Vistra Fund Management, the Luxembourg-based third-party AIFM of Singapore-based Vistra Group, plans to acquire Kroll (Luxembourg) Management Company S.à r.l., a super ManCo with UCITs and AIF licences. The transaction is subject to regulatory approvals. Jan Vanhoutte will lead VFM’s expanded business as managing director. Anil Singh will continue with the business in a leadership…
Category: Alts
Gen II hires bus dev MD
Gen II Fund Services, the independent private equity administrator, has hired Jeff Rosen as managing director of business development. Rosen joins from Ultimus LeverPoint, where he spent a year, and has also worked at Citco and Citi.
Langham Hall wins Farview mandate
Langham Hall, the UK-based administrator, has been appointed to provide administration and accounting services for the four deal structures of Farview Equity Partners from its Guernsey office. Langham Hall assisted Farview in transitioning structures from another administrator in 2022.
TMF implements Sentry PM
TMF Group, the Netherlands-based provider of compliance and administration services, has implemented Broadridge’s Sentry PM, a cloud-based private debt and CLO portfolio management solution. The platform will enable TMF to launch a new service offering for CLO administration, which it plans to bring to market in 2024.
DTCC completes Securrency deal
DTCC has completed its acquisition of Securrency, the digital assets fintech. DTCC has rebranded Securrency as DTCC Digital Assets, reporting into Lynn Bishop, chief information officer. The former CEO of Securrency, Nadine Chakar, has been appointed global head of DTCC Digital Assets.
SimCorp allies with Alloy
SimCorp, the investment management fintech owned by Deutsche Börse, and Alloy, a provider of institutional infrastructure and technology for digital assets investments, have formed a partnership to support SimCorp clients with managing digital asset investments. The partnership aims to enable mutual clients to manage digital assets, including cryptocurrencies, tokenized securities, and institutional decentralised finance within…
Ogier hires European fund admin head
Ogier Global, Ogier‘s corporate, fiduciary and fund administration services division, has hired David Fowler as European head of fund administration. He is based in the UK. Fowler was previously at Apex.
Industry mavens launch Alchelyst
A trio of industry veterans has launched a new administration service in Ireland. Alchelyst – which expects approval from the Central Bank of Ireland imminently – will focus on the alternatives sector, where the principals each have extensive experience. Joan Kehoe is CEO, Ian Lynch is chief commercial officer, and Brian Fitzgerald is COO. All…
CLST and Copper build tri-party collateral management platform
CLST, an institutional lending and borrowing platform, has partnered with Copper, the UK-based institutional digital asset infrastructure provider, to develop Copper Pledge, a tri-party collateral management solution for digital asset markets. This partnership provides digital asset lenders with tools for optimising and de-risking their portfolios. Loans originated on CLST markets will be connected via APIs…
BBVA transitions to Metaco
BBVA Switzerland has signed an agreement with Metaco, the Switzerland-based digital asset infrastructure provider, to host its digital asset custody service on its Harmonize platform. In 2021, BBVA launched a Bitcoin trading and custody service. This was later expanded to include Ether. The bank has now migrated its custody service to Harmonize, which offers greater…