About us Search

Former Sanne execs set up new fund admin business

by Silvia Saccardi 26 May 2023

Marwyn Value Investors has invested £8m in Palmer Street, a fund administration service provider expected to be operational in 2024.

Palmer’s management team is made up of ex-Sanne Group senior professionals: CEO Martin Schnaier, CFO James Ireland, chief legal officer James Bermingham, chief strategy officer Jason Bingham and COO Phil Godley.

Sanne was acquired by Apex Group in August 2022 for £1.5bn.

Marwyn is the lead investor, with James Corsellis, chief investment officer of the firm, joining the board at Palmer.

Schnaier, CEO of Palmer, commented: "We are delighted to partner with Marwyn as we embark upon an exciting new journey of private capital servicing. We believe the industry has reached an inflection point and an opportunity exists to create a platform capable from inception of meeting the demands of a modern operating environment."

1 June 2023

What the AI?! Canoe Intelligence

Our new AI series kicks off by exploring the burning questions with Aman Soni, VP of data strategy at Canoe Intelligence

1 June 2023

Spaulding Ridge expands tech offering

Company launches tool to optimise technology implementation and speed up revenue operations

31 May 2023

Answering the right questions

GPs and LPs agree qualitative ESG reporting is a crucial competitive advantage but disagree on reporting requirements, says PwC

31 May 2023

Apex launches fundraising services

Offering combines rebranded platform with series of events

30 May 2023

Column: A mindfully bigger brain

Natalia Ramsden of Sofos Associates discusses the benefits of meditation as the golden ticket to brain hacking

30 May 2023

Gottschalg Analytics powers up

Company aims to provide performance intelligence services via proprietary algorithms