Peter Salvage, a veteran of the alternatives fund administration industry, has joined Enfusion, a U.S.-based, private equity-backed fintech that provides front-to-back investment management software and SaaS solutions. Salvage joins as managing director, global head channel & alliance partners, a role that will see him work to strengthen Enfusion’s global channel partnerships with prime brokers, fund…
Category: Independents
SS&C to administer new PE FoF for Claymore
Claymore Capital Partners, a U.S.-based investment advisor, has selected SS&C as the administrator for its new private equity fund-of-funds, Claymore Capital Partners Fund I. Services include fund accounting, investor services, reporting and analytics.
Deutsche Börse buys majority stake in Crypto Finance
Deutsche Börse Group has acquired a majority stake in Crypto Finance AG, a Switzerland-based financial group that offers trading, storage, and investment in digital assets to institutional and professional clients. Through the acquisition, Deutsche Börse will extend its offering for digital assets by providing a direct entry point for investments, including post-trade services such as…
SS&C unveils organisational shake-up
SS&C has initiated an organisational shake-up which sees Mike Sleightholme, general manager of DST’s financial services businesses, leaving the firm. SS&C Global Investor and Distribution Solutions (GIDS) will focus on the evolution and elevation of global transfer agency and investor services. Nick Wright, general manager, will focus on strategy, innovation and product development, and will…
Mainstream recommends Apex bid
Mainstream, the Australian administrator that has >AUD200bn (USD152bn) AuA, has entered into a Scheme Implementation Deed with Apex, and its directors have unanimously recommended that Mainstream shareholders vote in favour of the Apex offer.
MJ Hudson acquires Clarus Risk
MJ Hudson, the UK-based consultancy, has acquired Clarus Risk, a fintech firm specialising in regulatory risk and risk reporting automation. Clarus will now trade as MJ Hudson Quantitative Solutions.
Sarj Panesar joins Sanne to head UK business development
Sanne, the UK-listed alternative asset administrator, has appointed Sarbjit (Sarj) Panesar as head of UK business development. Based in Sanne’s London office, Panesar joins from Société Générale Securities Services, where he was most recently in charge of business development for the asset management and insurance sectors.
ERShares transfers mutual funds & ETFs to Ultimus
Ultimus Fund Solutions, a U.S.-based provider of fund administration, accounting, and investor solutions, has been selected by U.S.-based ERShares to provide administration services for three mutual funds and two ETFs. Ultimus is providing fund administration, fund accounting, distribution and transfer agency services for the mutual funds and ETFs, which transitioned to Ultimus in Q4 2020…
Apex acquires Senasen
Apex has acquired Senasen Group Ltd., a digital marketing platform provider designed to connect LPs and GPs and support the capital raising process. Founded by Blair McPherson and created by Ben Slater, both of whom will join Apex as part of the deal, Senasen’s proprietary SaaS platform will benefit clients through delivering a self-service offering…
Ross Thomson joins Crestbridge as head of Lux fund services
Crestbridge, the C.I.-based provider of private equity and real estate administration services, has appointed Ross Thomson as head of funds services in Luxembourg. Prior to joining Crestbridge, he was COO for Carne Global Fund Managers Luxembourg, where he was responsible for the ManCo and AIFM operations.