NES Financial, the Silicon Valley-based administrator, has been appointed to provide its Opportunity Zone fund administration solution to Synergy Financial, a real estate investment firm based in Boston.
Category: Independents
Link Fund Solutions appoints Peter Sipek as COO
Link Fund Solutions, the Australia-based administrator, has appointed Peter Sipek as its chief operating officer. He joins from SAS Trustee Corporation.
David Felcyn joins Ultimus as director of TA tech
David Felcyn has joined Ultimus Fund Solutions as the director of transfer agent technology. Felcyn will be responsible for the core TA technology and primary oversight of the Envision relationship, which is the technology that Ultimus uses for TA activity. Felcyn previously worked for U.S. Bank Global Fund Services, most recently as head of dealer…
Lemanik selected by E Fund HK as ManCo for Lux SICAV
E Fund Management (Hong Kong) Co., Limited has selected Lemanik Asset Management S.A. as the management company for its Luxembourg SICAV. The fund was launched in 2015. E Fund, the parent company of E Fund HK, was founded in 2001 and is headquartered in Guangzhou.
Atwater Capital appoints Socium as administrator
Socium Fund Services, a U.S.-based administrator focused on private capital, has been hired by Atwater Capital, LLC, a private investment firm that provides equity capital and debt financing in the media and entertainment sectors. Socium will provide operational and fund administration services.
TIG Advisors selects SS&C Geneva for portfolio accounting
Tiedemann Investment Group (TIG Advisors), a U.S.-based alternative investment advisor, has selected SS&C Geneva for portfolio accounting. TIG Advisors is also using SS&C Eze OMS for order management and compliance.
U.S. Bancorp to sell Quasar Distributors to Foreside
Foreside Financial Group, LLC, the U.S.-based provider of regulatory and compliance service and technology offerings to clients in the global asset and wealth management industry, intends to acquire U.S. Bancorp’s mutual fund and exchange-traded funds distribution business, Quasar Distributors. The transaction is expected to close in the first quarter of 2020. The acquisition will also…
Intertrust appoints Michael Moncarz to head Asia Pacific ops
Intertrust has appointed Michael Moncarz as managing director, operations for Asia Pacific, a newly created role. Prior to joining Intertrust, he was chief operating officer, Singapore branch, at Union Bancaire Privee.
FD Stonewater appoints CBRE as fund and property administrator
CBRE has been appointed as the fund and property administrator for FD Stonewater, a Washington, D.C.-based real estate brokerage, investment, development and asset management firm. CBRE’s accounting & reporting team will deliver integrated development, property and venture-level accounting and administration services for FD Stonewater’s U.S. investments.
Fidelity wins authorisation for NY state digital currency custody
The New York State Department of Financial Services (DFS) has granted a charter to Fidelity Digital Asset Services, LLC (FDAS) to operate as a limited liability trust company as part of the state’s virtual currency marketplace. DFS has authorised FDAS to provide a virtual currency custody and execution platform, on which institutional investors and individuals…