FundBank (Europe) S.A. is now live in Luxembourg, fully licensed by the European Central Bank and regulated by the CSSF. This authorisation as a full credit institution enables FundBank to serve clients across the European Union, delivering a compliant, cross-border banking infrastructure to the alternative investment fund (AIF) industry. FundBank supports the full lifecycle of…
Category: Offshore
Gen II hires for UK
Gen II Fund Services, a U.S.-based private capital fund administrator with >USD1trn AuC/A, has appointed Matt Beresford as country head, Jersey and UK, based in Gen II’s Jersey office. He joins from Lloyds Banking Group, where he was recently country head for the Isle of Man at Lloyds Bank International.
Mereo appoints NTRS
Northern Trust has been selected to provide asset servicing and asset management solutions to the newly–launched reinsurance firm, Mereo Insurance Limited, based in Bermuda. Northern Trust will provide custody services and institutional brokerage solutions, serving as broker for Mereo’s trade execution needs. Additionally, Northern Trust Asset Management will manage a portion of Mereo’s fixed income…
Suntera supports PCC fund launches
Suntera Global, a C.I.-based provider of fund, corporate, and private wealth services, has been appointed as the fund administrator of a newly incorporated Protected Cell Company (PCC), initially establishing two Guernsey-domiciled investment fund cells launched by Thornbridge Investment Management. The initial cells will be launched as Green Fund Cells under Guernsey’s Green Fund framework, and…
Ocorian to buy E78
Ocorian, a C.I.-based provider of fund and corporate administration services and regulatory solutions has entered into an agreement to acquire the fund solutions division of Element 78 Partners LLC (E78), a professional services provider headquartered in Chicago. This acquisition, which is subject to regulatory approval, expands Ocorian’s presence in the U.S. Ocorian will combine the…
Temenos sells Multifonds
Temenos, the fintech, has sold Multifonds, its fund administration software business, to Montagu Private Equity, a European private equity firm, for about USD400m.
Aztec hires new chairman
Aztec Group has appointed Sean Hagerty, former chief executive of Vanguard Europe, as chair, based in London. During a 27-year career at Vanguard, he most recently served for eight years as managing director and head of Vanguard Europe.
Tully joins Aztec
Aztec, the C.I.-based administrator, has appointed Andrew Tully as director – private credit, based in Jersey. He joins from CVC Credit, where he most recently served as head of portfolio management – direct lending. Prior to that, he led origination and structured finance teams at Santander and held senior acquisition finance roles across Lloyds Banking…
Alter Domus appoints new CEO
Alter Domus, the Luxembourg-based provider of fund services for the private equity, real assets and private debt sectors, has appointed Charlotte Hogg as CEO. She was previously CEO of Visa Europe and is a former deputy governor and COO of the Bank of England. She succeeds Doug Hart, who has served as CEO since 2019,…
Suntera to acquire Khepri
Suntera Global, the C.I.-headquartered provider of fund, corporate and private wealth services, has agreed to acquire Khepri Limited, the UK-based fund administration and corporate services provider, The deal is subject to regulatory approval and is expected to close in the second half of the year. Khepri has a team of more than 35 and services…