Pat Lardner is to step down as chief executive of Irish Funds, the Irish trade association for the funds industry. Lardner has been chief executive since 2012 and has overseen the growth of Ireland’s share of the European fund market from 13pct to >22pct.
Category: Offshore
Prescient hires from NTRS
Prescient Fund Services has appointed Nicola Gerety as Ireland country head. She replaces Emily Davy, who will continue to serve on the boards of Prescient Fund Services Ireland and its fund platforms. Gerety was previously at Northern Trust.
Waystone supports Pictet ETF launch
Waystone, a provider of specialist services to the asset management industry, has supported Pictet Asset Management with the launch of its first European AI Enhanced Equity Active UCITS ETF range. The ETFs are listed on XETRA and Euronext, with further listings on the London Stock Exchange and SIX Swiss Exchange to follow. Waystone is providing…
CACEIS appoints Lux country head
CACEIS has appointed Ramy El Houayek as country managing director in Luxembourg. He joined CACEIS in 2007 and was most recently global head of operations, fund services. He replaces Philippe Bourgues, who has been appointed global head of PERES operations and joins the ExCo of CACEIS.
Aztec appoints CCO
Aztec Group, the C.I.-based provider of private markets services, has appointed Melissa Ferraz as chief commercial officer and a member of its executive committee. Based in London, she joins from BlackRock, where she held senior roles across its private markets and technology businesses.
BNY hires from J.P. Morgan
Matthew Goldblatt has joined BNY as global head of alternatives for client service, asset servicing. Based in Luxembourg, he previously spent 19 years at J.P. Morgan.
IQ-EQ supports new Irish property ICAV
IQ-EQ has supported a major Irish residential investment platform, acting as alternative investment fund manager (AIFM) to the fund underpinning the transaction. The partners in the fund – APG, a Dutch pensions group, and Kennedy Wilson, the Irish property investment group – intend to invest a reported EUR2bn (USD2.3bn) in residential properties in Ireland through…
Invesco expands with NTRS
Northern Trust has been appointed by Invesco to provide administration, custody and depositary services for its new Ireland-domiciled index tracking mutual fund range, Invesco Markets V ICAV. The new fund range is designed to make Invesco’s swap-based (synthetic) approach to index replication available to mutual fund investors in Europe via investment platforms and other institutional…
Bunch to buy LFS
Bunch, a German fintech providing an AI-native fund operations platform for private markets, has launched a strategic partnership that will see the company join Luxembourg Fund Services (LFS) founder Massimo Longoni and CFE Finance Group as owners and sole shareholders in LFS. Under the terms of the agreement, Bunch will acquire an ownership stake in…
Aztec supports Norvestor fund launch
Aztec, the C.I.-based alternative funds administrator, has supported long-standing client Norvestor, a private equity manager, on the final close of Norvestor X SCSp, which raised EUR2bn (USD2.3bn) at its hard cap. Aztec provides fund administration, investor onboarding and transaction support services to Norvestor X from its Luxembourg office. Since 2009, Aztec has supported Norvestor across…