Formidium, the U.S.-based administrator with USD20bn AuA, has appointed Mandar Mhatre as chief revenue officer. He was previously India CEO for EPIC Investment Partners and has also served as CEO for Apex in India.
Year: 2024
IQ-EQ promotes McEnteggart
IQ-EQ has appointed Joanne McEnteggart as global head of debt, capital markets and corporate, which is one of its three core service segments. She joined IQ-EQ in 2015, and was most recently global head of corporate and loan servicing. She also led the launch of IQ-EQ’s Irish funds business in 2021. She is based in…
Saltgate hires NED
Saltgate, the C.I.-based alternatives administrator with USD100bn AuA, has appointed Julia Chapman as a non-executive director. Based in Jersey, she is a solicitor qualified in England and Wales and in Jersey.
Altum hires from Apex for RE business
Altum Group, the C.I.-based administrator, has appointed Sunet Oosthuizen as a client director in its real estate business, based in South Africa. She was briefly at Apex after its acquisition of Sanne, where she spent more than six years.
Rhyze selects SS&C for loan admin
Rhyze Solutions, a newly launched credit union service organization, has selected SS&C to help manage its commercial real estate loan portfolio. Precision LM will be deployed for pipeline tracking, loan servicing, accounting, asset management, and regulatory reporting. EVOLV will to support reserving, risk assessment, and credit reporting for all cash-flow-based financial instruments.
BlackRock appoints BNY Mellon
After a multi-year evaluation and selection process, BlackRock has appointed BNY Mellon to work alongside State Street as a service provider for its Irish-domiciled ETFs. BNY Mellon is expected to assume responsibility for about half of BlackRock’s iShares ETFs, totalling some USD356bn, providing depositary, fund administration and fund accounting services. State Street will remain registrar…
State Street completes CF acquisition
State Street has completed its acquisition of CF Global Trading, a UK-based firm specialising in outsourced trading on an agency basis for a variety of asset classes, including equities, listed derivatives and fixed income. Financial terms are not being disclosed. State Street currently provides outsourced trading to clients in the Americas, APAC and Middle East,…
ZILO adds four to board
ZILO, the UK-based fintech specialising in the global asset and wealth management sectors, has added four new directors to its board: Cuan Coulter from State Street, Pervaiz Panjwani from Citi, Adam Felesky of Portage, and James Devlin from Fidelity International Strategic Ventures. All four companies participated in ZILO’s recent GBP25m (USD32m) funding round.
Carne completes GAM transfer
Carne Group, the Ireland-based administrator, has completed the transfer of GAM’s third-party fund management services business.
Silverview implements Sentry
Silverview Credit Partners, a private debt manager, has implemented the Sentry Portfolio Management platform from Broadridge Financial Solutions. Broadridge says this will enable Silverview to achieve greater operational efficiencies and increase transparency in its portfolio management activities for its direct lending business.