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Fulcrum, a Bermuda-based administrator for the global hedge fund and alternative asset management industry, has appointed industry veteran Fred Jacobs as managing director for business development in the US.
Reporting to global head of sales Glenn Henderson, Jacobs will lead sales and marketing efforts in the US, responsible for sourcing and closing new business and overseeing client service. He also joins Fulcrum's global executive management team, which is responsible for leading the firm's strategy and growth.

'Fred brings 20 years of experience in global financial services and alternative sales and relationship management to Fulcrum,' Henderson says. 'His expertise in creating opportunities to access new markets, and his extensive network of contacts with key business leaders, will serve as vital additions to Fulcrum at this stage of the firm's evolution.'

Adds chief executive Akshaya Bhargava: 'Fred is well known in the hedge fund administration industry, and we expect him to play a leadership role in the growth of our business.'

Jacobs joins Fulcrum from PFPC Global Fund Services, where he was senior vice-president for global fund business development, responsible for managing the international and alternative investment sales forces and developing strategy.

Before PFPC in 1996, he was responsible for marketing investment management services and trust products in Latin America for the international private client division of Bank of America, based in Los Angeles. Jacobs also spent extended periods as an international trade banker in the US, Europe and Asia. 

'Fulcrum has created a scalable platform for growth, with the people, processes, and technology in place that allows for exceptional client service,' Jacobs says. 'Few if any fund administrators can match our ability to deliver in all areas. I am particularly excited to be joining Fulcrum following the recent investment in the firm by 3i, which combined with the existing service model makes Fulcrum a unique proposition in the market.'

Established in Bermuda in 1995, Fulcrum also has offices in New York, London, Canada, the Cayman Islands and India.

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