CSC, a U.S.-based provider of corporate services, has signed a definitive agreement to acquire TCS-Groep, a Netherlands-based administrator for alternative investment funds. TCS, which has 26 staff, offers fund administration and depositary services for alternative asset managers with a focus on real estate, private equity, private debt, and social impact funds, with AuA of EUR6.5bn…
Category: Independents
Citco takes stake, expands relationship with Solovis
Citco has expanded its partnership with Solovis, the multi-asset class portfolio management, analytics and reporting platform for asset owners and allocators. The partnership with Solovis covers business, technology and services and includes an equity investment in Solovis. Citco says this will enhance the performance reporting and analytics services provided by its recently launched institutional services…
Daiwa AM hires Lemanik as ManCo for Lux UCITS funds
Lemanik Asset Management, a third-party management company, has been appointed by Daiwa Asset Management to provide ManCo services for a newly launched range of Luxembourg UCITS funds. RBC was recently appointed as custodian and administrator for the funds.
IQ-EQ hires in Cayman, Japan
Two appointments at IQ-EQ, the Luxembourg-based administrator. Hiroki Allen joins the Tokyo office as director, funds for Japan. He was previously at Bloomberg and has also worked at BNY Mellon. Tedrick Green has joined the Cayman Islands business as client director. He was previously at Walkers.
SANNE appoints country heads for Hong Kong & UK
SANNE, the C.I.-based provider of alternative asset and corporate services, has appointed Wendy Cheng as country head for Hong Kong and Chris Warnes as country head for the UK. Both are internal appointments.
Paloma Partners hires SS&C GlobeOp for fund services
Paloma Partners, a U.S.-based hedge fund manager, has appointed SS&C GlobeOp for fund accounting, administration and regulatory services, using SS&C Geneva as the general ledger accounting platform. Paloma manages approximately USD4.8bn.
SS&C changes Eze leadership team
SS&C has made changes to the SS&C Eze organisation and executive leadership team. Michael Hutner, currently global head of sales, will lead the business as general manager of SS&C Eze. Under the new structure, Hutner will report to Robert Roley, senior vice president, SS&C. He replaces Jeff Shoreman, who is leaving the company. Additionally, Mike…
Ocorian hires Lynda O’Mahoney in Dubai
Ocorian, the C.I.-based administrator, has hired Lynda O’Mahoney as a director in Dubai. She will focus on private clients, corporates, asset managers, institutions and government entities across the GCC countries. She joins from Apex Group and has lived in Dubai for over 16 years.
Apex wins RE admin mandate for Assembly in Australia
Apex has been appointed by Assembly Funds Management and AMAL Trustees to provide fund administration services for the Australian Diversified Property Fund 1. The fund was launched with an initial AUD150m (USD100m). Assembly will pursue real estate investment opportunities across Australia and New Zealand, targeting a range of property assets including office, logistics, residential and…
Felix Deng to run new Shenzhen office for Intertrust
Intertrust has opened a new office in Shenzhen. Intertrust already has 230 professionals across Hong Kong, Shanghai, Beijing and Guangzhou. Felix Deng, associate director of business development at Intertrust China in Shanghai, will oversee the Shenzhen office and lead the team there.