HUB, the fintech that is partly backed by State Street, has won a mandate from Acer Tree Investment Management for HUB NAV Oversight, a SaaS solution designed to optimise and automate NAV processes. Acer Tree, a mid-sized UK-based asset manager specialising in alternative investments, will leverage HUB NAV Oversight to streamline its NAV oversight process.
Richard
Allvue acquires PFA
Allvue Systems, LLC, a provider of alternative investment solutions, has acquired PFA Solutions LLC, a provider of compensation and carried interest software solutions for firms across private equity, private debt and venture capital. PFA’s flagship product, FirmView, combined with Allvue’s platform, will help CFOs and finance teams streamline fund operations and accounting workflows.
Apex appoints CPO
Apex has appointed Zion Hilelly as its new chief product officer, based in New York. Hilelly will lead the transformation of the product team, focusing on driving product innovation, accountability and P&L. Prior to joining Apex, Hilelly was the head of operations and managed services within S&P Global. Hilelly is BlackRock veteran, having worked at…
Komainu raises USD75m
Komainu, a C.I.-based digital asset services provider and custodian backed by Laser Digital, a Nomura company, has raised USD75m from Blockstream Capital Partners, subject to relevant regulatory approvals. The funding enables Komainu to accelerate its international strategic growth plans whilst adopting and integrating technologies developed by Blockstream Corporation Inc to maximise efficiencies and enhance client…
Imperium hires head of UK funds
Imperium, the C.I.-based administrator, has appointed Gareth Davies as managing director, UK funds, based in London, He was previously at Waystone.
Langham Hall hires for Lux
Langham Hall, the UK-based administrator, has added two senior managers in Luxembourg. Ian Kent joins from State Street as head of fund administration – Luxembourg, and Brian Campion comes in from CSC as head of commercial – Luxembourg.
UI hires new head of Lux
Universal Investment Group (UI), the Germany-based fund services platform and Super ManCo, has appointed Jeremy Albrecht as its new CEO for Luxembourg. In this role, he will be responsible for heading UI’s Luxembourg platform, which consists of both UI Luxembourg, the largest AIFM and third party ManCo in Luxembourg, and fund administrator UI efa. He…
Platinum goes to NTRS
Northern Trust has been appointed by Sydney-based Platinum Asset Management to provide comprehensive asset servicing solutions across its Australian funds. Platinum Asset Management focuses on global equities and has approximately AUD11bn (USD6.8bn) AuM. Under the terms of the new mandate, Northern Trust will provide custody, fund administration, regulatory reporting, investment operations outsourcing, ETF administration and…
CACEIS wins Lincs mandate
The Lincolnshire County Council Pension Fund has selected CACEIS and the CACEIS Pensions Centre to provide custody, accounting and performance services as part of a GBP3.5bn (USD4.3bn) mandate. CACEIS Pensions Centre is a dedicated administration hub backed by technology platform SimCorp Dimension. This end-to-end solution will provide Lincolnshire County Council Pension Fund with administration capabilities,…
CIBCM deploys ActiveOps solution
CIBC Mellon is advancing its fund accounting operations through the deployment of ControliQ, an ActiveOps solution. ActiveOps specialises in decision intelligence, aimed at providing data to support the efficiency and decision-making capabilities of service operations. ControliQ is part of its product suite, focusing on operational performance management and providing AI-driven insights to help teams improve…