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Resurgens Technology Partners has acquired InvestorForce from MSCI and is to merge it with portfolio company Investment Metrics. The combined investment analytics and reporting solutions business will cater for investment consultants, wealth managers and investment managers.
The transaction is expected to close within the next three months, subject to customary closing conditions. Terms of the deal have not been disclosed.
Resurgens says the merger will enable the combined business to provide investment tools for performance analysis, investment reporting, investment policy statements, peer benchmarking and competitive insights, leveraging the unique and substantial data assets of the combined company. The newly
Options, a managed service and IT infrastructure provider to the global capital markets industry, has appointed former Finastra and OpenLink Financial executive Michael Russo to its management team.
Russo joins the New York team as VP, Product Management where he will be responsible for driving new business growth and supporting the firm’s Managed Application services.
Russo brings nearly two decades of industry experience to Options from Finastra and OpenLink Financial, where he oversaw global business development and growth of the firm’s burgeoning cloud-based solutions. Michael was a key contributor and leader in the expansion and development of the firm’s
OpenInvest, a digital investment advisor for socially responsible investing, has raised USD10.4 million in a Series A funding round led by QED Investors, with additional participation from Andreessen Horowitz (who led OpenInvest’s previous venture round in 2017) SYSTEMIQ, Wireframe Ventures, Yard Ventures and Abstract Ventures.
According to Morningstar’s Sustainable Funds US Landscape report, assets under management in portfolios using various approaches to sustainable investing have grown to an estimated USD23 trillion globally, an increase of more than 600 per cent over the past ten years. OpenInvest’s platform delivers customised investment portfolios aligned with an individual’s or institution’s values. ESG (environmental,
ADL Bionatur Solutions (MAB: ADL), a company specialised in research and development of health products, services and industrial fermentation production, has closed a EUR12 million fund raising with institutional and qualified investors in Spain.
The transaction follows the listing in May 2018 on the Mercado Alternativo Bursátil (MAB) a sub-market of the Spanish Prime Market (BME), through a reverse acquisition of Bionaturis by ADL Biopharma.
On 19 July 2018, ADL’s Board of Directors set a price per share to EUR 2.20 for the EUR 12 million capital increase with qualified investors, excluding subscription rights. Under the transaction, ADL issued
LDF Group (LDF), a UK-based alternative provider of SME finance, has rebranded as White Oak UK following its acquisition by White Oak Global Advisors on 30 June 2018.
White Oak UK is excited to use the rebrand as an opportunity to reinforce its vision of significantly developing lending levels to UK smaller businesses, who still struggle when trying to access finance for their businesses.
This, coupled with a new focus on expanding operations to provide fast and convenient business finance to larger, middle-market companies across the UK draws on the wider group’s experience in mid-market solutions, providing White Oak
Ladenburg Thalmann Financial Services (Ladenburg) has made a strategic investment in Track Technologies (Track), a San Francisco-based digital provider of tax automation for independent contractors, freelancers, and other workers who generate self-employed income.
The investment, which is the first major outgrowth of Ladenburg’s recently launched Innovation Lab and its inaugural Innovation Symposium in May, enables Ladenburg to align new technology-enabled solutions to support the business growth of financial advisors affiliated with its five independent advisory and brokerage (IAB) subsidiary firms: Securities America, Triad Advisors, KMS Financial Services, Investacorp and Securities Service Network (SSN).
Adam Malamed, Executive Vice President and
Keyhaven Capital Partners (Keyhaven) has secured an equity funding of up to EUR260 million for DARAG, its legacy insurance acquirer, to support growth plans for the business.
Funding has been provided by Crestview Partners (Crestview) via its European partner Aleph Capital Partners (Aleph Capital).
DARAG, a Keyhaven portfolio company, specialises in taking inactive or discontinued (run-off) businesses from direct insurers and reinsurers. The Company has completed 26 transactions across Europe since its inception in 2009.
The new capital commitment follows a period of significant strategic development for DARAG, which has seen it grow substantially in the rapidly expanding
The Illinois Service Federal Savings and Loan Association (ISF Bank) – one of America’s leading black-owned lending institutions – is rebranding as GN Bank to align with its international banking operations. GN Bank internationally has over 330 branches.
“We want something different to come out of the South Side of Chicago,” says Dr Papa Kwesi Nduom, president of Groupe Nduom and chairman of ISF Bank. “We’re linking the South Side to the world through this traditional, black-owned bank.”
At a time when available lending capital is decreasing for black-owned businesses, GN Bank will become one of the few remaining
Guernsey Finance is set to take a broader role in the development of the island’s financial services sector through the permanent appointment of Dr Andy Sloan as Deputy Chief Executive, Strategy.
Sloan (pictured), has been Acting Director of Strategy on part-time secondment from the Guernsey Financial Services Commission for the past nine months. He now joins permanently to oversee development of jurisdictional-wide financial services strategy through Guernsey Finance in line with the role set out in the Committee for Economic Development’s recently approved Economic Vision.
Dominic Wheatley, Chief Executive of Guernsey Finance, says: “Dr Sloan complements the strong team
Accendo Capital has appointed Elise Auer as Director of Investor Relations. In her new role, Ms. Auer will direct business development activities for Accendo Capital and assume responsibility for ongoing communications and client service for existing fund investors.
Auer started her career in corporate finance and private equity investing and then in business development activities for alternative asset managers from new launches to established multibillion organisations – most recently at Broadwalk Asset Management and Galena Asset Management, part of Trafigura.
She is an active Member of the Executive Committee of the CAIA Association in London. Auer is a native of
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