Société Générale Securities Services has confirmed that it will no longer offer fund administration services to UK-domiciled funds. SGSS will continue to service offshore-domiciled funds of UK managers through its operations in Ireland and Luxembourg.
Category: Offshore
Coremont and Carne launch Luxembourg UCITS platform
Coremont, the UK-based provider of portfolio management technology and outsourced services to investment managers, and Carne Group, which claims to be the industry’s largest third-party fund management company, have launched Coremont Investment Fund. The fund is a UCITS-compliant SICAV, incorporated in Luxembourg, providing investment managers with a gateway to raising assets from institutions globally.
Alter Domus to add 100 jobs in Ireland
Alter Domus, the Luxembourg-based provider of corporate solutions for the alternative investment industry, has announced the creation of 100 new jobs at its European centre of excellence in Cork, Ireland. From Cork, Alter Domus operates a European hub for global private debt, private equity, real estate and infrastructure investors and managers.
IQ-EQ to service new fund for Premico
IQ-EQ, the Luxembourg-based administrator, has been appointed to administer the latest fund of Finnish real estate investment and development firm, Premico. This new fund, Premico Carbon Neutral Residential Fund I, is the first residential fund in the Nordic region focused on constructing sustainable residential buildings with low carbon footprints. Premico is targeting EUR200m with a…
Finian Power joins Prescient in Ireland
Prescient Fund Services (Ireland) Limited, an independent provider of ManCo, UCITS and AIFMD platform and fund administration services, has appointed Finian Power as head of investment manager oversight, based in Dublin. He joins from DMS Governance. Prescient’s Irish business recently reachedUSD4bn AuA across its traditional and alternative UCITS and AIFMD platform businesses.
Apex adds four seniors to corporate solutions business
Apex has made four senior appointments in its corporate solutions business. Frank de Wit joins Apex as head of corporate solutions Luxembourg, Claudia Bolanos as head of corporate services, APAC, based in in Hong Kong, and Stephen Reilly, head of corporate solutions, Jersey and Alice Read, commercial director, corporate solutions, both join Apex in Jersey.…
BNY Mellon appoints Paul Kilcullen as Ireland country head
BNY Mellon has appointed Paul Kilcullen as country head for Ireland. Kilcullen joined in 2020 from Citi as CEO of fund services. He replaces Joe Duffy, who continues in his role as head of global client management for EMEA.
Aztec supports Highland Europe’s latest fund launch
The Aztec Group, a C.I.-based fund and corporate services provider, has supported Highland Europe with the fundraising activities and final close of its latest fund, Highland Europe Technology Growth IV Limited Partnership. The fund closed with commitments totalling EUR700m. Aztec Group will provide ongoing administration and accounting services from its Jersey office.
Zephyr selects SS&C for new Bermuda fund
Zephyr Management, a U.S.-based manager, has selected SS&C to support its upcoming Bermuda fund launch. Zephyr will manage its modelling, trading and order management with SS&C Eze Eclipse. Additionally, SS&C will automate Zephyr’s investor experience, including digital investor onboarding via SS&C e-Investor. SS&C CORE-Sightline will enable regulatory reporting and data management.
Crestbridge hires Tim Ridgway for governance services
Crestbridge, the C.I.-based provider of corporate and fund services, has appointed Tim Ridgway as a director in the governance services team. Based in Jersey, he will act as a fiduciary for alternative investment funds and fund management firms, with responsibility for the management and oversight of client structures. He joins from Bletchley Park Asset Management,…