Roel Langelaar has joined Aztec Group as head of corporate services in the Netherlands. He has also been appointed as managing director of the Netherlands office. Prior to joining Aztec, he spent five years as a managing director at VISTRA.
Richard
UNICEF seeks EOIs for cryptocurrency custody
UNICEF, the first UN organisation to accept, hold and disburse donations in the form of the cryptocurrencies, is seeking expressions of interest from cryptocurrency custodians for the provision of custodian services for cryptocurrencies contributed to UNICEF. Interested institutions should complete and submit the EOI form, which is available on the UNICEF website, by December 4,…
Apex launches ADGM ManCo
Apex, the Bermuda-based financial services provider, has launched LRI Investment Management Services (ME) Ltd. in the Abu Dhabi Global Market, following full regulatory approval by the ADGM Financial Services Regulatory Authority. LRI Middle East will offer third-party ManCo services to Qualified Investor Funds and Exempt Funds.
Prescient to administer PE funds for Thuso in South Africa
Thuso Incubation Partners (Pty) Ltd, a South Africa-based majority black-owned asset manager and incubation specialist, has selected Prescient Fund Services (Pty) Ltd as the fund administrator for its fund of private equity funds and associated incubation program. Thuso, which is backed by Ke Nako Capital, a South African-domiciled mid-market private equity specialist, was established in…
IQ-EQ supports Claret spin-out from Harbert
IQ-EQ, the Luxembourg-based provider of corporate and fund services, has supported the spin-out of Claret Capital Partners from Harbert Management Corporation, a U.S.-based manager focused on alternative assets, with approximately USD7.4bn AuM. This transaction sees Claret assume full ownership and control of the general partners of Harbert European Growth Capital debt funds, with >EUR400m (USD470m)…
BNY Mellon launches margin messaging through AcadiaSoft
BNY Mellon has launched MarginConnect, a margin messaging capability that gives greater control to buyside managers over the collateralisation of non-cleared derivatives. The service provides a direct connection to AcadiaSoft, BNY Mellon’s collateral management solutions partner. With this link, clients are able to generate collateral instructions within the AcadiaSoft ecosystem without having to separately create…
Socium and Eleven partner to improve end-investor experience
Socium Fund Services, a U.S.-based provider of fund administration services for alternative investment funds, has partnered with Eleven, a fintech specialising in the alternative investments industry, to release new technology that aims to transform how investments in private equity funds and hedge funds are made. The technology moves the fund subscription process to a three-way…
Daniel Hickey joins RBC as global head of network management
RBC Investor & Treasury Services has appointed Daniel Hickey as global head of network management, based in the UK. He joins from Barclays Bank, where he was head of EMEA network management. Hickey inherits a completely revamped network that was rationalised through a project known as Network 2.0, reducing the number of providers from 23…
MUFG Investor Services launches contingent NAV solution
MUFG Investor Services has launched cNAV, its contingent net asset value solution for mutual funds.
Pershing Square appoints Northern Trust for multi-domicile admin mandate
Northern Trust has been appointed to provide fund administration services for Pershing Square Capital Management, a New York-based manager with USD9.4bn AuM. Northern Trust will support Pershing Square’s funds domiciled in Guernsey, Cayman and Delaware