Custom House Global Fund Services, a provider of financial services to the alternative investment sector, has opened a New York office and expanded its business development team.
Custom House now has seven global locations, over USD40bn of assets under administration and 200 staff.
Joining Custom House in New York is Peter McCulloch and Anthony Stanziano as commercial directors. Both positions will report to Scott Price, head of sales for the Americas, who is located in the company’s US headquarters in Chicago. Internally, Greg Colanto has also been promoted to commercial director in Chicago.
“The opening of a New York office and hiring of a seasoned sales and business development team for the North East region is part of our strategic expansion in the US, which we view as an important market in our global footprint,” says Mark Hedderman, chief executive of Custom House Global Fund Services. “We are pleased to build out our team as the firm prepares to roll out on new offerings and products that have been developed specifically for the US market, to help fund managers meet the challenges of shifting regulation, complex markets and the need to manage and monitor their businesses in real-time.”
McCulloch was most recently at Lombard Street Research, where he was a senior sales manager responsible for selling institutional research to hedge funds, asset managers, and mutual funds. Prior to that McCulloch was one of the initial three salespeople to launch Strategas Research Partners, a global macro-economic, investment strategy, and Washington policy broker-dealer. He began his career in sales at Citigroup Global Markets.
Stanziano has 12 years of both operational and front office industry experience, with a focus on client service. Prior to Custom House, he worked at Deutsche Bank for six years, where he served as a relationship manager within the prime brokerage business.
Prior to becoming a commercial director, Colanto was a senior fund accountant and team leader at Custom House for seven years.