HSBC Securities Services has appointed Tony McDonnell as global head of alternative investments. For the last seven years, McDonnell has been the country head for securities services in Ireland and, since 2019, has had the additional responsibility of establishing private assets as a product across securities services. He will now focus solely on development of…
Category: Alts
Vistra bids AUD180.1m for Mainstream
Vistra, the Hong Kong-based administrator, has made an offer of AUD180.1m (USD139m) for Mainstream Group, an Australia-based administrator that has AuA of c. AUD210bn (USD162bn).
Crestbridge hires Andrea Lennon to head new funds business in Ireland
Crestbridge, the C.I.-based provider of private equity and real estate administration services, has opened an office in Ireland and has hired Andrea Lennon as head of funds, Ireland. Lennon joins from FundRock. Crestbridge is already authorised to provide corporate services in Ireland and aims to provide fund administration services shortly, subject to regulatory approval from…
PayPal agrees to acquire Curv
PayPal has agreed to acquire Curv to accelerate and expand its initiatives to support cryptocurrencies and digital assets. Curv is a provider of cloud-based infrastructure for digital asset custody and security, with headquarters in New York and an R&D centre in Israel. In 2020 Curv collaborated with BNP Paribas Securities Services on a proof of…
HSBC wins Cadent Gas Pension Scheme custody mandate
HSBC in the UK has extended its long-term partnership with the National Grid UK Pension Scheme and has also been appointed by Cadent Gas Pension Scheme for the provision of a range of back-office services, including global custody and fund accounting, performance measurement, private equity administration and securities lending.
Aztec supports EUR800m Norvestor PE fund
Aztec Group has supported Norvestor with the fundraising activities and the EUR800m final close of its latest fund, Norvestor VIII. Norvestor is a Nordic private equity firm. Aztec will provide ongoing administration and accounting services from its Guernsey and Luxembourg offices.
Ocorian acquires Guernsey-based Platinum Compliance
Ocorian, the C.I.-based administrator, has acquired Platinum Compliance, a Guernsey-based compliance consultancy.
Burgiss hires Ben Cluny as EMEA head of client coverage
Burgiss, the provider of data, analytics and technology solutions for private capital investors, has hired Ben Cluny as head of client coverage for EMEA. He was previously head of sales for EMEA and head of Asian operations at Preqin. Based in London, he will report to Jay McNamara, president of Burgiss.
Paul Adamiak returns to TMF Group in Australia
TMF Group, the Netherlands-based provider of compliance and administration services to the alternatives sector, has appointed Paul Adamiak as commercial director for fund services. He will focus on scaling up TMF Group’s service offering to Australian and offshore asset managers and institutions investing in Australian real assets. Prior to returning to TMF Group, he was…
FundRock hits EUR100bn AuM
FundRock, the Luxembourg-based provider of third-party UCITS ManCo, AIFM and ACD services, has reached EUR100bn AUM, and now serves over 450 funds. FundRock, which recently completed its acquisition by Apex Group, has over 150 employees across five locations in Luxembourg, the UK, Ireland and Singapore.