Rebecca Akrofie
The regulator is recommending a UCITS-style approach to asset segregation rules in the event of depositary insolvency.
In the week the private equity giant announced its heirs in waiting, pfm revisits co-founder George Roberts’ comments on handing over the reins, and looks at what makes an effective succession plan.
The bank already has a five-year extension to comply with the regulation.
The recent MJ Hudson research also showed managers with less than $1bn in assets ‘seldom have an ESG policy’.
The shrinking administration market means smaller private equity firms are missing the bespoke treatment they require, says one CFO.
.jpg?id=12885368206 "UBS backs iCapital Network")
The financial group is the second major investor in the alternatives platform following BlackRock.
The fund services and technology firm has also appointed a business development lead in New York.
Kirkland & Ellis has appointed former SEC division chief as a partner, while Société Générale has announced a new head of private equity in Switzerland.
The regulator’s sector-specific guidance continues to ‘state the obvious’ according to one regulatory lawyer.
Michael Mazzola recently retired as alternatives head at insurer MetLife.