Altum Group, a C.I.-based provider of fund, corporate, and family office solutions, has agreed to merge with Elysium Fund Management Ltd, a Guernsey-based provider of fund, corporate and professional services. Elysium will merge into Altum once the deal receives regulatory approval. The combined group will have more than USD40bn AuA, with over 200 employees across…
Year: 2024
State Street launches Sharia services
State Street now offers Shariah-compliant global custody and fund administration services following the attainment of a Shariah-compliant certificate from Amanie Advisors Sdn. Bhd, a Shariah advisory firm.
Apex wins Africa fund
Apex has been appointed as AIFM and administrator of a fund aimed at supporting renewable energy infrastructure in sub-Saharan Africa. The Gaia Africa Climate Fund is targeting investment of up to USD200m.
JTC hires for Ireland
JTC, the C.I.-based administrator, has appointed Lloyd Collier as a senior director responsible for the growth of its institutional client services business in Ireland. Prior to joining JTC, Collier spent two decades with BNY.
BNY partners with Snorkel AI
Snorkel AI has struck an agreement with BNY to provide software, expertise and insights that help turn unstructured data into actionable insights and solutions for clients. Snorkel AI is a California-based AI data development specialist, helping companies move from legacy manual efforts to a programmatic approach for more affordable, scalable and secure AI model creation.
Centralis acquires Oakford
Centralis Group, the Luxembourg-based alternative asset and corporate services provider, has acquired Oakford Advisors. UK-based Oakford provides specialist services focused on alternative fund clients. Forty employees will join Centralis from Oakford.
TMF appoints transformation chief
TMF Group, a Netherlands-based provider of compliance and administrative services, has appointed Charlie Netherton to its executive committee as chief transformation officer, reporting to CEO Mark Weil. He was previously on a career break after working for Marsh.
TDCC appoints Citi
Citi has been appointed by the Taiwan Depository & Clearing Corporate (TDCC) to provide global custody services. The selection comes as TDCC implements a new centralised custody platform to improve asset safety for local investors holding overseas investments via local brokers.
Fenergo partners with Deloitte
Fenergo, the Ireland-based provider of digital solutions for KYC, transaction monitoring and client lifecycle management, has partnered with Deloitte Ireland to deliver Fenergo’s AI-powered CLM solutions to financial institutions across EMEA. The alliance combines Fenergo’s technology with Deloitte’s business transformation expertise to create a centre of excellence for CLM. The collaboration will enable financial institutions…
Langham Hall appoints UK head
Langham Hall, the UK-based administrator, has appointed Richard James as head of UK. Previously he was global CFO for Savills Investment Management.