Category: Alts

Kingdom Trust, a South Dakota-based custodian bank that has >USD13bn AuC, has launched a retirement account that supports legacy, alternative, and crypto assets. The launch of the account – Choice – follows the acquisition of Choice Holdings, a digital asset-focused retirement account provider. Kingdom Trust already backs more than 100,000 retirement accounts and provides custody…

Aztec Group, the C.I.-based administrator, has supported the launch of the Future Industry Ventures fund, a joint venture between Redstone and SBI Group. The fund aims to raise EUR200m. Aztec supported Redstone and SBI with the set-up and launch of the fund, and will continue to provide a range of administration and governance services from…

Aztec Group, the C.I.-based administrator, has made two senior appointments to its private debt leadership team. James Vella-Bamber has been promoted to group head of private debt, based in Luxembourg, while Peter Brown joins as head of private debt in Luxembourg. Prior to joining Aztec, Brown was at RBS, where he led funds banking activities…

Citco, a provider of asset servicing solutions to the alternative investment industry, has partnered with securities class action recovery service provider, Financial Recovery Technologies. FRT works with over 800 firms to help institutional investors monitor litigations, identify eligibility, file claims and collect funds made available in shareholder class action, global and antitrust settlements. Through this…

Apex Group, the Bermuda-based administrator, has appointed Jean-Daniel Zandona as sales director, based in Luxembourg. He reports to Aman Bahel, European head of sales. Zandona will be responsible for continuing to grow the group’s offering in Luxembourg, which has over 600 employees and is the home of the group’s digital banking and onboarding business and…