Category: Headlines

Remaco, a Switzerland-based asset manager, has appointed AssetMetrix as partner for digitisation of its private debt operations. Remaco specialises in the private debt asset class. Founded in 2013 in Munich, AssetMetrix is a spin-off of a PE fund-of-funds manager. Its outsourcing services around data collection, fund administration, reporting and analysis aim to enhance the efficiency…

Marlin Capital Partners, a Nassau-based asset manager, has extended its partnership with Apex, which will now provide fund administration and accounting services to its latest fund, Marlin RSP. Apex was appointed in 2021 to provide outsourced ManCo, middle office and fund administration services to the Marlin Money Market Fund.

Arcesium, a U.S.-based fintech in which J.P. Morgan has a stake, has appointed Mahesh Narayan as institutional asset manager segment head. Narayan will oversee Arcesium’s delivery of its capabilities that support institutional asset managers, including the firm’s cloud-native data platform, investment lifecycle solutions, and associated financial operations. He has joined from BlackRock, where he was…

Ocorian, a C.I.-based provider of fund administration, capital markets, corporate and fiduciary services, has appointed Stevie Christian as head of projects. His focus will be on managing a series of complex projects at Ocorian, starting with IT, data and systems aimed at enhancing the client experience while streamlining systems and processes to boost efficiency across…

Accelex, a UK-based SaaS platform delivering alternative investment data management services, has been appointed by Star Mountain Capital, a lower middle-market investment firm. Star Mountain plans to use the Accelex platform to process long-form performance reports for both its invested fund portfolio as well as secondaries pre-deal opportunities. Star Mountain Capital provides strategic debt and…

DTCC has launched a new service, the 1042-S Classification Announcement. The new offering will enable issuers to directly provide DTCC’s subsidiary, DTC, with IRS Form 1042-S tax withholding information on distributions prior to the payable date, lowering the amount of tax withheld on distributions for non-U.S. investors. DTCC collaborated with BlackRock and Citi’s securities services…

Apex has expanded its global compliance solutions services for the Singapore market, led by newly appointed Stefan Ho, head of compliance solutions, Singapore. The launch of compliance solutions in Singapore will help to address clients’ risks and concerns around ESG, climate and environmental risk, AML & compliance, and emerging technologies such as digital/crypto assets, and…

Gen II Fund Services, LLC, a U.S.-based independent private capital fund administrator, has hired Michael Abatemarco as head of credit. He will lead the credit fund administration and credit middle office services business, which provides private credit fund clients with an end-to-end service model. Prior to joining Gen II, Abatemarco served as director, head of…

Northern Trust has hired two senior managers from BNY Mellon to join its North American asset servicing business development team. Dean Marziarz will lead business development for Private Capital Fund Services, which provides middle- and back-office solutions for a range of alternative investment managers. He has more than 20 years of asset servicing experience at…