IQ-EQ, the Luxembourg-based investor services provider, has scored a major coup with the hiring of Emma Crabtree as group chief commercial officer. Crabtree joins from BNP Paribas Securities Services, where she was global head of sales for the asset manager and alternatives segments. Before joining BP2S in 2016, Crabtree spent nearly 20 years at RBC.…
Category: Offshore
GemCap hires senior manager
GemCap, the Ireland-based provider of UCITS ManCo services, has appointed John Stokes as head of investment management and designated person with responsibility for investment management (PCF-39D). Based in Ireland, he reports to Conor Hoey, GemCap’s CEO, and joins the senior management team. Prior to joining GemCap, Stokes was head of investments and designated person with…
BlueBox appoints Northern Trust for USD1bn Lux SICAV
Northern Trust has been appointed to provide fund administration, depositary, global custody and its Integrated Trading Solutions (ITS) to BlueBox Asset Management’s Luxembourg-domiciled BlueBox Global Technology Fund. Headquartered in Switzerland, BlueBox Asset Management was established in 2017. Its BlueBox Global Technology Fund (SICAV) has grown assets under management to more than USD1bn. The fund invests…
CSC expands in Netherlands
CSC, the U.S.-based provider of business, legal, tax, and digital brand services, has secured additional depositary licences from the Netherlands Authority Financial Markets (AFM). After being one of the first non-bank providers to receive a depositary license for real estate and infrastructure funds, CSC has now extended its licence to include UCITS funds. In addition,…
Omba mandates Northern Trust for new ICAV
Omba Investments ICAV has appointed Northern Trust to provide global custody, depositary and associated services for its new Ireland-domiciled UCITS umbrella fund. The planned USD100m fund will be launched with two new UCITS funds, the Omba Global Thematic Fund and Omba Global Equity Fund. Omba Advisory & Investments is a UK-based manager serving family offices,…
Apex to service Azimut’s life insurance company
Apex has been appointed to provide fund administration and middle office services to Azimut Life dac, the Ireland-registered life insurance company of Azimut Group, an Italy-based independent asset management firm with >EUR80bn (USD91bn) AuM.
Pendal expands relationship with Northern Trust
Northern Trust has been appointed to deliver a range of asset services to the Pendal Group Limited across Australia, UK and Ireland. Northern Trust has also expanded the services it performs for Pendal’s business in the U.S. The appointment by Pendal, a global investment manager with AuM of AUD139.2bn (USD104.4bn), covers its wholly owned subsidiary…
Northern Trust to support new CCF for Storebrand
The Asset Management Exchange (Ireland) Limited has launched a tax transparent common contractual fund for Storebrand Asset Management, the Nordic manager which has NOK1,058bn (USD120bn) AuM in both private and public markets. AMX provides the fund structure, the management company and the operational set-up, and facilitates the tax reclaim process. This enables UK pension funds…
Nordea to implement Multifonds in Lux
Nordea Investment Funds SA, the largest asset manager in the Nordics, and part of the Nordea Group, has chosen the Temenos Multifonds platform for its transfer agency business in Luxembourg. Nordea Investment Funds provides in-house administration for >EUR100bn (USD110bn) of assets. Temenos claims to serve nine of the top 15 transfer agents in Luxembourg.
Aztec to deploy Fenergo’s CLM solution
Aztec Group, the C.I.-based administrator with EUR440bn AuA (USD500bn), has appointed Fenergo, a provider of digital solutions for client lifecycle management, to deploy its cloud-native, SaaS solution to transform the client and investor lifecycle. Aztec will implement the solution across its offices in the Channel Islands, Europe and the U.S. to digitise and streamline onboarding…