Further senior management changes at Alter Domus, the Luxembourg-based provider of fund and corporate services. Doug Hart has been appointed group CEO, replacing Aidan Connolly, who was made interim CEO in 2018 following the departure of Laurent Vanderweyen. Hart joined Alter Domus following the acquisition of Cortland Capital Markets in 2018, and subsequently led Alter…
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IQ-EQ appoints Colin Targett as MD for Bermuda and Cayman
IQ-EQ has appointed Colin Targett as managing director of Bermuda and Cayman Islands operations, based in Bermuda. He was previously head of offshore investment operations with Barclays.
Simon Gunson to head FundRock’s UK business
FundRock, the Luxembourg-based administrator, has appointed Simon Gunson as managing director of its UK entity, FundRock Partners Ltd. He joins from Citi.
Crestbridge granted fund admin licence in Luxembourg
Crestbridge, a C.I.-based administrator with USD120bn AuA, has been granted a fund administration licence in Luxembourg. The new licence enables Crestbridge to provide a broad range of fund administration services from Luxembourg, complementing its ManCo business.
Northern Trust to service Corry Capital Advisors’ U.S. commingled funds
Northern Trust has been appointed by Corry Capital Advisors (CCA) to provide fund administration and related services for its U.S. commingled funds. Pittsburgh-based CCA appointed Northern Trust earlier this year to provide fund administration and depositary services for Irish-domiciled funds. With approximately USD1.3bn AuM, CCA invests in non-contestable life insurance policies.
State Street confirms expansion of relationship with VanEck to include ETFs
State Street has confirmed that it has expanded its servicing arrangement with VanEck, the New York-based manager, to provide ETF services for nearly USD40bn of assets. As part of this arrangement State Street will provide a variety of back office services, including accounting and certain administration functions, for more than 60 VanEck funds. BNY Mellon…
Niccolo Polli to head HSBC Securities Services in Luxembourg
HSBC Securities Services has appointed Niccolo Polli as head its Luxembourg business. Polli will continue in his current role as head of Luxembourg for HSBC. He replaces Nick Maton, who is understood to be leaving the bank.
State Street appoints Brian Franz as chief information officer
State Street has appointed Brian Franz as chief information officer. Franz, who joins the company in January 2020, will report to chief operating officer, Lou Maiuri, and will become a member of the management committee. Franz joins from Diageo PLC. His appointment follows the departure of Antoine Shagoury, the previous CIO, earlier this year, and…
BNY Mellon and SimCorp connect
BNY Mellon and SimCorp are connecting BNY Mellon’s custody services with SimCorp’s front-to-back investment management system, SimCorp Dimension. This follows BNY Mellon’s recent deals with Bloomberg and BlackRock Solutions.
NES to service new OZ fund for Synergy Financial
NES Financial, the Silicon Valley-based administrator, has been appointed to provide its Opportunity Zone fund administration solution to Synergy Financial, a real estate investment firm based in Boston.