IQ-EQ, the Luxembourg-based financial services provider, has been appointed to provide fund services to Multiplicity Partners’ new Jersey expert fund, LTO Fund III LP. Multiplicity is an investment boutique specialising in providing liquidity to holders of private market funds and distressed assets. From its Jersey office, IQ-EQ will provide administration, regulatory, compliance, accounting, directorship, registered…
Category: Offshore
Kieger appoints Northern Trust to administer Lux funds
Kieger AG a Swiss-based asset manager, has appointed Northern Trust to provide fund administration, global custody, depositary and currency management services for its Luxembourg-domiciled funds. Founded in 2000, Kieger manages assets focused on healthcare, sustainability, private equity and multi-asset portfolios. Its Luxembourg funds are structured as SICAVs and FCPs.
James Gow joins Aztec as chief client officer
Aztec Group, the C.I.-based administrator, has appointed James Gow as chief client officer, a newly created role. He will lead the business development, marketing and client experience teams. He will sit on the Aztec group executive committee and will be based in the UK. Gow joins from JLL, the real estate firm, where he held…
WHEB AM appoints FundRock as ManCo for new ICAV
WHEB Asset Management LLP, a UK manager, has appointed FundRock Management Company S.A. as the ManCo for a new Irish-domiciled ICAV. FundRock will provide oversight of the delegated functions, risk and compliance monitoring, as well as distribution support services for the new structure and its sub-fund. FundRock already acts as the authorised corporate director for…
Apex hires Ross Webber as head of Bermuda
Apex has appointed Ross Webber as managing director, Bermuda, where the firm is headquartered. Webber reports to Georges Archibald, head of Apex Americas, working alongside Graham MacDonald, director of operations for the Bermuda office.
PAAMC mandates HSBC in Lux to service first UCITS umbrella fund
HSBC Luxembourg has been appointed by Ping An of China Asset Management (Hong Kong) Co., Ltd. to act as central administrator, depositary/trustee, transfer agent and custodian for its first UCITS umbrella fund, comprised initially of four sub-funds. In 2018 HSBC was appointed to service PAAMC’s first reserved alternative investment fund (RAIF) umbrella. The partnership with…
CACEIS to service EUR1bn PE fund for ArchiMed
CACEIS has been selected to service the new MED Platform I fund run by ArchiMed, a private equity firm specialising in the healthcare sector. The mandate covers depositary bank, custody, middle-office, fund accounting and financing services for the fund, which reached a EUR1bn final close.
TMF to acquire Selectra ManCo in Luxembourg
TMF Group and Farad Group have signed an agreement for the acquisition of Selectra Management Company by TMF Group from Farad Group. Completion of the transaction is subject to regulatory approvals from the Commission de Surveillance du Secteur Financier. Selectra is a regulated management company based in Luxembourg, servicing both AIFs and UCITS.
Ocorian to acquire Newgate Compliance
Ocorian, the C.I.-based administrator, is to acquire Newgate Compliance, a UK-based compliance consultancy and hosted regulatory solutions provider for funds clients. The deal is subject to regulatory approval.
Itau USA Asset Management consolidates with SS&C GlobeOp
Itaú USA Asset Management has selected SS&C GlobeOp as its fund administrator. IUAM is the U.S. investment management arm of Itaú Unibanco, Brazil’s largest non-government bank. SS&C will provide fund administration, including full middle and back office services, investor services, performance analytics, regulatory compliance assistance and risk-related services for Bank Itaú’s Cayman-domiciled funds.