Butterfield Fulcrum Establishes West Coast Presence, to Be Led by Brian Young

NEW YORK, NY and SEATTLE, WA--(Marketwire - Jun 15, 2011) - Butterfield Fulcrum, a leading top five independent fund services provider, is pleased to announce that it has established a presence on the West Coast to be led by Brian Young.

Based in the Pacific Northwest Mr. Young, a Director of Business Development, will be responsible for promoting Butterfield Fulcrum's fund administration services to investment managers across the west coast and mid-west markets. Previously, Mr. Young was located in New York and joined Butterfield Fulcrum in 2010.

"There are tremendous opportunities for Butterfield Fulcrum to provide its full-service administration offering to the investment communities on the west coast as well as the mid-west as these markets are home to a vast number of hedge funds, fund of funds, family offices, private equity and real estate funds," said Glenn Henderson, CEO of Butterfield Fulcrum. "We are pleased to announce that Brian will spearhead these efforts and ensure that the appropriate resources are allocated to facilitate and support the needs of our expanding client base."

"There are many opportunities within this region from existing funds, new fund launches and spin-offs, as well as impending changes in regulation that will see an increase in the demand for third party fund administration and greater operational infrastructure," said Mr. Young. "Butterfield Fulcrum brings both a comprehensive client integration process for on-boarding new funds as well as significant experience in providing the tools and resources that investment managers seek from their service providers."

Mr. Young joined Butterfield Fulcrum from BNP Paribas - Corporate and Investment Banking where he held various positions within the Equity & Commodity Derivatives Group including: Hedge Fund Derivatives, Capital Introduction and their Managed Account Platform business.

About Butterfield Fulcrum
Butterfield Fulcrum is a leading independent fund services provider with 25 years of experience servicing clients in the alternative investment industry. Butterfield Fulcrum provides a full-service fund administration offering including front, middle and back office solutions to hedge funds, fund of funds, managed accounts, private equity and real estate funds. The company services more than 800 funds and has 10 offices in nine countries and employs over 500 people. For more information, please visit www.bfgl.com.