Liberty Equity Management, a U.S.-based manager specialising in the tokenisation of commercial real estate investments, has appointed Stonegate Global Fund Services, in partnership with Securitize, to provide fund structuring, administration and tokenisation services for its new net lease security token fund. The Cayman and U.S. fund structure will enable both U.S. and global investors to…
Category: Offshore
Aberdeen Standard expands TA relationship with SS&C/IFDS
Aberdeen Standard Investments, the UK-based asset manager with AuM of c. USD562bn, has extended its transfer agency relationship with SS&C and IFDS to its Luxembourg division. SS&C will provide BPO and global transfer agency services to Aberdeen Standard Investments Luxembourg S.A., with local support from IFDS, a JV between SS&C and State Street. Aberdeen Standard…
IQ-EQ adds two senior managers to Cayman team
IQ-EQ has appointed James Bolton as country delivery director and Andrew Edgington as client director for the Cayman Islands. Bolton joins from Citco, whilst Edgington joins after a spell as an independent consultant. He has previously worked at Barings, Northern Trust and Gartmore.
Mainstream hires John Collins from Euronext for Ireland bus dev role
Mainstream, the Australia-based administrator, has hired John Collins as business development and relationship manager for its Dublin office. He joins from Euronext, where he worked in funds business development.
Ireland passes bill to facilitate private capital growth
Ireland has completed a key financial services bill that has been in the works for over five years and is expected to create 3,000 jobs by 2025 while attracting up to EUR20bn per annum in global private capital. The Investment Limited Partnerships (Amendment) Bill 2020 opens the door for new global private fund market entrants…
HF FS hires Monette Windsor from MUFG in Cayman
HF Fund Services, a member of the Equiom Group, has appointed Monette Windsor as director in its Cayman Islands office. HF Fund Services provides independent directors to alternative investment funds and investment management companies. Previously, she was the managing director of MUFG Alternative Fund Services (Cayman) Limited, (formerly UBS Fund Services (Cayman) Ltd).
Northern Trust celebrates 20 years in Ireland
Northern Trust is celebrating 20 years since it established a presence in Ireland through its acquisition of Ulster Bank Investment Services. Northern Trust is the third largest provider of fund administration and custody services in Ireland, according to Monterey, employing more than 1,600 people in its offices in Dublin and Limerick. In 2011 Northern Trust…
Oak and PraxisIFM end merger talks
Oak Group and PraxisIFM Group, two Guernsey-based administrators, have called off their proposed merger, first announced in August 2020. In a statement, Oak said: “With a particularly unpredictable global economic backdrop, a number of hurdles have led to the cessation of discussions”.
Apex mandated to service new Lux fund for Frontera
Apex has been mandated to provide fund services to Frontera Capital Group Limited, a UAE-based fixed income investment firm. Apex will provide Frontera with AIFM, administration, custody and corporate services. Frontera is currently raising USD400m for a new Luxembourg fund, with final close expected towards the end of Q1 2021.
DMS acquires Azienda in Luxembourg
The DMS Group, a specialist fund corporate governance provider, has acquired Azienda Financial Services, a corporate services provider based in Luxembourg. Azienda specialises in administering investment structures for private equity, real estate and structured finance. Earlier this year, DMS struck an agreement with Luxembourg-based MDO, and Ireland-based MontLake, to form a broad fund governance and…