Aztec Group, the C.I.-based administrator, has promoted Matt Horton to group head of private equity. He replaces Alan Ross, who moves to a new role as group head of transformation. Gavin Hayman has assumed Horton’s former position as jurisdictional head of private equity in Guernsey.
Category: Alts
Ocorian completes acquisition of Allegro in Luxembourg
Ocorian, the C.I.-based administrator, has completed the acquisition of Allegro S.à r.l., a Luxembourg-based third-party ManCo and fund administrator. Allegro is licenced to provide ManCo and fund administration services to AIF, RAIF, non-AIF and UCITS funds. It has c. EUR8.7bn AuM, primarily in underlying investment strategies with a PE/RE focus.
Intertrust supports USD1.9bn fund launch for iCON Infrastructure in Guernsey
Intertrust, the Netherlands-based provider of trust, corporate, private wealth, and fund and capital market services, has assisted iCON Infrastructure LLP with the first and final closing of its new USD1.9bn fund, iCON Infrastructure Partners V. iCON is an independent investment group focusing on privately held investments in infrastructure assets in Europe and North America. iCON…
IQ-EQ hires State Street’s Bruno Noyon as MD, France
IQ-EQ, the Luxembourg-based administrator, has appointed Bruno Noyon as managing director, France. He was previously COO for State Street’s global services business in France, having joined the bank in 2004 following State Street’s lift-out of AXA’s local back office. Last year IQ-EQ acquired Peru & Partners, a Paris-based fund administrator focused on the private equity…
NES to administer OZ funds for Opp Zone Capital
NES Financial, the Silicon Valley-based administrator, has been mandated to provide opportunity zone fund administration services to Opp Zone Capital, a U.S.-based OZ fund manager and sponsor with real estate and operating business investment offerings. NES recently announced that it is being acquired by JTC.
Ultimus hires Ned Siegel for private funds bus dev
Ultimus Fund Solutions, the U.S.-based independent administrator, has appointed Ned Siegel as senior vice president of business development within Ultimus LeverPoint, its alternative fund administration business. Based in Boston, Siegel will be part of a team responsible for growth of the firm’s private fund administration services. Prior to joining Ultimus, Siegel’s most recent role with…
AEG selects SS&C’s Precision LM loan servicing platform
American Enterprise Group has selected SS&C’s Precision LM platform for loan servicing, accounting, asset management, valuation, and reporting. AEG has multiple insurance company subsidiaries under the American Republic, Great Western Insurance Company, and Medico brands.
SANNE to provide fund admin services to ACA’s Mauritius unit
SANNE, the UK-based provider of alternative asset and corporate administration services, has been appointed by ACA Manager (Mauritius) Ltd, a member of the African Capital Alliance Group, to provide fund accounting and administrative services. ACA is a pan-African private equity investment firm sponsoring funds and managing investments in sub-Saharan Africa.
SANNE hires Christopher Thoume for prod dev role in London
SANNE, the UK-based provider of alternative asset and corporate services, has appointed Christopher Thoume as director, product development in its London office. He will specialise in the development of SANNE’s product and digital solutions. He was previously the chief of staff to KPMG’s global head of fintech and COO of its UK blockchain and digital…
JTC to acquire NES Financial
JTC, the C.I.-based funds and corporate services provider, has agreed to acquire NES Financial, a U.S.-based provider of specialist fund administration services. Founded in 2005, NESF has 58 employees, all of whom will join JTC, delivering services from Boston, Massachusetts, where its fund administration operation is based, and San Jose, California, which is the company’s…