Appointments / 25 August 2017
Crestbridge bolsters funds proposition with senior Jersey appointments
Michael has over 20 years of experience in fund administration and in providing high quality services to multi-jurisdictional fund investment structures. He takes on overall responsibility for clients and growing and developing the firm’s fund services business from Jersey, a business that spans the full range of private equity, debt, real estate and hedge fund asset classes.
He joins Crestbridge from State Street in Jersey where he was a Senior Vice President. Prior to that, Michael was Managing Director of the Swedish-owned private equity firm EQT Funds Management Limited in Guernsey where he worked for more than twelve years; he has also held numerous senior level positions in other third-party fund administrators. Michael is a member of the British Private Equity & Venture Capital Association (BVCA) Channel Islands Committee.
Meanwhile, John brings with him more than 10 years of experience as a practising lawyer specialising in Jersey funds as well as being a Solicitor of the Royal Court of Jersey. As Client Director he is responsible for overseeing the administration of a portfolio of private and regulated public fund structures, whilst maintaining and developing relationships with existing and potential new clients and intermediaries.
He joins Crestbridge from Mourant Ozannes where as a senior associate he advised on fund formation, Jersey regulatory law advising hedge, real estate and private equity funds and fund promoters. John also spent time recently working with the JFSC, the Jersey regulator, where he assisted the Trust Company Business (TCB)/Fund Services Business (FSB) Supervision and Fund Authorisation teams with various projects including the new Jersey Private Funds regime.
Commenting on the appointments Graeme McArthur, CEO, Crestbridge said: “Michael and John bring considerable knowledge and an impressive skill set to our fund services team, which will be invaluable as we continue to grow our funds business.
“Against a complex international regulatory backdrop, we are seeing strong demand from alternative fund managers in the UK, Far East and US for high quality fund administration solutions through Jersey and we continue to be focused on providing the highest quality of fund administration services as well as innovative solutions, such as our Jersey ManCo, to meet that demand. Both of these senior individuals will be instrumental in maintaining that growth trajectory as we grow to service client demand.”
The administration of multi-jurisdictional funds represents one of the most important service areas for Crestbridge which serves international blue-chip corporate companies – including FTSE 100 companies, banks, pension funds, real estate, private equity and venture capital funds – and has over US$115 billion of assets under administration across multiple structures.