Apex has been appointed by True Green Capital Management LLC to provide fund administration and investor reporting solutions for its latest fund, True Green Capital Fund IV, L.P. Based in the U.S., TGC is a renewable energy infrastructure investment firm which, since 2011, has deployed over USD1.2bn of total capital across 14 U.S. states and…
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UI tops PwC ManCo rankings
The 2023 Observatory for ManCos, an annual report published by PwC Luxembourg, has confirmed that Universal Investment, the Germany-based administrator which claims to have EUR979bn (USD1.1trn) AuA, is the largest third-party ManCo with AuM of EUR 118.9 bn (USD128bn); and the largest AIFM, with AuM of EUR102.2bn (USD110bn).
DCV appoints Citi for international custody
Citi has been appointed as custodian of international securities for Depósito Central de Valores (DCV), the Chilean CSD. Transition of the assets has been completed. DCV holds >USD413bn of international assets.
SGSS hires sales director for France
David Lachkar has joined Société Générale Securities Services as institutional sales director for France. He previously spent nearly 13 years at CACEIS. Based in Paris, he reports to Stéphanie Gaudoux, SGSS head of coverage for France and Continental Europe.
Citi upgrades HK settlement
Citi has launched a fully automated settlement solution in Hong Kong. The proprietary technology connects directly to Hong Kong’s central clearing and settlement system (CCASS). The automation delivers more timely and enhanced settlement of client trades through the Hong Kong market depository.
Latin Leap appoints Apex
Latin Leap has appointed Apex to provide fund services for its venture capital fund. Latin Leap is a venture capital studio seeking to contribute to the Latin American economy through technology investments in regional early-stage start-ups and to soft-land purpose-driven technology companies in Latin America. It expects to invest USD25m in around 15 startups over…
First Eagle outsources recons
Arcesium, the fintech that is backed by J.P. Morgan, has been selected by First Eagle Alternative Credit, an alternative credit investment manager with USD21bn AuM, to provide its reconciliation solution. Arcesium’s capabilities are designed to enable FEAC to optimise its reconciliation procedures, bolster its operational efficiencies, and achieve further economies of scale.
TMF hires global head of cap markets
TMF Group, the Netherlands-based provider of compliance and administrative services, has appointed Cliff Pearce as global head of capital markets. Pearce joins from Intertrust, where he was global head of capital markets services. He reports to Daniel Max, head of global solutions.
Northern Trust launches A-Suite forum
Northern Trust has launched A-Suite, a forum for asset owners and allocators featuring the latest insights, research, and networking opportunities, A-Suite is an online community and content hub designed for asset owners to collaborate on the issues that matter most to them. In addition to providing access to custom content and proprietary research, A-Suite aims…
Saphyre adds to board
Saphyre, the pre- and post-trade fintech platform, has appointed FinTech AI CEO, Wolfgang Koester, to its board of directors. Koester was the former chief evangelist & global head of financial institutions at Kyriba and, prior to that, CEO and co-founder of FiREapps.