FundBank, the banking solutions provider, has made two senior appointments in its Cayman operations. Jerome Ebanks, who has been with the bank since 2023, moves into the role of CEO, Albert Chin will assume the role of COO, having been with FundBank since its inception.
Category: Offshore
HGGC invests in Centralis
HGGC, an investment firm with >USD8bn AuM, is the new majority investor in Centralis Group, a Luxembourg-based alternative asset and corporate services provider. Backed by HGGC’s investment, Centralis plans to accelerate its expansion into new geographies, with the U.S. a key strategic priority,
FundBank opens in Ireland
FundBank, a provider of banking services to the asset management industry, has appointed David Morrissey as country head for Ireland as it opens a new Dublin operation. He will lead the FundBank (Europe) S.A. Ireland team in Dublin, He has previously worked at SEI and Waystone. The opening the Dublin office follows the launch of…
Adepa installs Fenergo
Adepa, a Luxembourg-based-asset servicing provider, has deployed Fenergo’s software to streamline investor onboarding and enhance compliance across Adepa’s operations, starting in Luxembourg. Fenergo is an Ireland-based provider of client lifecycle management, KYC and transaction monitoring solutions. With a presence in Luxembourg, Italy, Spain, and Latin America, Adepa provides asset servicing solutions to traditional and alternative…
BBH to support new Fidelity ETFs
Fidelity International has launched the U.S. Fundamental UCITS ETF range, including the U.S. Fundamental Small-Mid Cap UCITS ETF, the first semi-transparent ETF in Ireland. BBH has been appointed to support the new funds.
H.I.G. appoints SEI
H.I.G. Capital, an alternative investments firm with USD70bn AuM, has selected SEI to provide fund administration and depositary services for certain Luxembourg- and Cayman-domiciled private equity and infrastructure assets. H.I.G. provides equity and debt capital to middle-market companies and has managed more than 400 companies worldwide.
Aztec supports Lakestar’s new fund
Aztec Group, the C.I. based administrator, has supported Lakestar, a European venture capital firm, on the close of Lakestar Continuation Fund I, a USD265m (EUR228m) continuation vehicle. Aztec provides fund administration services to LCF I from its Guernsey office, continuing its long-standing relationship with Lakestar.
Langham Hall supports Zenzic’s new debt fund
Langham Hall, a UK-based provider of fund administration and AIFMD services, has supported the launch of Zenzic Capital’s new evergreen debt fund, the Zenzic Real Estate Credit Opportunities Fund. The fund is targeting commitments of up to USD3bn. Langham Hall is providing fund accounting and administration services to the fund and associated entities from its…
Nangle steps down from State Street
After 22 years at State Street, Gavin Nangle is leaving the firm. Based in Dublin, Nangle was most recently head of EMEA offshore business origination.
Waystone to support Bellevue ETF
Bellevue Asset Management has launched the Bellevue Healthcare ETF, an actively managed UCITS ETF focused on global healthcare equities. Bellevue will use Waystone’s white label ETF platform, which offers end-to-end support for the fund, from set- up to distribution.