Jaron van Dam has been appointed Chief Commercial Officer of Prime Fund Solutions, Fortis Merchant Banking's alternative investment services unit.
Van Dam, 34, who will be based in London, will oversee the global offering of commercial services to the alternative and mutual funds industry, ranging from administration and custody to financing. Besides, he will further develop the strengths of Fortis Merchant Banking on the administration, financing and banking service product for alternative investors, both internally and externally.
Van Dam, who studied Business and Financial Economics at the Erasmus University of Rotterdam, has been working for Fortis since 1996. In his previous role he was Deputy Director of the Global Shipping Group, Rotterdam Branch.
'We are delighted that Jaron van Dam has joined our unit', says Alex Elfers, Chief Executive Officer of Prime Fund Solutions. His experience and successful track record will boost our sales activity and will benefit our expansion plans'.
Background notes: Fortis is an integrated financial services provider active in the fields of banking and insurance. With a market capitalization of EUR 38.3 billion at (31 March 2006) and around 57,000 employees, Fortis ranks in the top 20 of European financial institutions. In its home market, the Benelux countries, Fortis occupies a leading position, which it aims to develop and bolster. Fortis is drawing on the expertise it has acquired in its home market to realize its European ambitions via growth platforms. Fortis also operates successfully worldwide in selected activities. In specific countries in Europe and Asia it effectively exploits its know-how and experience in bancassurance. Fortis is listed on the exchanges of Amsterdam, Brussels and Luxembourg and has a sponsored ADR programme in the United States.
Merchant Banking is a division of Fortis and manages the global relationships with banks, institutional investors, fund managers, professional traders and large international corporate accounts. Merchant Banking offers a wide range of financial products, advisory services and other customized solutions.
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