Category: Independents

JTC, the C.I.-based professional services firm, has added two managers to its funds team in Jersey. Will Turner and Ben Durbano specialise in real estate and private equity respectively and join Ashley Vardon, senior director – fund services, who was appointed earlier this year. Turner was previously at Crestbridge, whilst Durbano joins from Sanne.

Apex is expanding its presence in Canada with the opening of a new office in Montreal to provide locally delivered services and French-language support to its clients in the province. Apex currently employs >300 people in Canada. In 2022 Apex acquired Prometa Fund Services, a Canada-based provider of fund services for >CAD28bn (USD21bn) AuA across…

Sanjiv Sawhney has been appointed global CEO of Waystone. He joins from Citi, where he has led global and regional investor services teams for the last 15 years, most recently as global head of client coverage, securities services. Earlier this year, Waystone abruptly parted company with Derek Delaney, CEO, Paul Cahill, COO, and Glen Magee,…

Gen II Fund Services, an independent private capital fund administrator with USD1trn AuA, has appointed Bob Caporale as group president. Caporale assumes this role after serving as head of corporate development for the past three years. Gen II is in the process of acquiring the private capital administration business of Crestbridge.

Ultimus Fund Solutions, a U.S.-based administrator, has been appointed by North Square Investments as fund administrator. As part of the mandate, North Square transitioned 12 mutual funds to Ultimus, which is now providing fund accounting, fund administration, transfer agency, shareholder servicing, distribution and compliance services.

Altum Group, the UK-based financial services provider, has been granted an Undertaking for Collective Investment (UCI) extension by the Commission de Surveillance du Secteur Financier (CSSF) in Luxembourg. This enables Altum to provide a fully integrated fund administration and transfer agency solution to alternative investment funds. This news follows the recent announcement of its agreed…