AIS Fund Administration, a global hedge fund administrator and provider of outsourced middle and back office functions, has hired Dominic Newland as vice president of its European sales team.

Newland was previously partner and sales director of Matrix-IMS. Prior to that, he was senior sales manager at Beauchamp Financial Technology.

Paul Chain, AIS president says: 'Dominic is an excellent addition to the AIS team. He brings an understanding of the alternative investment community, sales expertise and a reputation for integrity.'

AIS says it is expanding its sales and customer service force due to growth and client demand.

'Given the recent turmoil in the financial markets, we expect to see a move toward more regulation and transparency,' adds Chain. 'The market is moving in a direction where AIS already lives: daily reconciliation, daily NAV and full daily financial, P&L and operational reporting. We continue to experience strong demand for our services and Dominic's experience will be well-received by our current and prospective hedge fund clients.'

AIS has offices in New Jersey, London and the Cayman Islands. Its offering includes daily reconciliation of trades, positions and cash.