SC Ventures, the innovation and ventures unit of Standard Chartered, has entered into an agreement with Northern Trust to launch Zodia Custody, an institutional custody solution for cryptocurrencies. Zodia is designed to enable institutions to invest in the emerging cryptocurrency assets, including transaction and settlement activities. Under the agreement, which is subject to registration with…
Category: Alts
Alter Domus appoints Tim Houghton as COO
Alter Domus, the Luxembourg-based solutions provider for the alternative investment industry, has appointed Tim Houghton as chief operating officer and a member of the group executive board. Previously, he was Alter Domus’ head of core products and group operations. Houghton joined in 2018 following the acquisition of Cortland Capital Market Services, of which he was…
SIX takes stake in Custodigit
The Swiss Stock Exchange has made an investment in Custodigit, the joint venture created by Swisscom and Sygnum in 2018. With this agreement, SIX Digital Exchange, Swisscom, and Sygnum Bank will enable Swiss banks to offer access to digital assets for their customers through an institutional digital asset gateway. The gateway will support the complete…
Vuna Partners appoints Prescient as administrator for PE fund
Vuna Partners (Pty) Ltd, a mid-market private equity firm based in South Africa, has selected Prescient Fund Services as fund administrator for the Vuna Partners Fund I. Vuna Partners has been seeded by Thuso Incubation Partners, a black-majority-owned private equity incubator. Earlier this year Thuso appointed Prescient to administer its fund of private equity funds.
Sanne to acquire PEA in Denmark
Sanne, the UK-listed provider of alternative asset and corporate business services, has agreed to acquire Private Equity Administrators, a Denmark-headquartered private equity fund administrator. PEA specialises in providing fund administration and depositary services to alternative fund structures. The business also has operations in Sweden and Guernsey, with over 55 employees and >EUR27bn AuA. This is…
Crestbridge hires Raul Ramos to head Jersey PE fund accounting
Crestbridge, the C.I.-based administrator, has appointed Raul Ramos as associate director and head of private equity fund accounting – Jersey. He joins from Intertrust, where he led the accounting service team and various large-scale projects in the Jersey office, as well as acting as director to Jersey companies and unregulated funds.
Kelly Ramsey Gooch joins Ultimus LeverPoint from SS&C GlobeOp
Ultimus Fund Solutions has appointed Kelly Ramsey Gooch as client relationship officer for Ultimus LeverPoint, the firm’s private fund administration services group. She joins from SS&C GlobeOp. Ultimus bought LeverPoint in 2019.
Kedaara appoints SS&C GlobeOp as fund administrator
Kedaara Capital Advisors, a Mumbai-based private equity firm, has appointed SS&C GlobeOp as its fund administrator.
EFA appointed to administer new AMDG RE fund
EFA, the Luxembourg-based administrator, and Oddo BHF have been appointed by AMDG, a management company specialising in the structuring and management of real estate funds, to provide administration and accounting, depositary services and transfer agency for its new fund, AMDG Location Meublée (furnished rental).
Ocorian appoints Alan Booth as global head of cap mkts
Ocorian, a C.I.-based administrator, has appointed Alan Booth as global head of capital markets. Booth joined Ocorian in 2017 and is currently head of its UK offices, a post he will retain. Ocorian’s capital markets business line includes the provision of SPV administration, debt, CLO, escrow, captive insurance/ILS, maritime and aviation services.