TMF Group, a Netherlands-based provider of compliance and administrative services, has appointed Ann Cairns as chair of the TMF Group Supervisory Board.
Month: May 2023
Participant Capital expands with Apex
Participant Capital Advisors, LLC, a U.S-based real estate investment fund manager. has appointed Apex to provide fund administration services for its latest U.S. fund, the Participant Capital Sun Belt Multifamily Development Fund I. The fund is targeting USD250m in capital commitments. Apex was initially appointed in 2022 to provide fund administration services to Participant Capital’s…
EFA rebrands to…efa
European Fund Administration, the Luxembourg-based administrator that was acquired by Universal Investment in 2022, has rebranded to efa.
BNY Mellon appoints chief auditor
BNY Mellon has appointed Joseph Pizzuto as chief auditor, responsible for leading the company’s internal audit group. He will be a member of BNY Mellon’s ExCo. Pizzuto was previously at General Motors, and has also worked at GE Capital and Citibank.
State Street hires global head of agency SL
Patricia Hostin has been appointed as global head of agency securities lending at State Street. Hostin will report to Gino Timperio, global head of financing solutions. Hostin joins from BlackRock, where she was most recently managing director for its financial resource management, where she executed the firm’s global strategy for optimising capital and balance sheet…
Suntera to acquire in Guernsey
Suntera Global, the C.I.-based administrator, plans to acquire Carey Commercial Limited, a Guernsey-based fund, corporate and private wealth services provider. With 80 employees, Carey currently provides professional, administrative and accounting services to a portfolio of fund managers, institutions, UHNWs and family offices. The deal is subject to regulatory approval.
Alter Domus acquires CLO specialist
Alter Domus, a Luxembourg-based provider of fund administration, debt capital markets, and corporate services for the alternative investment industry, has acquired Solvas, a loan and debt servicing software platform, from Deloitte. Solvas serves asset managers and trustee participants in the collateralised loan obligation (CLO) markets internationally and offers accounting, modelling, and credit risk solutions. Most…
Gryphon selects Mfact
Gryphon Fund Group, a U.S.-based fund administration firm with USD6bn AuA, has selected Linedata Mfact for fund accounting, NAV calculation and reporting.
DB hires in Malaysia
Deutsche Bank has appointed Sylvia Beh as CEO of its Malaysia trustee business. She will lead the Malaysian fund services business, reporting to Richard Lim, head of securities services Malaysia.
BBH to service Schroders ELTIF
Brown Brothers Harriman has been selected by Schroders Capital as central administrator and depositary bank for the launch of its first European Long-Term Investment Fund (ELTIF). Peter Arnold, COO of Schroders Capital, said: “We believe that a wider range of investors should have access to the opportunities that private assets can offer. BBH’s ability to…