
BT, the Australian wealth management business owned by Westpac, has appointed SS&C for unit registry services. SS&C’s managed fund administration team will provide unit registry services to 88 BT-managed funds, including investor servicing and unit registry websites for digital account access and transactions. BT previously managed unit registry and investor servicing for these funds in-house.
Mesh ID hires CRO
Mesh ID, a provider of digital KYC and AML onboarding solutions, has hired Rinse Tulp as chief revenue officer. He is based in Amsterdam.
BNY to acquire Archer
BNY has entered into a definitive agreement to acquire Archer Holdco, LLC a provider of managed account solutions to the asset and wealth management industry. Archer provides asset and wealth managers with middle- and back-office solutions to address the managed account needs of institutional, private wealth and retail investors.