Meridian Fund Services Group has appointed Fergus Healy as chief executive, effective 15 August 2013.
Healy was most recently at JP Morgan Chase in New York as an executive director of the alternative markets group.
Healy has enjoyed a distinguished career in the hedge fund and private equity industries, which he commenced in 1996 at the global fund services division of the Bank of Bermuda (now HSBC) as a legal counsel. Healy later moved into a business development role at the Bank, first in Bermuda and then in New York. Healy eventually moved back to his native Ireland and joined the senior management team of Citi Europe’s securities and fund services division where he headed the alternative fund services group.
As CEO of Meridian Fund Services Group, Healy will direct all facets of the group’s growth, including building out the group’s middle and back offices services platform, implementing state of the art technology to service the group’s clients, meeting best practices expected of fund administrators in today’s environment and, when appropriate, establishing offices in other parts of the world. Healy will work out of the group’s New York office.
Healy says: “I am excited and honoured to be leading such a talented group of professionals into the next stage of Meridian’s development and growth.”
Tom Davis, who has served as the group’s chairman of the board and CEO since 2000, will maintain his role as chairman and will continue to serve on the boards of the group’s subsidiary companies as well as on the boards of many of the group’s clients.
Davis says: “While I will continue a very active role at Meridian, I am delighted that Fergus will be succeeding me as the chief executive officer. Fergus has unique experiences that will enable him to effectively lead us in our next evolutionary phase - he has lived and worked in various parts of the world, which will assist with Meridian’s plans to expand geographically. Moreover, he has a deep understanding and appreciation of the needs of institutional investors, which will further strengthen our ability to provide institutional quality services.”