Gen II Fund Services has appointed Richard Browne as head of client service – Luxembourg. He joins Gen II having most recently served as deputy CEO and head of private asset fund administration at Credit Suisse Fund Services Luxembourg. The appointment follows the recent completion of Gen II’s acquisition of Crestbridge’s private equity and real…
Year: 2024
BNY Mellon hires from J.P. Morgan
BNY Mellon has hired Sid Patel from J.P. Morgan as a senior director in the asset servicing business development organisation. Patel, who has also worked at BBH, is based in Boston.
Vistra gets CBI green light
Vistra, the Asia-based business services provider that merged with Tricor in 2023, has secured authorisation from the Central Bank of Ireland to provide fund administration services from Ireland. To support the expansion of Vistra’s global fund administration network, Vistra Funds Services (Ireland) has appointed Aimee Gill as CEO and head of fund accounting, Paul McDonald…
Symphony expands into ME
Symphony, the markets infrastructure and technology platform provider, has opened a commercial office in the Middle East. The new office will be located in the Abu Dhabi Global Market.
NTRS wins Cornerstone FTM mandate
Cornerstone FTM, a fintech-focused investment fund, has selected Northern Trust and its strategic partner, Equity Data Science (EDS), for the Research Management System (RMS) and Portfolio Construction solutions. Cornerstone will also leverage Northern Trust’s custody and hedge fund administration services, and data visualisation and ingestion capabilities from EDS. RMS and Portfolio Construction are data-driven tools…
BK appoints Japan country head
BNY Mellon has appointed Kunio Watanabe as Japan country executive and representative for its Tokyo branch. He is responsible for leading the BNY Mellon business in Japan and will be a member of the Asia Pacific Leadership Council. He joins from Nomura, where he most recently held the role of executive chairman of Nomura Holding…
New Silk Road outsources trading
Northern Trust has been selected to provide outsourced trading via its Integrated Trading Solutions (ITS) for New Silk Road Investment Pte Ltd., a Singapore-based investment manager. In addition to the new mandate for trading services, Northern Trust continues to provide global custody services for New Silk Road funds, which it has done since 2011.
CIBCM partners with Duco
CIBC Mellon has formed a strategic collaboration with Duco, a SaaS provider of AI-powered data automation. By leveraging Duco’s advanced capabilities, CIBC Mellon aims “to lower operational risk, streamline processes, and empower finance and operations teams”.
Oak hires MD for Mauritius
Oak Group, a C.I.-based provider of international funds, private client and corporate services, has appointed Zoubeir Khatib as managing director, Mauritius. He previously led the business development unit for Apex in Mauritius and Africa. He replaces Paul Schreibke as he approaches retirement.
TMF gets green light from CBI
TMF Group Fund Operations (Ireland) Limited, part of the TMF Group, a Netherlands-based provider of compliance and business administration services, has received authorisation from the Central Bank of Ireland to offer fund administration and transfer agency services to alternative funds. The licence comes after the acquisition of Goodbody Fund Management, the AIFM and ManCo division…