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Butterfield Fulcrum Names Andrew Smith Head of Global Sales
| Source: Butterfield Fulcrum
LONDON and NEW YORK, NY--(Marketwire - April 22, 2009) - Butterfield Fulcrum, a leading
independent administrator for the alternative investment industry, today
announced the appointment of industry veteran T. Andrew Smith as the firm's
global head of business development and marketing.
Mr. Smith brings extensive experience in fund services and a strong track
record of global institutional sales growth, business development, and
relationship management. In this position, he will lead the firm's global
sales, business development, and marketing efforts as it expands its
services to alternative asset managers and their clients. He will be based
in the company's New York office, and will oversee Butterfield Fulcrum's
teams in Europe, Asia and North America.
"We believe that there are tremendous opportunities globally to meet the
new demands for operational and technological platforms that can enhance
the level of reporting, accounting and valuation for alternative asset
managers and their clients," said Akshaya Bhargava, CEO of Butterfield
Fulcrum. "Andrew brings a wealth of sales and business development
experience in global fund services and is the ideal person to lead our
efforts in delivering these services. We are excited to have him join the
team."
Mr. Smith's leadership and experience in directing global sales and
development will play a critical role at Butterfield Fulcrum, both given
the current market climate and as the firm continues to evolve into a
leader in global fund administration services.
"To maintain and grow assets, alternative asset managers will need to
demonstrate that their systems, controls and governance are effective. With
our full service offering and global operating model, Butterfield Fulcrum
is well positioned to meet these requirements," said Mr. Smith. "I am
looking forward to furthering our global business development efforts and
advancing the next generation of Butterfield Fulcrum's fund administration
services. This is an important juncture, not only for Butterfield Fulcrum,
but for the alternative investment industry as a whole."
Mr. Smith brings nearly 20 years of institutional sales, business
development and client service experience in securities, global fund
services, plan sponsor services, and global investor services to
Butterfield Fulcrum. He most recently served as a managing director and
head of North America in global transaction services at Citi overseeing a
$1.0 billion securities and fund services region. Before joining Citibank,
Mr. Smith served as senior vice president of plan sponsor services at The
Bank of New York and spent ten years at the State Street Corporation. He
holds a degree in business education and business administration.
Note to editors:
About Butterfield Fulcrum
Butterfield Fulcrum is a leading, independent administrator with 20 years
experience servicing the alternative investment industry. Led by
experienced professionals, Butterfield Fulcrum provides their clients with
exceptional and customized fund administration solutions. Headquartered in
Bermuda, the company has offices in nine countries and services over 700
funds. For more information, please visit www.bfgl.com.