BNP Paribas and Allfunds have entered into an agreement to create a global fund distribution and wealth technology platform. The transaction, which will see BNP Paribas Securities Services and BNP Paribas Asset Management receive together a stake of 22.5pct in Allfunds, is subject to regulatory approvals and required consultations. It is expected to close before…
Richard
Apex wins RE admin mandate for Assembly in Australia
Apex has been appointed by Assembly Funds Management and AMAL Trustees to provide fund administration services for the Australian Diversified Property Fund 1. The fund was launched with an initial AUD150m (USD100m). Assembly will pursue real estate investment opportunities across Australia and New Zealand, targeting a range of property assets including office, logistics, residential and…
Felix Deng to run new Shenzhen office for Intertrust
Intertrust has opened a new office in Shenzhen. Intertrust already has 230 professionals across Hong Kong, Shanghai, Beijing and Guangzhou. Felix Deng, associate director of business development at Intertrust China in Shanghai, will oversee the Shenzhen office and lead the team there.
People Moves
EXTERNAL PEOPLE MOVES 2019 ONWARDS TO FROM TITLE LOCATION Pamela Valasuo Ocorian Intertrust Head of sales, Luxembourg & Netherlands Luxembourg Dan Kramer Calastone BNY Mellon Vice chairman U.S. William Douglas Vistra JLL Chief commercial officer UK Derek Kemp Vistra Capgemini Regional director, UK, Ireland, Channel Islands & Middle East UK Andrew Musoke Ocorian N/D Business…
Ocorian hires Pamela Valasuo to head Lux/Netherlands sales
Ocorian, the C.I.-based administrator, has hired Pamela Valasuo as head of sales for Luxembourg and the Netherlands. She joins from Intertrust, where she was a business development director in Luxembourg.
Calastone hires Dan Kramer as U.S.-based vice chairman
Calastone, the UK-based global funds network, has appointed Dan Kramer as vice chairman, to be based in the firm’s New York office. Kramer joins Calastone from BNY Mellon, where he was an EVP and chief client experience officer, managing all stages of the client experience across service, insight and strategy. Prior to this, he spent…
Vistra makes two senior appointments in UK
Vistra, the Asia-based trust, corporate services and fund administration provider, has announced two executive leadership appointments: William Douglas as chief commercial officer, and Derek Kemp as regional managing director of the UK, Ireland, Channel Islands, and the Middle East. Both are based in London, reporting to Alan Brown, CEO, and joining Vistra’s executive committee. Douglas…
Ocorian appoints Andrew Musoke to head new Kenya office
Ocorian, the C.I.-based administrator, has opened a new representative office for its East African operations in Nairobi, Kenya, adding to an existing network of regional offices on the African continent (South Africa, Côte d’Ivoire and Mauritius). Andrew Musoke has been appointed business development director, responsible for sales to businesses and high-net-worth individuals in a region…
CLIENT PROVIDER LOCATION SERVICES FUND TYPE LCY VALUE (M) USD VALUE (M) Daiwa Asset Management RBC Ireland GC, FS, TA, DS UCITS (new) N/A N/A
MUFG to buy hedge fund and PEq assets from Maitland
MUFG Investor Services has agreed to acquire parts of the fund administration business of Maitland, an advisory, administration and family office firm. Maitland personnel will join MUFG Investor Services offices in the Cayman Islands, Halifax, and Dublin. When completed, the acquisition will add approximately USD20bn AuA, bringing the total AuA to over USD600bn. The assets…