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.


In Depth

Q&A: Sancus Capital And The Disruption Of The CLO Market

Oct 5 2017 | 6:28pm ET

Traditional collateralized loan obligation (CLO) funds in the U.S. market can offer...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Finding Success as Alternatives Converge

Oct 9 2017 | 4:00pm ET

Rising interest among institutional investors over the past several years has led...

 

From the current issue of