Universal-Investment has been appointed as the new ManCo for the Luxembourg fund portfolio of Switzerland’s Fisch Asset Management. The Fisch Umbrella Fund, with AuC of c. EUR4.5bn (USD5.1bn), covers 13 UCITS sub-funds which include corporate bond, convertible bond and absolute return funds. RBC Investor Services Bank remains responsible for fund administration, custody and transfer agency.…
Category: Offshore
IQ-EQ hires global head of transformation
IQ-EQ, the Luxembourg-based investor services provider, has appointed Frédérik Benoit as global head of transformation, a new role. Benoit, who will be based in Luxembourg, joins from Standard Chartered, where he was global head of fiduciary & fund services operations. IQ-EQ has recently been adding to its senior management team, with a new COO, CIO…
FundRock to support new RAIF for NRP MAM
FundRock, the Luxembourg-based third-party ManCo and AIFM owned by Apex Group, has supported the launch of NRP Maritime Asset Management’s (NRP MAM) Premium Maritime Credit Fund. FundRock will act as AIFM and deliver FX services via Apex Group subsidiary EDB. Premium Maritime Credit Fund, a Luxembourg-domiciled RAIF, reached first close in January 2022, raising USD110m,…
Ocorian hires regional head of fund services
Ocorian, the C.I.-based administrator, has hired Mary Bruen as regional head of fund services for its Jersey, Guernsey and Isle of Man offices. She joins from Link Group, and is based in Jersey.
LuxSE and SG pioneer DLT token listing
The Luxembourg Stock Exchange (LuxSE) and Société Générale have completed the admission of the first financial instruments registered on a public DLT platform on LuxSE’s Securities Official List. The three sets of security tokens admitted on LuxSE SOL are digital covered bonds (OFH tokens) and structured products that have been issued and deployed by SG’s…
Crestbridge appoints chief change officer
Crestbridge, the C.I.-based provider of corporate and fund services, has appointed James Young as chief change officer.He joined the business in 2018 as group head of technology & change.
IQ-EQ hires new IoM head
IQ-EQ has appointed Simon Scott as managing director for the Isle of Man. Prior to joining IQ-EQ, he was Isle of Man country head for Barclays Bank.
Carne to acquire AMX
The Carne Group, the Ireland-based provider of services to asset managers, is to acquire the Asset Management Exchange (AMX) from WTW (Willis Towers Watson), subject to regulatory approvals. WTW will take a minority stake in Carne as part of the deal. AMX connects investors, asset managers and service partners so they can transact and interact…
Waystone to acquire KBA
KB Associates, an Ireland-based professional services firm offering ManCo, governance, regulatory and related consulting services, has reached an agreement to join the Waystone Group, subject to regulatory approval. KBA employs almost 100 consultants, advises over 250 international asset managers and supports investment funds with assets exceeding USD400bn. Mike Kirby, KBA founder and managing principal, will…
Crestbridge appoints new UK chief
Martin Lambert has joined Crestbridge, the C.I.-based administrator, as head of UK operations. He will take over Paul Windsor’s responsibilities overseeing the UK offices, following Windsor’s retirement. Prior to joining Crestbridge, Lambert was a partner at Grant Thornton.