RBC Investor & Treasury Services has appointed Daniel Hickey as global head of network management, based in the UK. He joins from Barclays Bank, where he was head of EMEA network management. Hickey inherits a completely revamped network that was rationalised through a project known as Network 2.0, reducing the number of providers from 23…
Category: Headlines
MUFG Investor Services launches contingent NAV solution
MUFG Investor Services has launched cNAV, its contingent net asset value solution for mutual funds.
Pershing Square appoints Northern Trust for multi-domicile admin mandate
Northern Trust has been appointed to provide fund administration services for Pershing Square Capital Management, a New York-based manager with USD9.4bn AuM. Northern Trust will support Pershing Square’s funds domiciled in Guernsey, Cayman and Delaware
Sanne hires Jan Barre as Luxembourg business development director
Sanne, the UK-listed corporate services and fund administration provider, has appointed Jan Barre as director of business development in Luxembourg. He joins from International Fund Services and Asset Management.
Northern Trust launches end-investor portal for alts managers
Northern Trust has launched an investor portal for alternative asset managers, offering an enhanced investor experience with updated data feeds, customised views and analysis. Built in partnership with fintech provider InvestCloud, the investor portal provides: Direct interface allowing investors 24/7 access to their updated investment data. Secure data transmission and data visualizations of metrics including…
Foreside acquires ICSGroup
Foreside Financial Group, a U.S.-based provider of governance, risk management, and compliance service and technology to the global asset and wealth management industry, has acquired the regulatory compliance business of Integrated Compliance Solutions Group, a U.S.-based regulatory compliance services firm serving the asset management industry in the U.S. and Africa, with an emphasis on private…
Alter Domus appoints Sum Tze Sheng to lead Mauritius
Alter Domus, a Luxembourg-based provider of administrative solutions to alternative investment managers, has appointed Sum Tze Sheng as country executive for Mauritius, in addition to his current role of country executive for Singapore. Based in Singapore, he will be responsible for Alter Domus’ activities in both countries and will continue reporting directly to the chief…
State Street to service Ping An’s new global PE funds
State Street has been appointed by Ping An Overseas Holdings to provide servicing solutions for its two newly launched private equity funds. This expands State Street’s current relationship with PAOH as the custodian and fund administrator of the Ping An Global Infrastructure Funds. Under the new mandate, State Street will provide custody and fund administration…
Northern Trust to administer new water-focused fund for Emerald
Northern Trust has been selected by Emerald Technology Ventures AG to provide fund administration, global custody and banking services for its sixth new fund launch – the Guernsey-domiciled Emerald Global Water Impact Fund LP. The USD100m fund is making investments in early and expansion stage companies in the water technology sector with the aim of…
NES to provide admin services to Proactive Realty Income Fund
NES Financial, a Silicon Valley-based administrator, has been contracted to provide private equity administration services to Proactive Realty Income Fund, LLC, a Chicago-based, African-American led private equity impact fund that specialises in real estate asset acquisition, renovation, stabilisation, and active management.