Service update: Tracking third party providers – December 2012

• KPMG continues to bolster its alternatives practice with five more hires. The new recruits include Daniel Prager who joins the firm as a managing director in its federal tax practice, where he will focus on private funds. Previously he served as head of corporate finance for Telefónica Czech Republic.

• Accounting and consulting firm BDO has named Todd Kinney, a former regional director of business development for the firm, as relationship director for the firm’s national private equity practice.

• The fund administration arm of Northern Trust has appointed Edwin Parker to expand its private equity business development team across the UK, Ireland, Luxembourg and Channel Islands. Parker joined Northern Trust last month from fund administrator Butterfield Fulcrum, where he was managing director.

• BNP Paribas Securities Services launched an administration service to help Australian institutional investors manage their private equity investments more efficiently. The service gives Australian funds access to detailed risk analytics and performance reporting. It also allows investors to meet certain compliance and auditing requirements by sizing up funds’ underlying risk and market exposure.

• Mayfair-based Murano Systems is planning to open an office in New York in early 2013. This will be the company’s second office and will offer the same services as the company’s existing London operation – Murano’s team of analysts call investors around the globe in order to pre-screen potential interest in a clients’ fund.