Apex, the Bermuda-based financial services provider, has expanded its loan agency services, both to support existing loan administration capabilities and private equity and leveraged finance client needs. The loan agency & administration offering provides tailored services to bilateral, club and syndicated loans and offers transaction support from borrower, lender and debt fund perspectives. The upgraded…
Category: Independents
Crestbridge hires Carol Ann Rotsey as governance services director
Crestbridge, the C.I.-based administrator, has appointed Carol Ann Rotsey as governance services director. She will provide independent director services to a range of UK fund and corporate structures. She will also oversee the administration and client service team in Crestbridge’s London office. Prior to joining Crestbridge, Rotsey was the executive director and the head of…
Sanne secures depositary licence in Ireland
Sanne, the UK-listed provider of alternative asset and corporate administration services, has secured a specialised depositary licence from the Central Bank of Ireland. Sanne Depositary Services Ireland Ltd is now licensed to provide depositary services to collective investment schemes in compliance with all AIFMD obligations.
Reichmuth appoints AssetMetrix for digital reporting
Reichmuth & Co Investment Management AG, a subsidiary of the Swiss owner-managed private banking group Reichmuth & Co, has appointed AssetMetrix, the Germany-based specialist asset servicer, as a partner for the digitalisation of its infrastructure activities. Services include tools for performance, risk management, benchmarking as well as cash flow and performance forecasts. In addition, clients…
ZEDRA to acquire BIL’s BFCS fund business
ZEDRA, the Cayman-based fund services provider, plans to acquire BFCS, the fund and corporate services arm of Banque Internationale à Luxembourg (BIL). The transaction is subject to regulatory approval from Luxembourg’s financial regulator, CSSF. BFCS, which has been active for more than 50 years, offers services and solutions in both the corporate and funds’ sector,…
JTC to service Resolute’s two new Guernsey funds
JTC, the C.I.-based administrator, has been appointed by Resolute Capital Partners, a San Francisco-based private equity firm, to administer its two new Guernsey-domiciled international feeder funds. JTC Americas (formerly NES Financial) has been administering Resolute Capital’s private equity funds since 2018.
Oak Group confirms Graham McCormack as CEO
Oak Group, the Guernsey-based private client, corporate services and fund administration business, has appointed Graham McCormack as CEO. He has been acting CEO since former CEO Stuart Platt-Ransom left the role earlier this month. Prior to his role as CEO, he was COO of the Oak Group.
Lemanik to act as AIFM for new 3B health fund in Luxembourg
3B FUTURE HEALTH GP S.a.r.l., a Luxembourg-based GP, has launched the 3B Future Health Fund II, focused on early-stage investment opportunities in areas of high unmet patient needs. The fund is structured as a Luxembourg RAIF with Lemanik as the independent third party AIFM.
AssetMetrix establishes account management function
AssetMetrix, the Germany-based specialist asset servicing provider in which BNP Paribas has a stake, has appointed Joerg von Taube as head of the newly created account management function within its business development team. He joined AssetMetrix in 2017.
IQ-EQ makes senior appointments in Ireland and Guernsey
Two appointments at IQ-EQ, the Luxembourg-based administrator: Conor Joyce joins as head of transfer agency for its new Irish funds business. He was previously head of TA for SGSS in Ireland. Jacques Vermeulen has been promoted to chief commercial officer, Guernsey, a newly created role. He was previously part of the leadership team in Guernsey.