Schroders Capital’s real estate business has signed an outsourcing agreement with CBRE, which will provide real estate fund administration services in the UK and Luxembourg. Under the agreement, CBRE provides fund accounting and administration services for approximately GBP11bn (USD14bn) of Schroders Capital’s UK and Luxembourg-based real estate funds.
Year: 2024
GAM transfers ManCo ops to Apex
GAM, the Switzerland-based investment manager, has reached a definitive agreement to transfer its ManCo activities in Ireland, Luxembourg and the UK to Apex Group Ltd. The transaction is subject to applicable regulatory approvals and other customary conditions. The transfer agreement includes the sale of GAM Fund Management Ltd, Dublin, including its in-house transfer agency function,…
New CEO for State Street Brazil
State Street has appointed Tomas Truzzi as the CEO of State Street Brazil. Truzzi replaces Telly Theodoropoulos, who is returning to the firm’s headquarters in Boston, for a new role where he will focus on the global integration and expansion of CF Global Trading. Truzzi joined State Street Brazil in 2019 as head of FX…
Bonanno moves to Citi Wealth
Joe Bonanno has been appointed global head of data analytics and innovation for Citi’s wealth management business. Bonnano, who joined Cit in 2022 as global head of data, digital and innovation for the securities services business, spent almost 12 years with Morgan Stanley’s wealth management unit.
Maples wins ADGM mandate
Natural Ventures has appointed the Maples Group as fund administrator for its Natural Ventures Fund I LP. The USD100m, 10-year closed fund is domiciled within the Abu Dhabi Global Market. Natural Ventures invests in scalable, proven technologies with commercial success that directly enhance water and food security.
Nasdaq appoints Zodia
Nasdaq has appointed Zodia Custody as a core custodian for its suite of crypto indices.
BNY & BlackRock to support AIA
BNY has struck an agreement with AIA and BlackRock. AIA will implement BlackRock’s Aladdin platform, with BNY’s investment operations and data management services and technology, to create a connected and scalable ecosystem to support AIA’s investment activities. AIA and its subsidiaries are the largest independent publicly listed pan-Asian life insurance group. It had total assets…
IDR expands in U.S.
IDR, the private markets onboarding hub, has expanded its U.S. presence with additional hires. Brian Hwang joins IDR as commercial development director. Based in New York, he was previously at Visible Alpha, where he was global head of partnerships. Rory Blazeby, head of CRM, will also spend the remainder of the year in the U.S.…
Aztec appoints Lux head
Aztec, the C.I.-based administrator, has appointed Loic Choquet as head of jurisdiction in Luxembourg. He will continue in his role as head of group centres of excellence and internal control. Aztec has >700 Luxembourg-based employees, and has recently launched its AIFM service in the domicile.
State Street wins in Brazil
State Street has been selected to provide fund accounting, fund administration and investor servicing for Galapagos Global Capital Management, the U.S.-based hedge fund manager of Galapagos Capital, a Brazilian-founded investment company. State Street will provide these services to Galápagos Macro Master LP and Galápagos Macro Cayman Ltd.