Ultimus appoints head of private fund sales

Ultimus Fund Solutions (Ultimus), an independent technology driven provider of full-service fund administration, accounting, and investor solutions, has appointed industry veteran Frank Anduiza as Executive Vice President, Head of Private Fund Sales, for Ultimus LeverPoint, the firm’s private fund administration services group. 

Anduiza will be responsible for new logo revenue of the private fund administration business by driving new client wins and overseeing the private fund business development team at Ultimus LeverPoint (ULP).

“We are very excited to have Frank join our growing team at Ultimus LeverPoint,” says Gary Tenkman, CEO of Ultimus. “He possesses broad experience in the private fund market segment and keenly understands the financial products that we service. He has a demonstrated ability to deliver results and is well connected to industry business partners. Frank has been successful as both an individual contributor and as a leader overseeing a sales team in the private fund space, and his talent will be critical to expanding our client base.”

Anduiza joins Ultimus LeverPoint after departing BNY Mellon as Head of US Business Development where he established and led a sales team focused on selling fund administration services to alternative investment managers in the private equity, hedge fund and real estate segments.

David MacPhee, CEO of Ultimus LeverPoint, says: “I look forward to working closely with Frank and tapping into his experience and his high level of discipline, energy and focus to help us grow our private fund administration business. Having Frank on our team will allow us to capitalise on our market position and our strong service reputation, and that’s exciting.”

“I am very pleased to join Ultimus LeverPoint and head up the private fund business development efforts,” says Anduiza. “The professionals at ULP have worked diligently to establish the firm as a leading boutique provider in this industry through their delivery of high-value services and a client centric model. Ultimus LeverPoint is poised to take advantage of the market opportunity, especially given their continued investments in industry leading technology. I look forward to leveraging my institutional experience and knowledge to deliver high quality growth for the firm.”

Prior to his position at BNY Mellon, Anduiza was a business development executive based in New York at Citigroup Prime Brokerage. He also served as a business development executive focused on private markets, helping to creating solutions for large and mid-sized asset managers. Earlier in his career, Anduiza served as counterparty credit officer at both Credit Suisse and JP Morgan.