05AUG19: Oak and Fairway Group, both C.I.-based administrators, plan to merge. Fairway is an owner-managed fiduciary business with over 100 employees offering trust, corporate, fund administration and pension services in Jersey. Oak, a private client, corporate services and fund administration business, has its HQ in Guernsey, with offices in the Isle of Man, Jersey, Luxembourg,…
Richard
NES Financial to service Resolute’s energy funds
05AUG19: NES Financial, the Silicon Valley-based administrator, has been selected by Resolute Capital Partners as the third-party administrator for the firm’s energy asset funds.
Lisa Crawley joins Alter Domus as COO
05AUG19: Lisa Crawley has been appointed chief operating officer of the Luxembourg-based Alter Domus Group. She will be responsible for Alter Domus’ operations globally, reporting directly to Aidan Connolly, CEO. Before joining Alter Domus, Crawley was director of business support at Worldpay in the UK.
Nickolaus Darsch joins Ultimus from SS&C
31JUL19: Nickolaus Darsch has joined Ultimus Fund Solutions as senior vice president, business development. Prior to Ultimus, he held multiple roles within SS&C Technologies (including predecessor firms DST Systems, ALPS and Boston Financial Data Services) in sales, strategic relationship management, product and research groups.
Citi merges equities with PFSS business
30JUL19: Citi is merging its equities and prime, futures and securities services business lines. The motivation, in part, is in reaction to increasing client demand for end-to-end solutions supporting pre-trade, execution and post-trade. The new organisation – Equities and Securities Services (ESS) – will include broad trading and execution capabilities for electronic and complex structured…
UAE-based Introspect Capital appoints Northern Trust
29JUL19: Dubai-based asset manager Introspect Capital has appointed Northern Trust to provide global custody and brokerage services. Founded in 2017, Introspect Capital invests primarily in equities across the Middle East, North Africa and South Asia.
IQ-EQ buys Peru & Partners
29JUL19: IQ-EQ (formerly SGG Group), the Luxembourg-based administrator, has acquired Peru & Partners, a Paris-based consulting firm and fund administrator dedicated to the private equity market. The acquisition adds to IQ-EQ’s existing Paris-based business, Equitis. Established in 2009 by its principal, Sebastien Peru, the business will add fund administration, CFO services, GP and portfolio company…
JFSC fines SANNE GBP350K
29JUL19: The Jersey Financial Services Commission has fined SANNE, the C.I.-based administrator, GBP381,010 (USD470,000) for regulatory failings relating to SANNE Fiduciary Services Ltd. No party suffered losses as a result of the breach.
Northern Trust launches agency options trading desk
25JUL19: Northern Trust has established a dedicated options trading desk within its institutional brokerage business. The Chicago-based options desk provides institutional clients globally with options trading and streamlined reporting for prime brokerage. Options trading at Northern Trust is offered through an agency model with no principal trading operation. Northern Trust executes more than USD350bn notional…
Walk This Way – the legacy of Harry Samuel at RBC I&TS
24 July 2019: It is seven years since RBC paid around USD1bn to unwind itself from the investor services joint venture with Dexia that it struck in 2005. Business schools could probably put together a very entertaining case study about the RBC Dexia deal, and the many teachable moments that it yielded. For us, however,…