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Bermuda-based fund administrator Meridian Fund Services has been acquired by an Island-based subsidiary of Japanese banking giant Mitsubishi UFJ Trust and Banking Corporation. The deal means Meridian, which has assets under administration of some ...

Forensic accounting specialist KRyS Global is bringing in Mathew Clingerman to take the role of managing director in its Bermuda office. Mr Clingerman, who is replacing Patrick McPhee, will relocate from the firm’s Cayman Islands office, where he hel...

You will hear, from time to time, the assertion that international businesses in Bermuda should be doing more to help us with the challenges that we face as a nation. This thinking is understandable given many of the companies in the IB sector have ...

The Bermuda Business Development Agency (BDA) has added four new positions to strengthen its marketing, communications and event planning capabilities. The new hires are: Shane Mora, director of corporate communications; Yvonne Decosta, marketing man...

Apex Fund Services has launched its three-hour hedge fund net asset valuation (NAV) reporting service called Tzero, giving fund managers the world’s fastest portfolio valuation service. The Tzero service will leverage Apex’s real-time portfolio manag...

Bermuda Commercial Bank Ltd, BCB Paragon Trust Ltd along with well-known cyclist Neil de ste Croix are among those being sued because of the alleged “brazen and extraordinary breach of their fiduciary and contractual obligations” which resulted in th...

Bermuda is in prime position to capitalise on China’s booming economy, a top trust fund adviser told a conference yesterday. Joe Field, of London-based global law firm Withers, told the conference that the Island’s trust fund industry could prove att...

Global assets under management will top the $100 trillion mark by 2020, according to a new report by professional services firm PwC. And the industry will come out of the shadows of related businesses like banking and insurance and move to centre sta...