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Mitsubishi UFJ Fund Services (Mitsubishi UFJ), has appointed Ken McCarney as Chief Executive Officer.
The position was previously held by Glenn Henderson, who is retiring from his role and will remain an advisor at the firm. McCarney retains his current position as Chief Operating Officer.
McCarney has more than 20 years’ experience in the financial services industry. He joined Mitsubishi UFJ in 2007, establishing the Dublin office and growing it to 170 staff members. Most recently Mr.McCarney was instrumental in the acquisition of Meridian Fund Services and integrating their clients onto Mitsubishi UFJ’s global asset administration platform. McCarney is
- 19/03/2015
ERG Asset Management has appointed Guy Locke as Senior Advisor to the firm.
Most recently Locke was a Partner with Walkers, attorneys at law in the Cayman Islands, and was head of the firm’s Global Insolvency and Restructuring Group for over 10 years.
Commenting, George O'Dowd, Co-President of ERG, says: “Guy’s extensive experience in dealing with distressed fund situations such as Long Term Capital and the Bear Stearns High-Grade and Enhanced Leverage funds combined with his legal and practical knowledge of portfolio illiquidity issues further broadens our asset management capability. We look forward to working with Guy’s deep
- 19/03/2015
In an extract from March’s edition of the Preqin Infrastructure Spotlight, Stephen Yates examines the latest data on African infrastructure, including deal flow, notable deals in recent years and the growing number of investors targeting investment in Africa.
Preqin’s Infrastructure Deals feature on Infrastructure Online includes extensive information on almost 11,000 completed transactions in infrastructure assets globally. These deals involve a variety of investors, ranging from infrastructure fund managers and direct institutional investors to industry players such as developers, contractors and other industry-specific trade investors. In excess of 7,200 transactions have been completed since 2007, with an estimated deal
- 19/03/2015
- 19/03/2015
Societe Generalehas been appointed as clearing broker and certificate issuer to a range of funds managed by Progressive Capital Partners, a Swiss based alternative investment management group.
Societe Generale Securities Services has also been appointed Custodian to the funds.
Societe Generale’s appointment relates to Progressive’s new Linden Core Fund 1x and Linden Core Fund 2x, which are both Irish-domiciled and have been authorised as UCITS compliant. The funds are part of a growing range offered by Progressive, which now has assets under management of more than USD680 million.
Andrew Dollery, Director, Societe Generale Prime Services, says: “Progressive Capital
- 19/03/2015
Ares Management has appointed Michael R McFerran as Executive Vice President, Chief Financial Officer and Treasurer, effective 23 March, 2015. McFerran will assume firm-wide responsibilities.
McFerran was previously a Managing Director at Kohlberg Kravis Roberts & Co (KKR) where he served as the Chief Financial Officer of KKR’s credit business and was the Chief Operating Officer and Chief Financial Officer of KKR Financial Holdings LLC (NYSE: KFN). Prior to joining KKR in 2005, McFerran spent the majority of his career at Ernst & Young LLP in its financial services industry practice where he specialised in providing assurance and advisory services
- 19/03/2015
Clarient Entity Hub, a new service designed to simplify client data and document management, is now live and operational with five of the world’s leading banks and asset managers inc
- 19/03/2015
- 19/03/2015
TMF Group has agreed with the management team of its fund services division, TMF Custom House, the creation of an independent, stand-alone Custom House Fund Services.
The heads of terms was signed at the end of 2014 with Mark Hedderman (CEO of Custom House, prior to its purchase by TMF Group) and James Osborne (a long-time Director of Custom House) to purchase TMF Group’s Fund Services business. The transaction will now be submitted for regulatory approval.
The deal perimeter includes all of TMF Group’s fund services operations in eight global locations – Australia, Singapore, Hong Kong, Bulgaria, Malta, Netherlands,
- 19/03/2015
Hedge funds were up 2.25% in February, according to the Barclay Hedge Fund Index compiled by BarclayHedge. The Index is up 2.14% year to date.
- 19/03/2015
Sandy Broderick has been appointed as Non-Executive Director (NED) to the Boards of GMEX Technologies Limited (GMEX TECH); Global Markets Exchange Group Limited (GMEX) which operates GMEX Exchange; and Global Derivatives Indices Limited (GDI).
Broderick, most recently CEO of DTCC Deriv/SERV, brings 25 years’ derivatives experience in trading and post-trade infrastructure to the team. He joins Lamon Rutten as an independent NED on all three Boards and will serve as Chairman of GMEX with Lamon becoming Chairman of GMEX TECH and Hirander Misra continuing as Executive Chairman of GDI.
Mark Blundell has transitioned from a Non-Executive Director to take up
- 18/03/2015
MUGC Lux Management, the management company of Mitsubishi UFJ Global Custody, has implemented Linedata AIFMD Regulatory Reporting.
Currently, MUGC Lux management manages around 185 alternative investment funds (Cayman trusts and Luxemburgish structures). Therefore, it is the second largest Alternative Investment Fund Manager (AIFM) in Luxembourg, representing 10% of the Alternative Investment Assets under Management in Luxembourg in 2014. MUGC LM approach is to provide one stop shop solution in combination with MUGC to its clients.
The asset management industry continues to face enhanced complexities through the introduction of sophisticated investments, complex instruments and strategies, exposure and collateral management and
- 18/03/2015
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