BNP Paribas Securities Services has taken a stake in the German fintech firm, AssetMetrix. The partnership will enable BPSS to expand its services for private capital clients and investors. By deploying AssetMetrix’s services within its private capital business, BPSS will give its clients access to analytics and reporting tools dedicated to the analysis of private…
Category: Alts
HSS appoints Tania Mahler as global head of bus dev for PA
HSBC Securities Services has appointed Tania Mahler as global head of business development, private assets. Mahler, who joined HSS in 2018 from BNP Paribas, is based in London and reports to Tony McDonnell, global head of private assets.
Ocorian authorised to act as AIF depositary in Lux
Ocorian, the C.I.-based administrator, has received authorisation to act as a depositary to alternative investment funds in Luxembourg. Ocorian already offers depositary services in UK and Jersey.
CSC to acquire TCS-Groep in the Netherlands
CSC, a U.S.-based provider of corporate services, has signed a definitive agreement to acquire TCS-Groep, a Netherlands-based administrator for alternative investment funds. TCS, which has 26 staff, offers fund administration and depositary services for alternative asset managers with a focus on real estate, private equity, private debt, and social impact funds, with AuA of EUR6.5bn…
SGSS to service Italian healthcare fund for Primonial
Société Générale Securities Services in Italy has been mandated by Primonial Luxembourg Real Estate to provide depositary and fund administration services for its Primonial Italian Healthcare Fund. Primonial is an independent asset manager based in France.
SGSS to service Alpha Real Capital’s UK PAIF
Société Générale Securities Services has been appointed by UK-based Alpha Real Capital LLP to provide custody and depositary services. SGSS is providing custody and depositary services to Alpha Real Capital’s new UK property authorised investment fund (PAIF).
SEBI approves Deutsche Bank’s commodities custody service
The Securities and Exchange Board of India (SEBI) has granted approval to Deutsche Bank to offer commodity custody services to support domestic financial institutions trading commodity derivatives. Deutsche Bank claims it is the only custodian to have received SEBI approval. Initially, the approval permits commodity custody services in gold, crude & natural gas, and commodity…
Apex wins RE admin mandate for Assembly in Australia
Apex has been appointed by Assembly Funds Management and AMAL Trustees to provide fund administration services for the Australian Diversified Property Fund 1. The fund was launched with an initial AUD150m (USD100m). Assembly will pursue real estate investment opportunities across Australia and New Zealand, targeting a range of property assets including office, logistics, residential and…
MUFG to buy hedge fund and PEq assets from Maitland
MUFG Investor Services has agreed to acquire parts of the fund administration business of Maitland, an advisory, administration and family office firm. Maitland personnel will join MUFG Investor Services offices in the Cayman Islands, Halifax, and Dublin. When completed, the acquisition will add approximately USD20bn AuA, bringing the total AuA to over USD600bn. The assets…
FundRock hires Lee Marshall as chief transformation officer
FundRock, the Luxembourg-based administrator and corporate services provider, has appointed Lee Marshall as chief transformation officer and director of group strategic clients, based in the firm’s headquarters in Luxembourg. This is a newly created, group-wide role. He joins from MasonBower where he was COO. He has also worked at KNEIP and J.P. Morgan in Luxembourg.