Category: Offshore

Arcmont Asset Management, the Nuveen-controlled European private debt asset management firm, has received regulatory approval from the UK’s Financial Conduct Authority to launch a long-term asset fund (LTAF), with Carne Global Fund Managers (UK) Ltd as the LTAF’s Authorised Corporate Director.

CACEIS now offers broker-dealers, market makers and banks the opportunity to trade on the ARTEX trading venue, with support from CACEIS’ clearing & settlement services. ARTEX is a multilateral trading facility on which shares in world-famous, iconic works of art are traded. The shares in the artworks are tradable and transferable securities just like all…

Berenberg, one of Europe’s oldest privately owned banks, has appointed BNP Paribas to provide depositary bank, transfer agency, listed derivatives clearing, and OTC derivatives services in Germany and Luxembourg. This new mandate expands Berenberg’s long-term partnership with BNP Paribas, which already includes local clearing, settlement, and custody services across multiple markets. The mandate covers Berenberg’s…

DTOS Ltd, a corporate service provider within the Mauritius International Financial Centre, has selected the PAXUS fund administration system for its third-party accounting operations. DTOS has opted for a full SaaS PAXUS-CLOUD deployment model. PAXUS is provided by PFS, a subsidiary of Apex.

BNP Paribas has been mandated by Flossbach von Storch, one of Europe’s leading independent asset managers with >EUR 70bn (USD76bn) AuM, to provide services including global custody, fund accounting, and transfer agency for its UCITS funds in Germany and Luxembourg, covering >EUR 50bn (USD54bn) in assets.

Partners Group has appointed Northern Trust to provide fund accounting, transfer agency, depositary and corporate secretarial services for its new European Long Term Investment Fund (ELTIF)-compliant Private Equity Evergreen Fund, structured as a Luxembourg-domiciled SICAV. Based in Switzerland, Partners Group is a private markets firm with USD147bn AuM.

NAV Fund Administration Group, a provider of fund administration services to alternative asset managers, has launched NAV Fund Services (Ireland) Ltd., authorised by the Central Bank of Ireland to provide fund administration services, including fund accounting and transfer agency, in Ireland. NAV Fund Services (Ireland) Ltd. is headed by CEO Ray Murphy, joining from IQ-EQ.