iCapital Network, a financial technology provider for the alternatives industry, has agreed to acquire the Artivest platform and operating businesses. Under the terms of the agreement, iCapital will purchase the majority of Artivest’s assets, including all technology and its operating platform. The transaction also includes management of Artivest’s 28 proprietary alternative investment funds, along with…
Category: Independents
Intertrust hires Derek Ramage as head of fund ops in Lux
Intertrust, the Netherlands-based provider of corporate and fund solutions, has appointed Derek Ramage as head of fund operations. He will be based in Luxembourg. Ramage will have responsibility for client service and expanding the company’s Luxembourg-based private capital fund business. He will also have responsibility for the day to day running of fund operations, including fund accounting,…
GaoTeng appoints Lemanik, BBH for first UCITS fund in Ireland
GaoTeng Global Asset Management Limited, a Hong Kong-based manager, has launched its first UCITS fund, domiciled in Ireland. GaoTeng has appointed Lemanik as the UCITS ManCo, with Brown Brothers Harriman as fund administrator.
Aztec promotes two in real assets leadership team
Aztec Group, the C.I.-based administrator, has made two senior appointments to its real assets leadership team. Farhan Ahmed has been appointed as head of real assets in Luxembourg, while Richard Anthony has assumed the role of head of real assets in Jersey. Both are internal appointments.
CSC to open in Dublin
CSC, the privately owned U.S.-based provider of alternative fund administration and corporate services, has been licensed by the Central Bank of Ireland to establish a fund services operation in Ireland. Liam McHugh, managing director of fund services for CSC, will head the Dublin office, with a senior management team including David Barry as head of…
Centaur hires Jon Summers to head product in U.S.
Centaur Fund Services, the Ireland-based provider of services to the alternative fund industry, has expanded its U.S. management team with the addition of Jon Summers, who will take on the role of head of product for Centaur Fund Services U.S. Currently based in New Jersey, Summers has over 15 years’ experience in the fund administration…
Dougherty Mortgage selects SS&C for loan admin
Dougherty Mortgage LLC, a Minneapolis-based full-service mortgage banking firm, has selected SS&C as a technology and services partner. SS&C will provide cloud-based software and services for loan origination, servicing, asset management, investor reporting, insurance compliance and document management.
JTC to provide fund services for Ashburton Investments
Ashburton Investments, the C.I.-based asset management business of FirstRand Group, has appointed JTC to administer fund shareholder accounts. JTC will provide fund administration and fund accounting services to Ashburton Investments’ investors in its Jersey-domiciled funds. JTC, which recently moved into the U.S. market with the acquisition of NES Financial, has USD130bn AuA.
Intertrust selects Wall Street Office for loan administration
Intertrust, the Netherlands-based provider of administration and corporate services, has automated its loan administration, cash management and facility agent services by integrating its platform with IHS Markit’s Wall Street Office (WSO). The WSO platform is a scalable, cloud-based solution that will enable Intertrust to provide its fund and capital markets clients with a more efficient…
Ultimus upgrades distribution platform to include ETF data
Ultimus Fund Solutions, the U.S.-based fund servicing provider, has expanded its Ultimus Distribution Advantage (UDA) program to include platform information for ETFs. Ultimus is introducing the addition of intermediary fee structures and requirements for ETFs by incorporating the details to the intermediary pricing pages already established for ‘40 Act funds on the UDA website. The…