Imperium Group, the C.I.-based administrator, plans to appoint Simon Young as group chairman. He replaces Roy McGregor. Young has stepped down as managing director of the Jersey office — his successor Jennie Ekedahl was appointed earlier this year.
Category: Independents
TMF appoints NA chief
TMF Group, a Netherlands-based provider of financial and corporate services, has appointed Ellen Stiene as market head for North America and the Caribbean. Her career spans executive roles at leading financial institutions, including Citi, J.P. Morgan and, most recently, Wells Fargo.
Langham Hall supports new PX3 fund
Langham Hall and Carey Olsen have advised PX3 Partners, the London-headquartered private equity firm, on the final close of its inaugural fund, PX3 Partners Fund I, at its EUR500m hard cap. The close brings PX3’s total assets under management to EUR1.1bn.
Alchelyst gets Lux approval
Alchelyst, the Ireland-based alts administrator, has received approval to operate in Luxembourg.
Apex appoints MEIAM chief
Apex has appointed Christophe Beelaerts as its new super regional head for MEIAM (Middle East, India, Africa and Mauritius). In this newly created role, he will focus on strengthening Apex’s presence in the MEIAM region. He is based in Abu Dhabi.
Yealand wins Charteris mandate
Yealand Fund Services has been appointed by Charteris Treasury Portfolio Managers Limited as Authorised Corporate Director (ACD), fund administrator, and registrar for its UCITS umbrella, the YFS Charteris UK UCITS ICVC.
Apex wins Coinbase mandate
Apex has been selected by Coinbase Asset Management to provide fund administration services, delivered by Apex Malta, specifically tailored for digital asset strategies and its newly announced Coinbase Bitcoin Yield Fund (CBYF).
Valeas replaces Palatine at Suntera
Suntera Global, the C.I.- headquartered provider of fund, corporate and private wealth services, has entered into an agreement with Valeas Capital Partners, an equity investment firm, to acquire a majority stake in Suntera. Under the terms of the agreement, Valeas is committing significant new equity capital to support the expansion of Suntera’s capabilities and global…
TMF hires for funds services team
TMF Group, a Netherlands-based provider of fund and corporate services, has appointed Tim LiVolsi as managing director of strategic operations and lift-outs within the funds services team. He was most recently at Cerberus Capital Management, and has also worked at Citi, J.P. Morgan and BNY.
Waystone to acquire BIL’s ManCo
Waystone, a European provider of specialist services to the asset management industry, is set to acquire BIL Manage Invest, a ManCo, from Banque Internationale à Luxembourg (BIL) Group, subject to regulatory approval. Waystone’s acquisition of BIL Manage Invest will increase its AuM in Luxembourg by c. 15pct. The acquisition will also support Waystone’s long-term strategic…