NatWest Trustee and Depositary Services has been appointed as depositary for Foresight Sustainable Forestry Company PLC. Foresight Group LLP is a UK-based infrastructure and private equity investment manager. Foresight Sustainable Forestry Company PLC recently raised GBP130m (USD177m) in an IPO that will invest in UK forestry and afforestation assets.
Category: Alts
Sanne hires head of ops for South Africa
Sanne, the UK-listed administrator, has appointed Adam Duncan as head of operations in South Africa. Before joining Sanne, he spent three years as the director for data operations of Burgiss’ South African office, where he was responsible for the overall performance and progression of the team in South Africa. He also spent 13 years at…
TMF completes Brazilian deal
TMF Group, the Netherlands-based provider of administration services, has completed the acquisition of Paraty Capital, a Brazilian fund administration platform which focuses on private equity, infrastructure, venture capital and private debt funds. Paraty Capital has been providing independent third-party fund administration services since 2014 and has >BRL15bn AuA (USD2.6bn). TMF Group administers >EUR160bn (USD180bn) of…
SS&C launches 18f-4 service
SS&C has launched an 18f-4 analytics service to help fund managers comply with new derivatives investment reporting rules. SEC Rule 18f-4 comes into effect in August 2022, changing the regulatory framework for derivatives used by registered investment companies. The SS&C Algorithmics 18f-4 Risk Analytics Service is a cloud-based platform enabling users to generate reports for…
Genesis Custody gets UK regulatory approval
Genesis, a digital asset servicer and digital currency prime brokerage, has received approval from the UK’s Financial Conduct Authority for its Genesis Custody business as a registered cryptoasset business. Genesis Custody provides segregated multi-asset cold storage for full custody of client assets. In 2020 Genesis acquired Vo1t, a UK-based digital custody service provider. The Genesis…
FIS hires State Street digital expert
FIS, the U.S.-based fintech, has appointed Ralph Achkar as head of product strategy for digital assets, currency, and blockchain. He joins from State Street, where he led digital product development for EMEA and ASPAC.
Arcesium opens in Delhi
Arcesium, the U.S.-based administrator that claims to have USD675bn AuA, has expanded its India-based operations with a new office in Delhi NCR. The Delhi office will initially have over 300 employees and is expected to triple in size to 1,000 employees over the next two years. The office will be located in DLF Cyber Park,…
Ultimus acquires FD Fund Administration
Ultimus Fund Solutions, the U.S.-based provider of fund administration, accounting and investor solutions, has acquired FD Fund Administration. FD Fund Administration, headquartered in Philadelphia with additional offices in New York City and Minneapolis, is an independent provider of accounting and administrative services. The firm has a focus on real estate, credit, and infrastructure funds. In…
Northern Trust continues automation push for alts business
Northern Trust has partnered with Accelex, a UK-based fintech, to provide asset owners with new capabilities for handling unstructured data. The improvements complement other AI-powered data extraction capabilities that Northern Trust has developed in house for its alternative asset servicing business and for clients of its Front Office Solutions platform. Leveraging Accelex technology, Northern Trust…
U.S. Bank wins WisdomTree BTC ETF mandate
WisdomTree, the U.S.-based ETP specialist with USD75bn AuM, has appointed U.S. Bank as service provider for its proposed Bitcoin Trust ETF, which is currently under review by the SEC.