Deutsche Bank poaches Lightyear exec

PE Manager tracks third party service providers: Lightyear loses an advisor to Deutsche Bank, Apex makes changes at the top in Bermuda and Silverfleet buys fund administration firm Ipes.

• Private equity firm Lightyear Capital has lost Jerry Miller to Deutsche Bank. Miller, formerly a senior advisor at Lightyear, will take on the newly created role of head of asset and wealth management for the Americas.

• Legal and fiduciary service provider, Bedell Trust, has named William McGilivray director in its London office – a new role within the firm. He joins from wealth and asset management frim Northern Trust where he worked with high net worth families. McGilivray also has experience in corporate and institutional banking, including global custody and fund administration.

• Apex Fund Services, the fund administration company, has appointed David Brown as managing director of Apex’s Bermuda office. Formerly of fund administration firm Butterfield Fulcrum, Brown replaces Peter Hughes, who managed the Bermuda office since its opening ten years ago. 

• Private equity firm Silverfleet Capital has acquired fund administration firm Ipes for £50 million (€59 million; $76 million) from RJD Partners. The acquisition is subject to regulatory clearance.

• Meanwhile Ipes has appointed an internal auditor to work across the company’s four jurisdictions, Guernsey, Jersey, London and Luxembourg, to provide assurance and manage internal controls. Andrew Bull takes on the new role having joined from commercial vehicle dealer Imperial Commercials, where he was UK group audit manager.

• BNP Paribas Securities Services has appointed Darren Banks to lead the development of its UK trustee and depositary business. Banks joins from State Street Trustees where he held the role of director. The firm will be offering a pan-European depositary services, according to a statement from the firm.