Ocorian, the C.I.-based asset servicing provider for asset managers, private and corporate clients, has acquired Clarity Consulting Solutions Ltd, a UAE- based regulatory and compliance services provider. Clarity was founded in 2020 by Natalie Hodgins and Shamshad Khan who, together with partner Barry Cotter, will join Ocorian and be part of the global regulatory and…
Category: Independents
Ultimus appoints CCO
Ultimus Fund Solutions has promoted Nickolaus Darsch to the role of chief commercial officer. Darsch, who has been at Ultimus for more than six years, is based in Boston.
Citco expands coverage for retail alts
Citco, the asset-services provider to the alternative investment sector, has opened an office in Kansas to support its expansion into the retail alternatives market. The office supports the operations of Citco’s recently effective SEC-registered transfer agency, which is focused exclusively on the retail alternatives market. It will serve as the main centre for Citco’s SEC…
Waystone implements Fenergo
Waystone, the asset management service provider, has implemented Fernergo’s technology platform to enhance client service. Fenergo is a provider of solutions for KYC, AML, and CLM. Gen II Fund Services recently began implementation of Fenergo’s technology across its European operations.
RLAM selects Equity Trustees for new funds
Equity Trustees has been appointed by Royal London Asset Management as the Responsible Entity for four new funds in Australia. The funds are structured as feeder funds with indirect exposure to established, Ireland-domiciled UCITS. RLAM, which is owned by the Royal London Group, the UK’s largest mutual life pension and investment provider, has c. GBP181bn…
MaplesFS appoints co-CEOs
Scott Somerville will be stepping down as CEO of MaplesFS after nearly 25 years with the organisation and over 15 years in this role. He will remain with the Maples Group until his retirement in 2026. Guy Major and Tyler Kim have been appointed as co-chief executive officers of MaplesFS. Both are internal appointments. MaplesFS…
ID-Pal acquires KYB fintech
ID-Pal, the identity verification platform, has acquired NorthRow, a Know Your Business (KYB) fintech. The acquisition will enable ID-Pal to deliver a unified compliance intelligence solution for KYC, KYB, and AML. NorthRow brings financial service firms including Caxton, Equifax and Hargreaves Lansdown into the existing ID-Pal global portfolio, which already includes government organisations such as…
BlackFin and Arendt agree AIS deal
BlackFin Capital Partners and Arendt have entered into a partnership that will see BlackFin become the majority shareholder of Arendt Investor Services, subject to CSSF approval and other customary procedures, with Arendt retaining a significant stake. The scope of the transaction also includes the third-party AIFM, AManco. Luxembourg-based AIS offers services ranging from fund administration,…
Ocorian gets new chair
Frederik van Tuyll is stepping down as chairman of Ocorian, the C.I.-based asset servicer for both asset managers and asset owners, after six years in the role. Martin Block replaces him as chairman. He has spent the last 25 years with HgCapital.
Jill Evans joins TMF
Jill Evans has joined TMF, the Netherlands-based private markets administrator, as managing director of consultant relations and business development for North America and the Caribbean. She was previously at Capco, and spent nearly seven years at Citi, most notably as head of consultant relations for the securities services business, as well as acting as an…