Butterfield Fulcrum, an independent administrator for the alternative investment industry, has announced the appointment of William Montgomery as director of business development, and Maribel Montero Cowell as senior business development manager.
'Compliance and regulatory pressures are raising the profile of operational risk management amongst funds' says Joost Lobler, managing director business development for Europe, Middle East and Asia.
'A growing numbers of alternative managers are seeking a more full service offering, especially middle office services, in order to demonstrate to their investors that their systems, controls and governance are effective. As a result we see an increased interest in our services, and have decided to invest further in business development.'
Based in the firm's London office, Montgomery and Cowell will both report to Lobler.
Montgomery brings 15 years' experience in global fund administration to Butterfield Fulcrum, most recently serving as vice president for JP Morgan Hedge Fund Services. He has also held roles in Daiwa Securities and PFPC International.
Cowell joins from Equity Trust, where she worked at equity fund services as business development manager for Europe. She also held several roles at Goldman Sachs and UBS.