Demonstrations of selflessness, compassion and resilience have “lifted our collective spirit” and “we are indebted to all those who do the extraordinary for others”, Pat Lardner, the CEO of Irish Funds says in this month’s Association Column (Funds Europe, May 2020).
Funds Europe’s annual survey of the funds administration sector shows that 2019 was a good year for the industry, but the covid crisis will make 2020 different from anything that has gone before.
Funds Europe puts questions to senior executives about M&A, fund management priorities and Brexit. Plus, essential figures about some of Europe’s largest administration providers.
Fund administration firm Intertrust has hired a private wealth expert from IQ-EQ, another specialist fund administrator, in order to develop more technology capability in the high-net-worth servicing sector.
Wales’ City and County of Swansea Pension Fund and the North East Scotland Pension Fund have invested in a BlackRock strategy that seeks to capture growth opportunities in renewables.
Luxembourg-based fund administrator EFA has selected i-Hub as its customer due diligence platform for detecting money laundering.
Fund administration firm Intertrust has appointed Derek Ramage as head of fund operations.
Aztec Group’s Matt Horton has been appointed as group head of private equity in a round of promotions at the fund administrator that suggest a higher focus on technology.
There is still a significant impact on investment returns for retail investors due to costs that are on average 40% higher than for institutional investors, Europe’s financial watchdog says.
WeInvest Capital Partners, a Paris-based boutique private equity real estate specialist, has delegated the fund administration of their latest product to Luxembourg-based EFA (European Fund Administration).
