Ireland has completed a key financial services bill that has been in the works for over five years and is expected to create 3,000 jobs by 2025 while attracting up to EUR20bn per annum in global private capital. The Investment Limited Partnerships (Amendment) Bill 2020 opens the door for new global private fund market entrants…
Category: Headlines
SS&C to acquire Millennium Consulting Services
SS&C has entered into a definitive agreement to acquire Millennium Consulting Services and Millennium Seminar Services, which provide consulting and training services to insurance companies and insurance regulators. The purchase price for the two entities was not disclosed. The acquisition will add 13 employees across the U.S. The founders of the Millennium companies, Bruce Cromartie…
HF FS hires Monette Windsor from MUFG in Cayman
HF Fund Services, a member of the Equiom Group, has appointed Monette Windsor as director in its Cayman Islands office. HF Fund Services provides independent directors to alternative investment funds and investment management companies. Previously, she was the managing director of MUFG Alternative Fund Services (Cayman) Limited, (formerly UBS Fund Services (Cayman) Ltd).
State Street launches cloud-native data management platform
State Street has launched its Alpha Data Platform, an end-to-end data management and warehouse solution for institutional investment and wealth managers. The platform enables clients to assemble and access investment data spanning internal and third-party services across their investment processes. It provides access to front office data in near real-time, and incorporates data catalog and…
Northern Trust celebrates 20 years in Ireland
Northern Trust is celebrating 20 years since it established a presence in Ireland through its acquisition of Ulster Bank Investment Services. Northern Trust is the third largest provider of fund administration and custody services in Ireland, according to Monterey, employing more than 1,600 people in its offices in Dublin and Limerick. In 2011 Northern Trust…
Oak and PraxisIFM end merger talks
Oak Group and PraxisIFM Group, two Guernsey-based administrators, have called off their proposed merger, first announced in August 2020. In a statement, Oak said: “With a particularly unpredictable global economic backdrop, a number of hurdles have led to the cessation of discussions”.
SS&C launches cloud-based Blue Sky portal
SS&C has launched its Blue Sky portal, a cloud-based technology solution to help investment managers comply with state Blue Sky laws. The web-based portal is designed to maximise compliance in an efficient and scalable way. Key features include an updated information stream for state fee calculations and best practices. An enhanced exemption process for social…
Ann Fogarty leaves BNY Mellon to join State Street
Ann Fogarty, who has been at BNY Mellon and its legacy brands for 15 years, is leaving to join State Street. BNY Mellon appointed Fogarty as interim global head of operations following Lester Owens’ departure earlier this year. She had previously been global head of accounting services. At State Street, it is understood she will…
Noor Adhami to head HSBC’s Singapore securities services business
HSBC has appointed Noor Adhami as head of securities services Singapore, effective 1 February 2021. Adhami joined HSBC in 2004. For the last four years, she has held the role of regional head of global liquidity & cash management for MENA and Turkey, during which she also headed the regional securities services business. Adhami will…
CBRE to provide fund accounting for new GLP fund
CBRE has been selected to provide fund and property accounting services for a new U.S.-based industrial fund managed by GLP Capital Partners, one of the largest industrial real estate fund managers in the world. CBRE’s fund and property administration group offers integrated real estate design & construction accounting, property accounting and fund administration services to…