Fund administration firm HedgeServ is setting up shop in the Windy City. The new office in Chicago will be led by managing director Jerry Fuesel and include 22 professionals.
Fuesel joins HedgeServ from Amundi Alternative Investments Services, where he was most recently a managing director and global head of operations.
"By establishing a presence in Chicago, we are better positioned to service our clients in one of the preeminent global derivatives markets in the world," said Jim Kelly, co-founder and chairman of HedgeServ. "We now have a very experienced team in this important market."
In addition to Chicago, HedgeServ has offices in Dublin, New York, and Grand Cayman. The firm has approximately $90 billion in assets under administration.