Northern Trust combines private equity and hedge fund admin units
The creation of the new unit comes one month after Northern Trust closed its acquisition of the Omnium technology platform from Citadel.
The creation of the new unit comes one month after Northern Trust closed its acquisition of the Omnium technology platform from Citadel.
Fund administration veteran Eiji Ihori took on the interim CEO role at MUFG Investor Services on 1 July, replacing Mark Porter who stepped into an advisory role.
The deal is the latest in a string of acquisitions for SSG Group which has expanded in the investor services business over the past two years
European Fund Administration adds new names from Credit Suisse including head of private equity and real estate administration for Luxembourg.
New products and strategies at private equity firms will encourage further adoption of outsourcing, according to SS&C.
The deal will add $165 billion in assets under administration to Apex’s portfolio, while taking on 195 new clients.
The patents build on the recently launched blockchain solution for private equity fund administration, which it partnered with IBM on last year.
In the build-up to Global Custodian’s Private Equity Issue this summer, we assess the two types of fund administration providers as PE firms are being forced to outsource.
Private debt and alternative asset classes were cited by the buy-side as the most operationally costly to manage.
The rebranded division will incorporate BNY Mellon's private equity infrastructure, real estate and private investment businesses.