Latest News
Lisa Le Gresley (pictured) has recently joined Jersey Trust Company (JTC) as a Director in the Corporate Services Division and will focus on developing JTC’s fund services and real estate client base.
Le Gresley is a Chartered Accountant and holds an MBA. She will be responsible for building relationships with the local funds’ industry, developing new business opportunities and acting as client director on a portfolio of international fund clients.
Having previously worked as a director in the Corporate Fiduciary Funds Division at Kleinwort Benson, Le Gresley has over 10 years’ funds industry experience with specific expertise in offshore structuring
Alison Hyde (pictured), technology fund manager at Cavendish Asset Management, assesses the impact and implications of LinkedIn’s successful IPO. The social networking site aimed at professionals and the business community, which became the first major company from the much-vaunted social media sector to go public when it began trading on the New York Stock Exchange this week, raised USD352.8m after upping the expected price range by 30 per cent from USD32-35 to USD42-45 a share and selling 7.84m shares. This gives the company a high market valuation of USD4.25bn, over 200 times its earnings for the last year.
The runaway
Neuberger Berman has named David Eckert as global head of infrastructure, effective 1 June. Eckert, who has 18 years of corporate technology and operations experience, comes to Neuberger Berman from ING, where he was global chief operating officer/chief information officer for its investment management and insurance business.
At Neuberger Berman, Eckert, 45, will report to Andrew Komaroff, chief operating officer, and work closely with the existing senior leadership of the firm’s information technology and operations groups.
“David Eckert brings deep and highly relevant experience to Neuberger Berman, supporting our mission of partnering with clients to achieve their unique investment objectives,’’
Washington DC-based private equity firm Monument Capital Group (MCG) has acquired Persistent Sentinel LLC, a provider of enhanced security and surveillance software products that automatically detect and analyse threats and protect assets.
Founded by former Carlyle executive Robert Dunn and former White House Special Assistant Douglas Baker. MCG focuses on investments in the homeland security and defence sectors. The acquisition of Persistent Sentinel will serve as a cornerstone of the firm’s overall efforts to bring leading edge security technologies to the global market.
Persistent Sentinel’s products are in use throughout the world by the military, international governments, and commercial entities
ARX Equity Partners, the Central and Eastern Europe‐focused private equity investment firm, has acquired a controlling stake in online pet-retailer Telekarma. Following the deal, ARX will focus on the merger of Telekarma with existing portfolio company Kakadu, a Polish pet products retail chain.
ARX originally acquired Kakadu in March 2009, taking a controlling stake in the business. At the time of the deal, the company was operating 25 stores located in shopping centres and at retail parks in large Polish cities. Since then, the chain has expanded to 34 stores, and plans to open another five outlets during the course
AXA Private Equity, the leading diversified private equity has acquired a 25% stake in Ticket Surf International (TSI), the leading French provider of e-money services, as part of an owner buy-out (OBO).
A capital restructuring at TSI will enable minority shareholders to withdraw and marks a new phase in the company’s development.
AXA Private Equity’s support, through its Innovation & Growth funds, will enable TSI to reinforce its leading position in the French online gaming market. The company aims to expand its international operations and also achieve deeper penetration in the e-commerce sector by launching a prepaid MASTERCARD and
Institutional Venture Partners (IVP) has promoted Jules Maltz (pictured) to General Partner. Maltz joins Todd Chaffee, Norm Fogelsong, Steve Harrick, Sandy Miller and Dennis Phelps as the sixth General Partner of the firm.
Maltz joined IVP in August 2008. He focuses on later-stage venture investments in rapidly-growing Internet and software companies. Maltz led IVP’s investment in Buddy Media and was actively involved in IVP’s investments in LivingSocial, Marketo, ngmoco, Sugar, Spiceworks, Twitter and Yext. He currently serves on the Board of Directors of Buddy Media and H5.
“Jules has consistently set the highest bar for himself and has exceptional investment skills,” says
Push Technology Ltd, a provider of enterprise messaging and Internet communications solutions, has secured an equity investment from Stephens Capital Partners, the family owned investment business based in Little Rock, Arkansas. Stephens’ investment will provide the company with the capital needed to accelerate growth in its key financial services and eGaming markets.
Push Technology has grown quickly to become a leader in the provision of real-time push engine solutions, increasingly establishing its Diffusion technology as the de-facto choice for organisations with mission-critical enterprise messaging applications. The company grew revenues by some 400 percent over the last year, and is targeting
BNY Mellon Alternative Investment Services (AIS) has topped USD400 billion in assets under administration, making it the second largest provider of solutions to hedge funds, funds of hedge funds, and private equity investments globally.
Since 2008, BNY Mellon AIS has doubled its alternative assets under administration, fuelled by increased market share and its acquisition of PNC’s Global Investment Servicing business last July. The company has seen growth both in the number and complexity of fund structures serviced, plus strong demand for its ‘prime custody’ offering as more hedge fund managers opt for an independent third-party provider to handle custody,
Munich-based venture capital firm Target Partners (www.targetpartners.de) has invested EUR2.5 million in Treasury Intelligence Solutions GmbH (TIS) (www.treasuryintelligence.com), a Walldorf, Germany-based developer of certified, wholly Web-based, highly integrated and multi-bank capable payment solutions. TIS will use the capital to expand development and sales efforts as well as to internationalize its operations.
TIS’ integrated multi-bank solution makes payment transactions for companies more efficient and secure. All mission-critical processes related to payment transactions – liquidity levels, payment status and bank account authorisations – are integrated into a single audit-proof application. On behalf of its customers, TIS takes care of managing various
Special Reports
Featured
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
