HGGC, a middle-market private equity firm, is to become the majority investor in Centralis, the Luxembourg-based alternative asset and corporate services provider. The deal is expected to close later in 2025, subject to customary closing conditions. Terms of the transaction were not disclosed.
Category: Offshore
IFDS to be restructured in Europe
State Street and SS&C Technologies plan to restructure the European component of their International Financial Data Services (IFDS) LP joint venture arrangement in Luxembourg and Ireland, following an almost 20-year collaboration. Under this plan, transfer agency services delivered by IFDS in Ireland and IFDS in Luxembourg will transition into each organisation’s respective operations. State Street…
Zedra appoints Cayman MD
Zedra, the European administrator, has appointed David Mungall as managing director of the Cayman Islands. Based in Grand Cayman, he was most recently head of fund administration, Cayman at Trident Trust.
Alchemy expands with NTRS
Alchemy Partners is expanding its relationship with Northern Trust to deliver asset servicing solutions for its latest special opportunities fund, Alchemy Special Opportunities Fund V L.P. (ASOF V). ASOF V surpassed Alchemy’s fundraising target, securing total commitments of c. EUR1bn (c. USD1.03bn). Based in London, Alchemy is a private equity firm specialising in investing in…
HUB wins new mandate
HUB, the fund services provider in which State Street has a stake, has been appointed by Gresham House Ireland to provide HUB Performance Reporting, a SaaS solution designed to automate and simplify performance reporting and factsheet production. Gresham House Ireland, an alternative asset manager, will use HUB to automate performance reporting, standardise factsheet generation, and…
Senior management changes at IQ-EQ
IQ-EQ has promoted John Legrand to the role of deputy group CEO. He was previously regional CEO, UK, Ireland and Crown Dependencies, having joined IQ-EQ in 2020. It has also hired Richard Surrency as group CCO, based in London. He was previously APAC CEO for Aviva Investors. He replaces Emma Crabtree, who has left the…
Zedra hires group CFO
Zedra, the European administrator, has appointed Tony DeBiase as group CFO. Based in Jersey, C.I., he joins from The Davies Group, where he held the role of group CFO for 12 years.
Northern Trust expands relationship with First Sentier
Northern Trust has been appointed to provide asset servicing solutions to Igneo Infrastructure Partners as its global private capital administration partner. Igneo manages USD20bn of assets. It is the direct infrastructure investment team of the First Sentier Investors Group, a major Northern Trust client. Northern Trust will deliver solutions servicing Igneo’s funds domiciled in Australia,…
Ocorian hires from BNPP
Colm O’Brien has joined Ocorian as head of EMEA sales – funds. Prior to joining Ocorian, he was global head of sales, alternatives, for BNP Paribas’ securities services business.
Lee Marshall joins JTC
JTC,, a C.I.-based provider of professional services, has appointed of Lee Marshall as managing director of JTC luxembourg s.a.