Gen II Fund Services, a U.S.-based independent private equity fund administrator, has secured new funding. General Atlantic, a global growth equity firm, and Hg, a global software investor, will lead the investment. IHS Markit, a provider of information, analytics and solutions, will also make a minority investment in the company. Cobepa S.A will continue to…
Category: Headlines
JTC hires Richard Ingle as chief risk officer
JTC, a C.I.-based provider of fund, corporate and private client services, has appointed Richard Ingle as group chief risk officer. Based in Jersey, he will have overall responsibility for governance of risk management and regulatory compliance across JTC’s global network of 23 offices in 19 different jurisdictions. He joins from Standard Chartered Bank, where he…
BP2S opens agency sec lending desk in Hong Kong
BNP Paribas Securities Services is expanding its market and financing services for clients in Asia Pacific with the launch of a new agency securities lending desk in Hong Kong. This desk will complement existing services offered in Sydney, London and New York. BNP Paribas has appointed Anthony McDonald to head up the Hong Kong agency…
HSBC upgrades insurance administration services in Asia
HSBC has launched an upgraded fund administration solution for Asia-based insurance companies, after onboarding HSBC Life, its Hong Kong insurance business. HSBC now provides accounting, valuation and other administration services to HSBC Life, with over USD56bn of assets under administration onboarded, and more scheduled across Hong Kong and Singapore.
BNY Mellon hires Fangfang Chen as head of Asia Pacific
BNY Mellon has appointed Fangfang Chen as head of Asia Pacific and Asia Pacific head of asset servicing and digital. She will be based in Hong Kong and will report to Hani Kablawi, head of international, and James Slater, head of asset servicing client coverage and front office solutions. She succeeds David Cruikshank, who is…
National Western Life to implement SS&C’s Precision LM software
National Western Life Insurance Company, a Texas-based life insurer, will implement SS&C‘s cloud-based Precision LM software to provide servicing and accounting support for its growing portfolio of commercial mortgages.
HSBC facilitates new sec lending transactions in mainland China
HSBC has facilitated securities lending transactions conducted by China Asset Management (Hong Kong) Limited in mainland China. The two transactions, executed on the Shanghai Stock Exchange and Shenzhen Stock Exchange, are among the first batch of securities lending transactions via the Qualified Foreign Institutional Investors (QFII) scheme. HSBC is the custodian, providing services including investment…
Sanne completes acquisition of Avalon in Cayman
Sanne Group plc, the UK-listed financial services provider, has completed its acquisition of Avalon Trust & Corporate Services Ltd. in the Cayman Islands. Earlier in 2020 Sanne acquired Dublin-based Inbhear Management Services, which also had a presence in Cayman.
Sweden’s Keel Capital appoints Apex as administrator for Lux funds
Apex has been appointed to provide fund administration services to Stockholm-based Keel Capital AB. Keel Capital is regulated in Sweden as an AIFM, and its funds (Alternative Investment Fund Keel Capital S.A – SICAV-SIF Foghorn Fund, Foghorn X2 and Longhorn Fund) are all registered and domiciled in Luxembourg.
FundRock appointed as ManCo for Primus Solutions ICAV
FundRock, the Luxembourg-based financial services company that is the subject of a takeover by Apex, has been appointed as the management company of the newly launched Primus Solutions ICAV, which is distributed by Deutsche Bank. FundRock will provide the legal and regulatory framework for the ICAV and undertake oversight of the sub-fund.