IQ-EQ, the Luxembourg-based administrator, has appointed John Legrand as managing director of UK and Ireland. He joins from eFront, the BlackRock-owned alternative investment software provider, where he was managing director for Asia Pacific. Before that, he spent 10 years with BNY Mellon in Singapore and London.
Category: Independents
TMF hires Frank Welman and team from Intertrust
TMF Group, a provider of administration services based in Amsterdam, has appointed a new senior executive. Frank Welman joins from Intertrust in Luxembourg, where he was managing director of Western Europe for five years. He is joined by four other senior hires who are also moving across from Intertrust to take up roles at TMF.…
Fidelity hires Chris Tyrer to run digital assets business in Europe
Fidelity Investments is establishing a new entity to serve European institutions investing in digital assets. Fidelity Digital Assets, Ltd. will offer custody and trade execution services for digital assets to investors such as hedge funds, family offices and market intermediaries. This business builds upon the company’s 2018 launch of Fidelity Digital Asset Services in the…
Aztec appointed as depositary for Stafford Capital Partners
The Aztec Group, a C.I.-based administrator, has been selected to provide depositary services to Stafford Capital Partners, a U.S. real assets and private markets investment and advisory group. Aztec will act as a depositary to 13 investment vehicles with over USD1.9bn in assets.
FIS takes majority stake in Virtus
FIS, the U.S.-based technology firm, has acquired a majority stake in the specialist alternatives fund solutions provider, Virtus Partners. Virtus focuses exclusively on managers in the credit space. Terms were not disclosed.
Doug Hart takes over as group CEO at Alter Domus
Further senior management changes at Alter Domus, the Luxembourg-based provider of fund and corporate services. Doug Hart has been appointed group CEO, replacing Aidan Connolly, who was made interim CEO in 2018 following the departure of Laurent Vanderweyen. Hart joined Alter Domus following the acquisition of Cortland Capital Markets in 2018, and subsequently led Alter…
IQ-EQ appoints Colin Targett as MD for Bermuda and Cayman
IQ-EQ has appointed Colin Targett as managing director of Bermuda and Cayman Islands operations, based in Bermuda. He was previously head of offshore investment operations with Barclays.
Simon Gunson to head FundRock’s UK business
FundRock, the Luxembourg-based administrator, has appointed Simon Gunson as managing director of its UK entity, FundRock Partners Ltd. He joins from Citi.
Crestbridge granted fund admin licence in Luxembourg
Crestbridge, a C.I.-based administrator with USD120bn AuA, has been granted a fund administration licence in Luxembourg. The new licence enables Crestbridge to provide a broad range of fund administration services from Luxembourg, complementing its ManCo business.
NES to service new OZ fund for Synergy Financial
NES Financial, the Silicon Valley-based administrator, has been appointed to provide its Opportunity Zone fund administration solution to Synergy Financial, a real estate investment firm based in Boston.