Gen II Fund Services, the specialist private assets administrator which has USD600bn AuA, has appointed Duncan Christie as head of operations and client services and a member of the executive committee in Luxembourg. He joins from IFDS in Luxembourg, where he was COO, responsible for operations, client service, business transformation, and research & development.
Category: Offshore
Ocorian to administer first Ivory Coast fund
Ocorian, the C.I.-based administrator, has been chosen as fund administrator for what is thought to be the first fund established in the Ivory Coast – ACMC. The fund is dedicated to the tourism and real estate sector in West Africa and is looking to capitalise on strong demand for tourism-related real estate and high-level residential…
Ocorian hires new head of global funds
Ocorian, the C.I.-based administrator, has hired Garrett Breen as head of global funds. Based in Dublin, he reports to Mike Hughes, Ocorian’s global head of service lines and business development. He joins from J. P. Morgan, where he led the hedge fund services business.
IQ-EQ appoints new CEO for Asia
IQ-EQ, the Luxembourg-based administrator, has appointed Michael Marquardt as regional CEO for Asia. He was previously COO of Zerobridge Partners.
Suntera to acquire NeoTrust in Lux
Suntera Global, the Isle of Man-based administrator, has made its second Luxembourg acquisition of the year. Following the acquisition of Reference Financial Services SA (Luxembourg), Suntera has now signed an agreement to acquire NeoTrust Fiduciary Luxembourg SARL, a fund and corporate services firm. With a team of 14 in Luxembourg, NeoTrust provides services to private…
EFA selects NeoXam’s Impress Regulatory Edition
EFA, the Luxembourg-based administrator with EUR140bn (USD166bn) AuA, has selected NeoXam’s Impress Regulatory Edition for regulatory reporting. The platform will be hosted by NeoXam as a Service. This decision expands the long-standing relationship between EFA and NeoXam, initiated with the adoption of the back-office investment accounting tool, NeoXam GP.
Argenta appoints EFA for reporting and monitoring services
Argenta Asset Management SA, a Luxembourg-based manager, has appointed EFA to provide UCITS risk reporting and sanctioned securities monitoring services.
Citi & Vistra to service Food Securities Fund
The Food Securities Fund, which provides working capital loans to sustainable agriculture companies in emerging and developing markets, has appointed Citi as the fund’s central administration agent and depository. Vistra, the Singapore-based administrator, will provide AIFM ManCo services from Luxembourg. The Food Securities Fund has been developed by Clarmondial, a Switzerland-based investment firm.
Apex appoints new CEO of Luxembourg fund services
Apex has appointed Frederic Bilas as CEO and member of the board of directors of Apex Fund Services in Luxembourg. The appointment is subject to regulatory approval. He joined Apex in 2020 as COO of the Luxembourg business.
China’s E Fund appoints HSBC to service Luxembourg UCITS
HSBC has been appointed by E Fund Management (Hong Kong) Co Ltd to provide servicing solutions for its existing Luxembourg UCITS. This expands HSBC’s servicing of E Fund’s current funds business beyond Asia, where HSBC acts as the depositary, custodian, transfer agent, fund administrator and corporate secretary of the E Fund Greater China High Dividend…