The Carlyle Group has appointed U.S. Bank to provide middle office and financial reporting services for its CLO portfolio, comprised of more than 50 U.S. and European CLOs. This dual mandate expands U.S. Bank’s current service offering with Carlyle. The Carlyle Group manages more than USD25bn in CLOs in the U.S. and in Europe.
Category: Alts
Ocorian hires Nick Bland as head of UK client services
Ocorian, the C.I.-based administrator, has appointed Nick Bland as head of UK client services. Based in London, he will manage client service delivery to corporate and institutional clients, private clients, alternative investment funds and corporate trust clients. He joins from Deutsche Bank.
Aztec Group to administer two new VC funds for Lakestar
Aztec Group, the C.I.-based administrator, has supported the European venture capital specialist firm, Lakestar, with the closing of Lakestar III and Lakestar Growth I funds. Lakestar III closed with commitments of EUR252m, whilst Lakestar Growth I raised a total of EUR426m. Aztec’s private equity team in Guernsey will provide ongoing administration and accounting services.
BNP Paribas to act as depositary for new FII SGR PE fund in Italy
BNP Paribas Securities Services has been selected by Fondo Italiano d’Investimento SGR (FII SGR) to provide depositary banking services to its Fondo Italiano di Minoranze per la Crescita, a new private equity fund dedicated to minority investing. FII SGR was created in 2010 at the initiative of the Italian Ministry of Economy and Finance and…
HSS in India launches DerivEasy for F&O trade management
HSBC Securities Services in India has launched DerivEasy, a web platform that will allow HSBC’s institutional investors to get access to near real-time information on their futures and options trades. DerivEasy aims to simplify the trade validation process, whilst supporting investors in monitoring of margin requirements on existing and prospective trades, collateral utilisation, and position…
Citco hires Connie Tirondola as head of real assets for North America
Citco Fund Services has appointed Connie Tirondola as head of real assets for North America. She reports to Barbara Flusk, head of real assets. Tirondola joins from CBRE. Prior to CBRE, she was global head of real estate fund accounting at BlackRock.
Aztec hires Eva Devine as head of depositary services in Lux
Aztec Group, the C.I.-based administrator, has appointed Eva Devine as head of depositary services in Luxembourg. She joins from European Depositary Bank, and has also worked at Deutsche Bank and BNY Mellon.
Kingdom Trust launches crypto retirement account
Kingdom Trust, a South Dakota-based custodian bank that has >USD13bn AuC, has launched a retirement account that supports legacy, alternative, and crypto assets. The launch of the account – Choice – follows the acquisition of Choice Holdings, a digital asset-focused retirement account provider. Kingdom Trust already backs more than 100,000 retirement accounts and provides custody…
DBAG appoints Aztec to service new Guernsey-domiciled PE fund
Deutsche Beteiligungs (DBAG), a German private equity manager, has appointed Aztec Group, the C.I.-based administrator, to provide administration, accounting and investor services for its latest fund, domiciled in Guernsey with commitments of EUR1.1bn. Aztec will also act as the fund’s depositary from its UK office.
SANNE appoints Matthew Pykstra as head of SA ManCo
SANNE, a UK-based provider of alternative asset and corporate business services, has promoted Matthew Pykstra to director and head of its ManCo in South Africa. He takes over from Karlien de Bruin, who is transitioning to SANNE’s product development team with a focus on ESG. The ManCo has also appointed Leza Stinton to the role…