GC Legend and former Quintillion founder Joan Kehoe steps away from the business as JP Morgan promotes alternatives specialists to lead growing unit.
The fund administration licence further expands on Crestbridge’s strategy to grow in the world’s top fund domiciles.
The Boston-based custodian will use middle- and back-office technology developed by Lukka to support its crypto fund admin services.
The tech giant is now targeting the European asset management industry and looking to build from a string of mandates it has secured in the UK over the past year.
JP Morgan is anticipating AuA to rise further to $700 billion by the end of year, which would represent a 40% increase in the last 18 months.
The move comes as custodians review their legacy technology platforms in order to cater for the many nuances and complexities inherent in private markets.
GC speaks to BBH'S alternatives fund services product executives, Chris McChesney and Ainun Ayub, on how alternatives fund managers are coping with their new operating environment and the changing dynamic between client and service providers.
The partnership comes as custodians turn to FinTechs and other technology providers to transform and automate unstructured data in the alternatives markets.
The new launch will strengthen Alter Domus’ offering for existing clients seeking to domicile alternative investment funds in Ireland.