Gen II Fund Services LLC has appointed Massimo Bernacchia as its new head of depositary services in Luxembourg. He will be responsible for the leadership and development of depositary services in Europe. He joins Gen II from a global wealth manager where he was the head of the business’s safekeeping and cash monitoring team for…
Month: February 2025
Highvern to combine with Permian
Highvern, Telemos Capital and Permian have signed binding agreements to combine Highvern and Permian to create a funds and private capital services provider. Existing shareholders will re-invest alongside both senior management teams. Telemos, backed by the Jacobs family, will ensure the new group has the financial support to continue investing in its service offerings, people…
Altum hires MD for Jersey
Altum , a C.I.-based provider of fund, corporate and family office solutions, has appointed Scott McClure as managing director for Jersey. In this role, He previously worked in a senior executive role at a global fund administrator.
Citi hires data chief from BNY
Citi’s services business, which incorporates payments, liquidity management services, trade and working capital solutions, issuer services, and investor services, has appointed Steve Taylor as head of data and client platforms for issuer services and investor services. He is based in Boston, reporting to Okan Pekin, who has oversight of Citi’s custody, fund services and execution…
Upvest selects Clearstream
Clearstream has been selected by Upvest, a Europe-based investment infrastructure provider, for investment fund processing, execution, and distribution support services. Upvest is used by fintechs, banks, and wealth managers to offer end users access to investment products.
Saphyre hires industry veteran
Tom Kinnally, a former Morgan Stanley & BlackRock managing director, has Joined Saphyre, the specialist fintech. He will focus on accelerating Saphyre’s client engagement and growth. Kinnally will assist Saphyre’s executive leadership to deploy intelligent solutions for trade settlement.