HSBC has appointed Fiona Horsewill as global head of securities services. Based in London, she will report directly to Patrick George, the recently confirmed global head of markets & securities services. She will also be a member of the M&SS executive committee. Horsewill was most recently at Citi, where she was global head of data…
Year: 2023
Northern Trust supports Dutch librarians
Northern Trust has been appointed by Dutch pension scheme, Stichting Pensioenfonds Openbare Bibliotheken (POB), to provide global custody and compliance monitoring services. Established in 1957, POB is a public sector defined benefit pension scheme dedicated to the library sector in the Netherlands, with approximately 25,000 members and EUR2.3bn (USD2.5bn) of assets. Margreet Teunissen, chair of…
Ultimus supports Hamilton with new alts fund
Ultimus Fund Solutions, a U.S.-based independent provider of fund administration, accounting, and investor solutions, has supported Hamilton Capital, a U.S.-based Registered Investment Advisor (RIA) with USD2bn AuM, with the launch of its first tender offer fund. Through its Dynamic Alternatives Fund, Hamilton Capital offers exposure to alternative investments for its accredited clients, without requiring substantial…
Waystone appoints ManCo CEO in Lux
Waystone, the Ireland-based specialist services provider which recently had a senior management purge, has appointed Denis Harty as CEO of its ManCo in Luxembourg. Harty was previously CEO of Alfa Asset Management and has also worked at Credit Suisse and J.P. Morgan.
Alter Domus wins Norwegian PE mandate
Alter Domus has supported Longship AS, a Norwegian-based private equity investor with a focus on the Norwegian lower-mid market, with the first and final closing of Longship Fund III. This follows the 2022 migration of the fund administration role for Longship Fund I and Longship Fund II to Alter Domus. Longship Fund III has closed…
IQ-EQ opens in Dubai
IQ-EQ has opened in Dubai, UAE, its first physical presence in the Middle East. The new office, located in the DIFC, brings Luxembourg-based IQ-EQ’s location count to 25 jurisdictions worldwide. IQ-EQ has received approvals from the DIFC and the DFSA to offer services to clients ranging from corporate businesses to ultra-high-net-worth individuals and family offices.…
Waystone sacks senior management team
Waystone, the Ireland-based provider of specialist services to the investment management sector, has abruptly parted company with Derek Delaney, CEO, Paul Cahill, COO, and Glen Magee, CFO. Waystone said: “Given our growth and the current scale of the business it was felt that the right thing for the company was to introduce new management to…
Pirum extends CoacsConnect functionality
Pirum, the UK fintech specialising in securities finance and collateral management, has extended its CoacsConnect network and enhanced functionality to fully automate income claims. CoacsConnect’s automated income claims service has 20 financial institutions automatically distributing, matching and paying income claims. The service enhancements allow the counterparts to receive fully automated status updates, exchange payment instructions…
Apex appointed by Hamilton12
Apex has been appointed by Hamilton12, an Australia-based manager, to support the launch of its new Australian Shares Income Fund. Apex will provide fund administration, transfer agency and custody, with K2 Asset Management Ltd acting as trustee to the fund.
CAF appoints BNPP for sec lending
Corporación Andina de Fomento (CAF), the development bank of Latin America and the Caribbean, has appointed BNP Paribas’s securities services business as agent lender for its USD1.3bn portfolio. In 2020, BNP Paribas supported the issuance of CAF’s Covid-19 recovery bond, and the selection comes as a result of a long-standing relationship between BNP Paribas and…