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…
Category: Alts
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.
Opus acquires fund admin unit of Advanced Fund Administration
Opus Fund Services, the U.S.-based independent administrator, has acquired the fund administration unit of Advanced Fund Administration, which has offices in the Cayman Islands and New Jersey. Before this deal, AFA provided multiple lines of business to its hedge fund clients, consisting of legal, advisory and compliance services. AFA’s fund administration clients are now scheduled…
Ocorian hires two for London office
Ocorian, the C.I.-based administrator, has hired two new staff in London. Kristina Rowe joins as head of client services for the UK. She was previously at State Street. Jamie Riley joins from Intertrust as a business development director.
Alter Domus opens office in Tokyo
Alter Domus has opened an office in Tokyo. Scott Reynolds has been hired as the group’s country executive for Japan, reporting to Alexander Traub, the regional executive Asia Pacific. Reynolds joins from Deloitte Tohmatsu LLC.
IQ-EQ hires Cecilia Cheung as HK country head
Cecilia Cheung has joined IQ-EQ (formerly SGG Group) as country head of its Hong Kong business. She will also serve as a member of the Asia executive leadership team. Before joining IQ-EQ, Cheung was country head for SANNE in Hong Kong.
CUNA Mutual selects SS&C Precision LM for loan admin
CUNA Mutual Group has selected SS&C Precision LM to streamline the origination, servicing, accounting, asset management and regulatory reporting of its commercial mortgage loan portfolio.
IMF Bentham appoints SS&C GlobeOp for closed-end fund
IMF Bentham Cayman Advisory Services Ltd, a subsidiary of Australia-headquartered IMF Bentham Limited, has appointed SS&C GlobeOp to administer its newly launched USD500m closed-end fund that was established to underwrite non-US disputes around the world. IMF is a global dispute resolution funder. A current client, IMF appointed SS&C GlobeOp to provide fund administration, AML services…
Pacific Oak Capital appoints CBRE for REIT admin
CBRE has been appointed the fund and property administrator for Pacific Oak Capital, a privately held asset management company that spun off from KBS Holdings in 2018. CBRE will provide services from property to fund-level accounting and compliance work for Pacific Oak Capital’s three existing REIT-structured funds. CBRE’s investment accounting & reporting solutions group offers…