SS&C GlobeOp Opens Luxembourg Office
Nick Curwen, director at SS&C GlobeOp
SS&C GlobeOp has opened a Luxembourg office, say officials at SS&C Technologies, parent of the fund administrator. The growth opportunities in Luxembourg is behind the decision, say company officials.Asset growth of funds domiciled and/or administered in Luxembourg grew more than 16 percent in the past year to $2,584,099 billion assets under management, according to SS&C Technologies, which cited the Association of the Luxembourg Fund Industry.
SS&C GlobeOp’s Luxembourg office will offer fund administration and middle-to-back office services, including fund accounting and reporting, share registry and transfer agency services, and investor communications. The vendor will offer managed account platforms, UCITS funds and SIFs that include portfolio and over-the-counter derivative valuations, risk analytics and web-based reporting.
Nick Curwen, director at SS&C GlobeOp (Luxembourg) will oversee the expansion, according to Bill Stone, chairman and CEO, SS&C Technologies, in a statement.
“Luxembourg is an important market for our existing and future hedge fund, private equity and fund of hedge fund clients, and opening a full service office there is an important part of our expansion strategy into additional domiciles to be closer to our clients and service them on the ground,” Stone says.
Dion Global Solutions Hires from Reval
Robin Preston, European head of strategic partners and alliances, Dion Global Solutions
Dion Global Solutions, which offers business process automation and management, SWIFT integration and trading automation, has appointed Robin Preston as its new European head of strategic partners and alliances, say officials at Dion.
Preston joins from risk management vendor Reval, where he was responsible for new business development across EMEA. Reval offers software-as-a-service solutions for treasury and risk management.
For his role at Dion, Preston will cultivate partnerships to support the international demand for Dion’s technology across Europe’s buy- and sell-side markets, say officials. “Dion is well positioned to work with partners to deliver technology solutions tailored to the specific needs of our clients,” Preston says in a prepared statement.
Dion services investment, retail and commercial banking, institutional trading and investment and private client wealth management and stockbroking.
Turquoise Picks Ex-UBS Exec to be Next CEO
Turquoise, the pan-European multi-lateral trading facility (MTF), has appointed a former UBS executive Robert Barnes as its new CEO, say Turquoise officials. Barnes’s experience includes former posts as CEO of UBS MTF and as managing director, equities, at UBS.
Once Barnes’ appointment is approved by UK regulator the Financial Conduct Authority, he will assume his new role over the coming weeks, replacing current CEO Natan Tiefenbrun who will be leaving the company, say Turquoise officials.
In addition to his UBS posts, Barnes also served as chairman from 2004 to 2009 of the Securities Trading Committee of the London Investment Banking Association and participated in a wide range of key advisory and policy groups within the financial services sector, according to Turquoise.
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