Ocorian, the C.I.based asset servicing provider for private markets and corporate and fiduciary administration, has recruited Craig Rowland as commercial director as it continues to strengthen its funds team in London. His most recent role was chief revenue officer at Cleveland & Co and, before that, was director of business development at Maitland.
Category: Offshore
IQ-EQ acquires Gordian
IQ-EQ has acquired Gordian Capital Limited, which it claims is Asia’s first and largest institutional cross-border fund platform and fund solutions provider. Its client base consists of global and regional asset managers, internal and external investment teams, SWFs, DFIs, family offices and corporates, investing in private equity, real estate, venture capital, private credit, infrastructure, hedge…
CSSF approves Waystone ETF platform
Waystone, the provider of specialist services to the global asset management industry, has secured approval from CSSF for its Luxembourg UCITS platform, Waystone UCITS Platform (Lux) SICAV to integrate an ETF operating model. This enables the launch of ETFs alongside traditional UCITS products, offering international asset managers an efficient plug-and-play solution for market entry into…
Apache selects Ocorian
Ocorian, a C.I.-based provider of fund and corporate administration services, has been appointed by Apache Capital Partners, a UK real estate investment manager, to provide fund administration, fiduciary and accounting services on its build-to-rent (BTR) platforms.
FundBank wins Lux licence
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…
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.