Ocorian, the C.I.-based administrator, has appointed Marc van Rijckevorsel as head of business development for corporate and fund services in the U.S. Based in New York, he reports to Simon Behan, chief commercial officer. He was previously at Intertrust, where he was most recently responsible for business development and global client relationship management in the…
Category: Alts
IQ-EQ to buy Davy Global Fund Management in Ireland
IQ-EQ, the Luxembourg-based administrator, is to acquire Davy Global Fund Management, part of Davy Group, one of Ireland’s largest domestic financial services businesses. The transaction, which is subject to regulatory approval, is expected to close by the end of 2021, following which DGFM will rebrand to IQ-EQ. Formed in 2014, DGFM employs 83 people: 68…
Equiom launches in Ireland
Equiom, the UK-based administrator, has launched Equiom Fund Solutions Ireland Limited, having announced its Irish-domiciled Super ManCo to service AIF and UCITS funds earlier this year.
State Street to acquire Mercatus
State Street has agreed to acquire U.S.-based Mercatus, Inc., a front-and-middle-office solutions and data management provider for private market managers. The transaction is expected to be completed in September, subject to customary closing conditions. Financial terms are not being disclosed. State Street intends to offer a fully integrated platform for growing private market segments including…
TMF appoints new bus dev head for UK & Ireland
TMF Group, the Netherlands-based administrator, has appointed Yvette van Loon as the market head of business development in the UK and Ireland. She joined TMF Group in 2006, and will move to London from France later in the year. She will report to Pamela Valasuo, head of business development for the international region, with a…
Grayscale adds BNY Mellon as key servicing provider
Grayscale Investments, the world’s largest digital currency asset manager with >USD30bn AuM, has selected BNY Mellon as an asset servicing provider for Grayscale Bitcoin Trust, its flagship product. BNY Mellon will provide Grayscale Bitcoin Trust with fund accounting and administration effective October 1, 2021. Additionally, it is anticipated that BNY Mellon will provide transfer agency…
Apex to acquire German administrator
Apex Group is to acquire mola-administration GmbH, a fund administrator based in Germany. mola-administration serves private equity firms, venture capital, debt, special situations and digital assets funds, with AuA of EUR3.5bn.
NPS renews agreement with State Street
The National Pension Service of Korea, the world’s third largest pension fund, has renewed its service agreement with State Street, which will continue to provide back-office and middle-office services for the NPS’ global equity and alternatives portfolios which have KRW222trn (USD195bn) and KRW49trn (USD43bn) AuM respectively. State Street has been providing custody, fund accounting, performance…
Covario to deploy METACO Harmonize
Covario, an independent prime broker for digital asset managers based in Switzerland, has selected METACO Harmonize as its digital asset orchestration engine. Harmonize acts as the overarching policy layer to ensure oversight and management of Covario’s operations, coupled with a single point of integration for its various internal systems. Covario offers trade execution services including…
InvestX appoints Great Lakes for investor services
Great Lakes Fund Solutions, a U.S.-based administrator for alternative investment fund sponsors, has been appointed to provide investor services for InvestX, a North American marketplace delivering access and liquidity to the private equity asset class through investments in pre-IPO companies on its trading platform, lnvestX GEM.