Jeffrey Strauss Returns to Butterfield Fulcrum to Head U.S. Operations

NEW YORK, NY and LONDON--(Marketwire - Jul 13, 2011) - Senior industry executive Jeffrey Strauss has returned to Butterfield Fulcrum, a leading top five independent fund services provider, to head US operations. As President of Butterfield Fulcrum Group (US) Inc., Mr. Strauss will be responsible for all aspects of the US market for the company including sales, marketing, operations and growth.

"Jeff is a senior and seasoned industry executive and we are delighted to welcome him back to Butterfield Fulcrum, where he will be responsible for further strengthening our client relationships and our industry presence, " said Glenn Henderson, CEO of Butterfield Fulcrum. "With Jeff's return our focus will be to strengthen our middle office offering as part of our whole services solution. Jeff brings extensive experience with full service client solutions both for fund administration and the alternative asset management sector that will be of immediate benefit to our clients."

"Butterfield Fulcrum is poised to build on its reputation as a leading independent fund administrator and I am extremely pleased to be re-joining the team to help lead that effort," said Mr. Strauss, who will report directly to Mr. Henderson. "This senior management team has many years of joint experience and under Glenn's leadership we are again directing all of our efforts to providing our clients with an unrivalled full service fund administration service model."

Mr. Strauss brings more than 30 years experience in financial services and the alternative asset management sector with a focus on client services, fund administration, prime brokerage, hedge funds and broker dealers. Most recently, he was Global Head of Sales of HedgeServ Corp. and before that was Managing Director of Business Development at Butterfield Fulcrum. Prior, he was a consultant to Sierra Global, a European long short hedge fund. Mr. Strauss retired from Goldman Sachs in March 2006 after 23 years at the investment banking firm. At the time of his retirement he was the Chief of Staff for the US Client Services Group. Before being named Chief of Staff, he managed the Prime Brokerage Sales and Marketing team focused on fundamental long/short hedge funds.

About Butterfield Fulcrum

Butterfield Fulcrum is a leading independent 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 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.