Ballybunion Capital Limited and INDOS Financial (Ireland) Depositary Limited, two firms acquired by JTC in 2021, have been appointed to provide AIFM and depositary services respectively to Adit Global Growth, ILP. The fund, which will be distributed across a number of European countries and the UK, is expected to raise up to USD50m.
Category: Offshore
Ocorian supports SilkRoad with new RE fund
Ocorian, the C.I.-based administrator, has supported SilkRoad Property Partners, a private equity real estate firm, with the first close of its Core-plus real estate fund at USD144m.
Komainu appoints new CEO
Komainu, a C.I.-based regulated institutional-grade digital asset custody services provider with >USD5bn AuC, has appointed Matthew Chamberlain as its CEO. For the past five years, Chamberlain has served as CEO of the London Metal Exchange, Komainu was founded in 2018 as a joint venture between Nomura, digital asset security firm Ledger, and digital asset investment…
HSBC appoints new Lux CEO
HSBC has appointed Emanuele Vignoli as the new CEO of HSBC in Luxembourg, subject to regulatory approval. He is currently regional head of global liquidity & cash management – UK & Europe International. He will succeed Niccolo Polli, recently promoted to head of strategy & planning Europe and chief of staff to the Europe CEO.
Apex appoints new Bermuda MD
Apex has appointed Keith Mahon as managing director, Bermuda. Established in 2003, Bermuda was the location of Apex’s first office. Mahon returns to Apex after a period of self-employment. Ross Webber, the previous incumbent, has left the company.
Catalyst hires MD for fund services
Catalyst, a Cayman-based administrator, has appointed Rossana de Maio as managing director – fund services. Based in Rio de Janeiro, Catalyst’s latest office, she will be responsible for developing and running the firm’s global fund services operations, covering five jurisdictions and accounting for over 150 clients with USD8bn AuA. She joins from the Bahia Group,…
Universal-Investment wins EUR4.5bn ManCo mandate
Universal-Investment has been appointed as the new ManCo for the Luxembourg fund portfolio of Switzerland’s Fisch Asset Management. The Fisch Umbrella Fund, with AuC of c. EUR4.5bn (USD5.1bn), covers 13 UCITS sub-funds which include corporate bond, convertible bond and absolute return funds. RBC Investor Services Bank remains responsible for fund administration, custody and transfer agency.…
IQ-EQ hires global head of transformation
IQ-EQ, the Luxembourg-based investor services provider, has appointed Frédérik Benoit as global head of transformation, a new role. Benoit, who will be based in Luxembourg, joins from Standard Chartered, where he was global head of fiduciary & fund services operations. IQ-EQ has recently been adding to its senior management team, with a new COO, CIO…
FundRock to support new RAIF for NRP MAM
FundRock, the Luxembourg-based third-party ManCo and AIFM owned by Apex Group, has supported the launch of NRP Maritime Asset Management’s (NRP MAM) Premium Maritime Credit Fund. FundRock will act as AIFM and deliver FX services via Apex Group subsidiary EDB. Premium Maritime Credit Fund, a Luxembourg-domiciled RAIF, reached first close in January 2022, raising USD110m,…
Ocorian hires regional head of fund services
Ocorian, the C.I.-based administrator, has hired Mary Bruen as regional head of fund services for its Jersey, Guernsey and Isle of Man offices. She joins from Link Group, and is based in Jersey.