CSC Global Financial Markets has been appointed as depositary for Sarona Global Growth Markets PE Fund 3 ILP, one of the first ILPs launched in Ireland. CSC will support Sarona Asset Management, a Canada-based private equity investor, together with Carne Group as AIFM.
Category: Offshore
EFA appoints new CCO
European Fund Administration, the Luxembourg-based independent administrator with EUR167bn (USD185bn) AuA, has appointed Paulo Fernandes as its chief commercial officer and member of EFA executive committee. He will be responsible for commercial, marketing, product & strategic development. Fernandes was previously head of client relationship management.
Ocorian appoints new Cayman MD
Ocorian, the C.I.-based administrator, has promoted Fiona Crellin to MD of the Cayman Islands office. She was previously director, business implementation – Americas, Bermuda, and Caribbean.
IQ-EQ appoints new compliance chief
IQ-EQ has appointed Tasnoova Zaki as group head of compliance, a newly created role. She will report directly to David Wild, IQ-EQ’s group chief risk officer.
ZEDRA acquires in Jersey
ZEDRA, the Switzerland-based provider of corporate services, wealth and fund solutions, plans to acquire BNP Paribas Jersey Trust Corporation Limited. The transaction is subject to regulatory approval. The trust company offers trustee and fiduciary services to its clients. The firm also has over a decade of experience providing trustee services to private equity and real…
CBI fines BNY Mellon EUR10.78m
The Central Bank of Ireland has reprimanded and fined BNY Mellon Fund Services (Ireland) DAC EUR10.78m (USD11.8m) for 16 regulatory breaches relating to the outsourcing of fund administration. In a statement, CBI said: “The 16 breaches arose because of BNY DAC’s failure: to have in place an adequate outsourcing governance framework; to comply with its…
Crestbridge hires new head of UK RE
Crestbridge, the C.I.-based administration solutions provider, has appointed Barry Hindmarch as director and head of real estate – UK. He joins from Apex.
Alter Domus hires senior State Street manager
Alter Domus, the Luxembourg-based provider of integrated solutions for the alternative investment industry, has hired Vincent Georgel O’Reilly as head of financial institutions strategic partnerships. Based in Luxembourg, hewill report to Alter Domus’ CEO, Doug Hart, and will become a member of Alter Domus’ group executive board. In his new role, O’Reilly will lead the…
Aztec appoints new chair
The Aztec Group, the C.I.-based administrator, has announced a new chair, as Patrick Gale steps down from the group board at the end of the current financial year, after five years in the role. He will be succeeded by his fellow board member Kathryn Purves, who has been a non-executive director since 2020.
Highvern hires new COO
Highvern, the C.I.-based administrator, has appointed Anna Malorey as chief operating officer. Based in Jersey, she will initially co-ordinate the implementation phase of Highvern’s recent acquisitions and new office openings as the group continues to grow and expand into a number of new jurisdictions. She joins from R&H Trust Co in Jersey, where she was…