NES Financial, the Silicon Valley-based administrator, has been appointed by Arctaris Impact Investors, a Boston-based investment firm, to provide Opportunity Zone fund administration services.
Category: Alts
IQ-EQ acquires Blue River Partners in U.S.
IQ-EQ, the Luxembourg-based administrator, has acquired Blue River Partners, a U.S. provider of fund services to alternative asset managers. The newly combined IQ-EQ U.S. operation will total 200 people in the U.S. as a result of this transaction. Founded in 2009, Blue River services more than 400 clients across the U.S. and employs approximately 180…
BP2S promotes Pat Hayes to global head of alternative investors
BNP Paribas Securities Services has made two key appointments. Pat Hayes, who joined in 2016 from State Street as regional head of UK and the Middle East, is promoted to global head of alternative investors, based in Dublin. He will report to Philippe Benoît, global head of strategic business development and transformation. The role has…
Citco hires Ryan Fitzgerald as head of middle office solutions
Citco, the independent administrator, has appointed Ryan Fitzgerald as head of middle office solutions. He joins from Hazeltree Fund Services, a specialist treasury management solutions provider to the buy-side.
Aztec to administer UK RE fund for BMO Real Estate Partners
Aztec Group, the C.I.-based administrator, has been selected to provide administration services for the investments held in the BMO UK Housing Fund, managed by BMO Real Estate Partners, the real estate arm of BMO Global Asset Management.
Crestbridge hires William Turner for Jersey RE team
Crestbridge, the C.I.-based administrator, has appointed William Turner as a director in its real estate services team. Based in Jersey, he will have responsibility for several key client relationships, reporting directly to the Jersey head of the real estate team, Erin Moffat. Turner moves to Crestbridge from Intertrust, where most recently he was a client…
IQ-EQ hires Tamás Márk as new head of real estate in Luxembourg
IQ-EQ has appointed Tamás Márk as its new head of real estate in Luxembourg. He joins from Intertrust, where he was business unit director, real estate solutions.
SANNE to acquire Inbhear
Sanne, the C.I.-based alternatives administrator, has agreed to acquire Inbhear Fund Services and Inbhear Management Services for an upfront consideration of EUR6.6m (USD7.2m), and an earn-out over the next three years capped at EUR7.8m (USD8.6m). Inbhear is a Dublin-based fund administrator with a presence in Cayman.
IQ-EQ hires Bram Eijsbouts as Lux head of bus dev
IQ-EQ has appointed Bram Eijsbouts as head of business development for Luxembourg, a newly created position. He will report directly to Fèmy Mouftaou, IQ-EQ Luxembourg’s chief commercial director. Eijsbouts previously spent 10 years at Intertrust, which recently lost a team of five Luxembourg senior managers who moved to TMF.
Northern Trust deploys IHS Markit’s technology for syndicated bank loans
Northern Trust has automated processing of the full trade settlement lifecycle for syndicated bank loans through integration with IHS Markit’s ClearPar Custodian Services Messaging capability. Designed to deliver trade data in a standardised format via secured communications, this service increases scalability and efficiency while reducing the risks inherent in a manual trade settlement process. The…