Butterfield Fulcrum Names New CEO

Jul 8 2010 | 8:56am ET

Hedge fund administration firm Butterfield Fulcrum has appointed Michael Clark as its new chief executive officer.

Clark was most recently president of the institutional products group at Fidelity Investments, and prior to that he was CEO of both JPMorgan’s Worldwide Securities Services and its Trust and Clearing Services.

The appointment comes as Akshaya Bhargarva, current CEO, leaves the company after three years at the helm of the business.

“The move complements Butterfield Fulcrum’s continuous effort to attract the best executive expertise available with new and emerging  technologies to deliver a truly best-of-breed set of solutions," said Jill Considine, chairman of Butterfield Fulcrum.

Butterfield Bank and Fulcrum Group merged in 2008, creating the current entity.


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Chicago-based independent futures brokerage and clearing firm R.J. O’Brien & Associates (RJO) has hired industry veteran Daniel Staniford as Executive Director, responsible for the firm’s institutional business development in New York and London.

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