Vistra, the Asia-based provider of fund and corporate services, has acquired the fund administration and transfer agency business of U.S.-based Phoenix American Financial Services, Inc. The transaction does not include Phoenix American’s aviation services business. As part of the deal, Zane Doyle, chief strategy officer of Phoenix American, will join Vistra. The deal will enhance…
Category: Independents
Amicorp granted AIFC licence
Amicorp Fund Services, the Asia-based fund services provider, has had its fund administration licence approved by the Astana International Financial Centre, Kazakhstan‘s financial hub. The licence adds to Amicorp’s seven other fund administration locations.
Westwood expands with Ultimus
Ultimus Fund Solutions, the independent provider of fund administration, accounting, and investor solutions, has expanded its longstanding partnership with Westwood Holdings Group following the launch of two new actively managed ETFs. Headquartered in Dallas, Texas, Westwood manages multiple investment strategies tailored to institutional investors, private wealth clients, and financial intermediaries. Recently, Westwood expanded its offerings…
Apex supports new JGIA PE fund
Apex Group is working with Japan Growth Investments Alliance, a private equity manager, to provide fund administration services to JGIA III Series Fund. The appointment comes after Apex supported a previous JGIA Series Fund.
Arcesium opens in Lisbon
Arcesium, the J.P. Morgan-backed provider of investment services, has opened an office in Lisbon, Portugal.
IQ-EQ hires Swiss sales director
IQ-EQ has appointed Florent Michel as its sales director Switzerland, based in Geneva. He joins from SGSS.
UBS AM outsources to CBRE
CBRE has been appointed by UBS Asset Management’s U.S. real estate & private markets business to provide a range of fund administration and related services for its U.S. real estate and farmland assets. As part of the agreement, a team from UBS Asset Management has moved to CBRE. Services provided by CBRE under this agreement…
Aztec supports eevolve fund launch
Aztec Group, the C.I.-based fund and corporate services provider, has supported the launch of eevolve Partnership SCSp, the first fund from eevolve, the Swiss asset manager established in 2022. The fund was oversubscribed at EUR372m (USD404m). Aztec will continue to provide ongoing administration and accounting services to the fund and its investment structures from its…
Yealand selects Confluence for NAV service
Yealand Fund Services, a small UK-based ACD and fund administrator, has selected Confluence’s valuations pricing service to deliver greater transparency and efficiency in the pricing of multi-asset class financial instruments to its clients. Yealand will replace a previous provider to enhance the accuracy of data feeding its operational, portfolio management, and risk management processes while…
Ultimus launches fund platform
Ultimus, the independent provider of fund administration, accounting, and investor solutions, has launched Ultimus Registered Alternatives Gateway, a platform for launching registered alternative funds. Ultimus Gateway provides a full-service operating and oversight model with vetted partners, designed to streamline the fund launch process, offering components that enable advisors to navigate regulatory requirements with greater ease.…