Accelex, a UK-based SaaS platform delivering alternative investment data management services, has been appointed by Star Mountain Capital, a lower middle-market investment firm. Star Mountain plans to use the Accelex platform to process long-form performance reports for both its invested fund portfolio as well as secondaries pre-deal opportunities. Star Mountain Capital provides strategic debt and…
Month: August 2022
DTCC launches 1042-S service
DTCC has launched a new service, the 1042-S Classification Announcement. The new offering will enable issuers to directly provide DTCC’s subsidiary, DTC, with IRS Form 1042-S tax withholding information on distributions prior to the payable date, lowering the amount of tax withheld on distributions for non-U.S. investors. DTCC collaborated with BlackRock and Citi’s securities services…
Apex expands compliance solutions for Singapore market
Apex has expanded its global compliance solutions services for the Singapore market, led by newly appointed Stefan Ho, head of compliance solutions, Singapore. The launch of compliance solutions in Singapore will help to address clients’ risks and concerns around ESG, climate and environmental risk, AML & compliance, and emerging technologies such as digital/crypto assets, and…
Gen II hires head of credit
Gen II Fund Services, LLC, a U.S.-based independent private capital fund administrator, has hired Michael Abatemarco as head of credit. He will lead the credit fund administration and credit middle office services business, which provides private credit fund clients with an end-to-end service model. Prior to joining Gen II, Abatemarco served as director, head of…
Northern Trust adds two seniors to NA bus dev team
Northern Trust has hired two senior managers from BNY Mellon to join its North American asset servicing business development team. Dean Marziarz will lead business development for Private Capital Fund Services, which provides middle- and back-office solutions for a range of alternative investment managers. He has more than 20 years of asset servicing experience at…
JTC launches fund admin in Ireland
JTC, the C.I.-based professional services provider, has launched its fund administration offering in Ireland to complement existing AIFM, depositary and corporate services. The business will be led by Graham Kennedy, CEO of JTC Fund Solutions (Ireland) Limited and follows Central Bank of Ireland regulatory approval. Following the acquisitions of Ballybunion Capital Limited and INDOS Financial…
Ocorian forms strategic client group
Ocorian, the C.I.-based financial services group, has formed a strategic client group under the leadership of Simon Behan, chief commercial officer. As previously announced, Jamie Gleeson has joined this group from SS&C, where he was head of EMEA hedge fund sales. James Kent has also joined, having spent more than 14 years at Northern Trust,…
BlackRock selects Coinbase for crypto
Coinbase has been selected by BlackRock to provide institutional clients of Aladdin, BlackRock’s end-to-end investment management platform, with direct access to crypto, starting with Bitcoin, through connectivity with Coinbase Prime. Coinbase Prime will provide crypto trading, custody, prime brokerage, and reporting capabilities to Aladdin’s institutional clients who are also clients of Coinbase. Built for institutions,…
Apex expands digital banking through EDB
Apex has expanded its digital banking services delivered by its Luxembourg-based subsidiary, European Depositary Bank. EDB’s digital banking platform offers a tailored solution for asset managers and SPVs, family offices, corporates, trusts and UHNWI. Clients can now open multi-currency accounts and manage their day-to-day transactions, including global payments, FX requirements and cash management through automated…
EDS appoints PB veteran to board
Equity Data Science, an investment process management software provider that delivers insights and productivity tools to hedge funds and asset managers, has announced that Ed Keller has joined the firm’s board of directors. Keller recently retired after 28 years at Morgan Stanley as a managing director and the global head of prime brokerage. Northern Trust…