NatWest Trustee and Depositary Services is continuing its relationship with Foresight Group LLP after being appointed the UK depositary for JLEN Environmental Assets Group Limited (JLEN). The appointment builds upon RBS International’s partnership with JLEN, where just last year the leading institutional banking provider committed a £34 million contribution to a £170 million syndicated facility, supporting JLEN in its latest renewable energy investments. JLEN is a Guernsey incorporated, London listed investment company, managing a diversified portfolio of environmental infrastructure projects and assets in the UK and Europe, including wind, solar, hydro, anaerobic digestion, waste & wastewater, and other low carbon

Almost half of financial services firms (44%) are planning to invest more in RegTech solutions in the next 12 months to cope with the growing pressure on the compliance function in this fast moving and increasingly complicated regulatory and operational landscape.  A further 41% expect to invest the same amount as the previous 12 months.   This investment is driving up the overall cost of compliance with almost all (90%) of financial services firms reporting increased compliance costs over the past five years. One in ten said costs have doubled.   That’s according to compliance technology and data analytics firm

HSBC Asset Management (HSBC AM) is creating a new unit, the Capital Solutions Group (CSG), to sit within its alternatives business, HSBC Alternatives. The CSG will raise funds and create bespoke offerings in private and sustainable assets delivering flexible capital solutions for both institutional and wealth clients of HSBC Asset Management.   The CSG will become a new horizontal within HSBC Alternatives, collaborating with the existing investment capabilities of indirect alternatives, private credit, venture capital and real assets, to develop and scale solutions for both issuer and investor clients.   Borja Azpilicueta will lead CSG and move to HSBC AM

Prometheus Alternative Investments, a Los Angeles-based fintech social marketplace providing institutional-quality information, insights, and alternative investment opportunities, has launched a new social network and digital fund marketplace. Prometheus allows investors of all types to connect with leading investment professionals through their in-platform social accounts. Investment professionals can create exclusive and compliant content, giving any investor access to quality investment insights and a chance to learn right from the professionals. By reaching new audiences, Prometheus’ in-platform social network democratises access to thought leaders and investors for all to access and learn. Additionally, Prometheus Marketplace offers accredited investors, family offices, and wealth

Temenos has launched Multifonds Navigator, a simple and cost-efficient NAV oversight and contingency solution for asset managers who outsource their fund accounting operations to third-party administrators.

MJ Hudson, an end-to-end solutions provider to the asset management industry, has formed a strategic partnership with financial and operational restructuring adviser, Cork Gully. The partnership has been formed to provide a range of services to private markets fund managers, investors and related parties, including the replacement of a general partner, and the continuation or winding down of funds and similar structures, particularly where that structure or a connected party is under stress.   The partnership will also assist where restructuring is desirable owing to strategic changes to an investment programme, or where a successful investment vehicle needs to restructure,

Gen II Fund Services (Gen II), an independent fund administrator in the alternative investment space, has selected NTT Ltd as its managed cloud services provider.

FundRock Distribution, an independent UCITS management company and AIFM investment fund manager has opened a new office in Amsterdam.