EFA, ODDO BHF, Smart Lenders AM and Pledg have launched the SLAM Cash Advance FCT fund. EFA and ODDO BHF have been selected by Smart Lenders AM to organise the launch of SLAM Cash Advance FCT (Fonds Commun de Titrisation). This fund aims at acquiring and financing receivables sold by Pledg, a French fintech in…
Category: Offshore
Alter Domus acquires Beechbrook’s AIFM in Ireland
Alter Domus, the Luxembourg-based provider of services for the alternative investment industry, has launched AIFM and depositary services in Ireland. The launch follows approval by the Central Bank of Ireland for the acquisition of Beechbrook Capital’s Irish AIFM, and authorisation for Alter Domus’ depositary services.
Carne hires Patrick O’Brien as head of Ireland bus dev
Patrick O’Brien has joined Carne Group, the world’s largest third-party ManCo, as head of business development for Ireland. O’Brien spent two years at Intertrust, most recently as global head of client development, and has also worked at Citi and J.P. Morgan. Earlier this year, Carne secured a EUR100m investment from Vitruvian Partners.
WHEB expands relationship with FundRock
FundRock, a European third-party UCITS ManCo and AIFM that is owned by Apex, has expanded its relationship with sustainable impact investor WHEB Asset Management LLP to provide distribution services through FundRock Distribution S.A. In an extension of FundRock’s existing role as ManCo for WHEB’s Irish ICAV and ACD for WHEB’s Sustainability OEIC, WHEB has appointed…
BNY Mellon to provide European TA services for Invesco
BNY Mellon has been appointed by Invesco Fund Management Limited and Invesco Management S.A. to provide transfer agency services to USD100bn of their respective ICVC and SICAV fund ranges. BNY Mellon already provides custody and fund administration services for the two fund ranges, which are domiciled in the UK and Luxembourg respectively. In addition, BNY…
Intertrust appoints Jon Barratt as Cayman MD
Intertrust has appointed Jon Barratt as MD of its Cayman business. He was previously MD of its Singapore operation.
Ocorian hires Mike Hughes as global head of service lines
Ocorian, the C.I.-based administrator, has appointed Mike Hughes as global head of service lines. In his new role, Hughes has ultimate responsibility for all client segments and will also join Ocorian’s ExCo. He was previously global head of J.P. Morgan’s global custody product.
Vistra appoints new head of Netherlands
Vistra, the Singapore-based provider of administration and corporate services, has appointed Nicole van Bunge as country managing director for the Netherlands. She joined Vistra Netherlands as head of business development in 2016.
CSC secures Irish depositary licence
CSC, a U.S.-based service provider, has secured a specialised depositary licence from the Central Bank of Ireland. This follows CSC’s Irish fund administration licence in 2020. CSC anticipates fund administration and depositary licenses in Luxembourg will follow shortly, which will complement existing service offerings in Ireland and the Netherlands.
Catalyst hires Danielle Faul
Catalyst, the Cayman-based start-up administrator, has hired Danielle Faul as manager, digital fund services. She joins from Harmonic Fund Services, a Cayman-based independent financial services firm specialising in alternatives.