LemonEdge, the fund accounting solution for private markets, has struck a strategic partnership with Eleven, an investor portal solution. This partnership combines LemonEdge’s accounting capabilities with Eleven’s platform for automating and streamlining the entire investor lifecycle, including digital subscriptions, investor onboarding and investor servicing.
Category: FinTech
Pirum shakes up C-suite
Pirum, a fintech focused on securities finance and collateral management, has appointed Mark Hale as CEO. He replaces Phil Morgan, who has decided to transition from his current role into an advisory position. Hale will be based in the New York office but will be present in the London head office on a regular basis.…
Pirum hires for EMEA sales
Pirum, the fintech for securities finance and collateral management, has hired Jonathan Hodder to join the company’s origination sales team in EMEA. He joins from Transcend, where he led EMEA sales & business development.
Pirum expands into pre-trade space
Pirum, the fintech focused on securities finance and collateral management, has launched Pirum TradeConnect, a global, standardised and open pre-trade connectivity solution for equities and fixed income, fully integrated with Pirum’s established post-trade services. Pirum TradeConnect provides the ability to connect with any counterpart bilaterally, as well as directly with multiple venues, in any format,…
IDR boosts U.S. management
IDR, the private funds clearinghouse, has appointed Jason Meklinsky as chief revenue officer, based in the U.S. He joins from Suntera. IDR is the investor clearinghouse for private markets, connecting over 53,000 investors with 8,400 funds and 500 managers.
SimCorp hires from CRD
SimCorp has hired Jason Pietrafitta as head of customer success for Asia Pacific, based in Singapore. He was previously at CRD, a State Street company.
SS&C to acquire Battea
SS&C has signed a definitive agreement to acquire Battea-Class Action Services, LLC, a provider of securities class action claims management and settlement recovery services. The purchase price is c. USD670m, subject to certain adjustments. Battea helps more than 900 banks, asset managers hedge funds and proprietary trading firms to receive the maximum distribution of entitled…
Ultimus partners with Cascata
Ultimus LeverPoint Private Fund Solutions, which services nearly 220 alternative managers with USD235bn AuA, has formed a partnership with Cascata Solutions, the provider of automated distribution waterfall and management solutions, to launch uWaterfall. uWaterfall elevates carried interest and fee management through data transfer, automated high-precision waterfall calculations, and full-formula transparency.
Kohli joins Pirum
Pirum, the UK-based fintech focused on securities finance and collateral management, has appointed Amit Kohli as EMEA key account management director. He joins from KPMG, where he helped to build the firm’s capital markets consulting business.
FINBOURNE raises funds
FINBOURNE Technology, a fintech specialising in data management for the investment sector, has completed a secondary funding round. This follows a Series B funding round of GBP55m (USD72m) in June 2024 and brings the total to over GBP100m (USD131m). It allows for six investors to follow-on from their original investment and four additional investors to…