CapitalatWork, a wealth manager owned by Foyer S.A., the largest independent insurance group in Luxembourg, has decided to outsource its ManCo activities to Lemanik. CapitalatWork, which has EUR8bn AuM, migrated the business in December 2019.
Category: Offshore
EFA to provide admin services for WeInvest’s new RE RAIF
WeInvest Capital Partners, a Luxembourg-based real estate investor, has chosen European Fund Administration as administrator and and transfer agent for its Premium Real Estate Fund SICAV-RAIF S.C.A. Philippe Barthelemy, managing partner in charge of investment at WeInvest Capital Partners, said: “We are extremely pleased with the attention demonstrated by EFA teams involved when structuring and…
U.S. Bank wins two new mandates for Irish funds
Two new mandates for U.S. Bank in Ireland: Catalyst Capital Advisors, LLC has appointed U.S. Bank to provide fund administration and UCITS depositary services. The Carne Group will serve as the management company. New York-based Catalyst is an existing U.S. client, with USD14bn AuM. Iguana Investments has appointed U.S. Bank to provide fund administration and…
Intertrust supports new PIF for Bansk Group
Intertrust, the Netherlands-based provider of corporate and fund solutions, has assisted Bansk Group with the launch and ongoing servicing of its new private fund structure. The fund has been established as a Guernsey private investment fund. The sole purpose of the fund is to act as a private investment vehicle for the assets of a…
SGSS in France to provide local agency services for SLAM’s Lux funds
Swiss Life Asset Managers Luxembourg has mandated Société Générale Securities Services to take over its local representative agent (LRA) and local transfer agent (LTA) activities in France. This new mandate strengthens the partnership between the Swiss Life Group and SGSS. The LRA/LTA activity for Luxembourg funds distributed in France was previously carried out by Swiss…
IQ-EQ hires Tamás Márk as new head of real estate in Luxembourg
IQ-EQ has appointed Tamás Márk as its new head of real estate in Luxembourg. He joins from Intertrust, where he was business unit director, real estate solutions.
SANNE to acquire Inbhear
Sanne, the C.I.-based alternatives administrator, has agreed to acquire Inbhear Fund Services and Inbhear Management Services for an upfront consideration of EUR6.6m (USD7.2m), and an earn-out over the next three years capped at EUR7.8m (USD8.6m). Inbhear is a Dublin-based fund administrator with a presence in Cayman.
IQ-EQ hires Bram Eijsbouts as Lux head of bus dev
IQ-EQ has appointed Bram Eijsbouts as head of business development for Luxembourg, a newly created position. He will report directly to Fèmy Mouftaou, IQ-EQ Luxembourg’s chief commercial director. Eijsbouts previously spent 10 years at Intertrust, which recently lost a team of five Luxembourg senior managers who moved to TMF.
Centaur secures equity investment from FTV Capital
Centaur Fund Services, the Dublin-based provider of administration and regulatory services for the alternative investment fund industry, has secured an equity investment from FTV Capital, a U.S.-based private equity firm. Ronan Daly, Karen Malone and Eric Bertrand, Centaur’s founders, will continue their leadership roles and remain significant shareholders in the company. As part of the…
HSS hires Frederic Van Ingelgom for bus dev role in Lux
HSBC Securities Services has hired Frederic Van Ingelgom as head of business development & client management for asset owners & managers in Luxembourg. He will report to Paul Heffernan, head of business development & client management, asset manager sector, HSS Europe, and Niccolo Polli, chief executive officer, HSBC Luxembourg. He joins from BBH where he…