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.
Category: Independents
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…
Intertrust hires Edwin Chan as head of UK funds bus dev
Intertrust has appointed Edwin Chan as head of UK funds business development. Chan joins from DMS, and has also worked at Northern Trust and SS&C.
NES Financial launches admin service for 1031 DST managers
NES Financial, the Silicon Valley-based specialist administrator, has added a new, purpose-built fund administration service to its current lineup of EB-5, 1031 exchange, private equity and opportunity zone offerings. The 1031 Delaware Statutory Trust (DST) administration solution uses NES Financial’s eSTAC administration technology to provide security, transparency, and compliance to DST managers and their clients.
NES to service InvestNewMexico’s OZ fund
NES Financial has been appointed to provide OZ fund administration services to InvestNewMexico.us (INM), a New Mexico–based partnership focused on affordable and sustainable housing, agriculture, film, technology transfer and emerging media industries. This follows NES’s recent announcement that it is now servicing 50 OZ funds.
Ocorian hires Maurice Okolo to lead west Africa bus dev
Ocorian, the C.I.-based administrator, has appointed Maurice Okolo as a business development director, operating from Lagos, Nigeria. He will lead business development across west Africa. He joins from Elixir Asset Management.
Ocorian authorised to act as AIF depositary in Lux
Ocorian, the C.I.-based administrator, has received authorisation to act as a depositary to alternative investment funds in Luxembourg. Ocorian already offers depositary services in UK and Jersey.