Formidium, a U.S.-based provider of fund services and back-office technology solutions, has launched Razor State Consulting. Razor State addresses back-office pain points by providing businesses with financial accounting and operations support. Razor State’s services fall broadly under two categories: accounting and services for fund management companies (ManCo services), and corporate accounting and services for pre-IPO…
Year: 2023
CACEIS wins Ireland ETF mandate
CACEIS has been appointed by Investlinx Investment Management to provide depositary, custody, fund administration and execution services for Investlinx ICAV, a recently launched Irish UCITS ETF. The Investlinx ICAV will also deploy CACEIS’ ETF solutions and tools, including TEEPI ETF, a dedicated AP order portal.
Altum hires Helena Morrissey as chair
Altum Group, a C.I.-based provider of fund, corporate, and family office solutions, has appointed Baroness Helena Morrissey DBE as its new group chair. Morrissey, a well-known figure in the investment management industry, has served in several leadership roles throughout her career, including 15 years as CEO of Newton Investment Management. She is currently chair of…
SS&C hires Euan Mcleod
Euan Mcleod has joined SS&C as head of transfer agency for Asia Pacific. He previously spent 10 years at State Street in Hong Kong.
Ultimus supports funds transition
Ultimus Fund Solutions has supported the transition of the James Advantage Funds’ fund administration functions from another provider. James Investment Research, the adviser to the James Advantage Funds, selected Ultimus as the fund administrator for its four mutual funds. Ultimus is now providing services encompassing financial administration, legal administration, fund accounting, transfer agent, and distribution.
BNPP wins EUR1.3bn Dutch mandate
BNP Paribas’s securities services business has been mandated by Coöperatie Univé U.A., based in the Netherlands, to provide investment and financial administration, regulatory reporting and global custody services for its EUR1.3bn (USD1.4bn) of global assets. Univé is a cooperative insurance company offering auto, home and health insurances to its 1.6 million members.
Apex launches ESG DaaS platform
Apex has launched an ESG data as a service platform for the private markets. Apex has been collecting, verifying and examining private market ESG data from more than 400 GPs, and 1,500 portfolio companies in more than 45 countries since 2019, compiling a proprietary and verified ESG database for benchmarking performance. The database will include…
DZ Bank selects Metaco
Metaco, the Switzerland-based digital assets platform provider, has signed a deal with DZ BANK AG, the central institution of the Volksbanken Raiffeisenbanken cooperative financial network, one of the largest banking groups in Germany. DZ BANK has AuC of EUR297bn (USD315bn). Metaco’s custody and orchestration platform, Harmonize, was selected by DZ BANK after an extensive proof-of-concept…
LemonEdge appoints CTO
LemonEdge, the UK-based platform provider for private markets fund and portfolio accounting, has promoted Angus Armstrong to chief technology officer. He was previously development director.
Ocorian hires head of funds BD
Ocorian, the C.I.-based administrator, has appointed Paul Spendiff as head of business development, global funds. He joins from FundRock, an Apex company, where he was global head of strategic development.