Altum Group, the C.I.-based provider of fund, corporate, and family office solutions, has appointed Alexandra Fantuz as director for its Luxembourg office. She joins from Global Serve. Altum recently announced plans to acquire the Luxembourg operations of Link Fund Solutions.
Category: Alts
Zodia appoints CFO
Zodia Custody, the UK-based digital assets custodian, has appointed Jonathan Hugh as chief financial officer. He joins from GSR, where he held a similar role.
Standard Custody partners with GSR
Standard Custody & Trust Company, the regulated limited purpose trust company and qualified custodian owned by PolySign, is working with GSR Markets Limited, a digital asset liquidity provider and trading firm, to support its escrow services. Standard Custody has created an escrow solution that clients can leverage through its collaboration with GSR and other trading…
Goji supports Greater Share
Goji, the Euroclear-owned fintech that offers investors digital access to alternative investments, will provide its onboarding technology to support Greater Share’s fundraising efforts for its first fund, which focuses on education. The Greater Share Education Fund, which is governed by Luxembourg law, is set to reach its second close in September 2023, and is supported…
Formidium launches tax module
Formidium, a U.S.-based provider of fund technology and back-office solutions, has released a tax allocations and returns module for its fund accounting software, Seamless. The tax allocations module streamlines the process of tax allocations, federal/state returns preparation, tax schedules such as K1s, and returns such as 1099s and 1042s, for SPVs, hedge funds, venture funds,…
Altum to buy in Luxembourg
Altum Group, a C.I.-based provider of fund, corporate, and family office solutions, has agreed to acquire Link Fund Solutions (Luxembourg) S.A., a provider of AIFM and ManCo services, from Link Group. Link Luxembourg is part of Australia-based Link Group’s fund solutions business. Established in 2018, Link Luxembourg provides services to an institutional client base through…
Sadu appoints Apex
Apex Group has been appointed by Sadu Capital to provide fund administration and AML solutions. Sadu Capital is a Saudi-based venture capital firm that invests in private technology startups. Sadu’s latest Cayman-domiciled fund focuses on investing in early-stage start-ups based in the Middle East & North Africa region.
Hazeltree adds to C-suite
Hazeltree, the U.S.-based provider of treasury and liquidity management solutions for the alternative asset management industry, has appointed Vlad Berson as chief marketing officer. He will report to Hazeltree CEO Tushar Amin and will be based in New York. Berson joins from Broadridge, where he was most recently global head of marketing for capital markets.
Equity Trust buys Midland Trust
Equity Trust Company, a U.S.-based custodian of self-directed IRAs, has acquired Midland Trust, a self-directed IRA company based in Fort Myers, FL. Equity Trust services individuals seeking to self-direct their retirement investments, offering access to investment options such as real estate, private equity, and precious metals.
TMF to acquire FIDD in Brazil
TMF Group, a Netherlands-based provider of administrative services, has entered into an agreement to acquire FIDD Group, a full-service outsourced fund administration provider based in Brazil. The transaction is subject to regulatory approval by Banco Central, with completion expected in 2024. Following the acquisition, TMF Group would administer more than EUR200bn of client assets. FIDD…