Butterfield Fulcrum Names Foley CFO

May 18 2011 | 10:48am ET

Sean Foley has become chief financial officer and chief administration officer of hedge fund administrator Butterfield Fulcrum and the family office administrative services firm FORS.

Butterfield Fulcrum was purchased by former BFG executives (and FORS owners) Glenn Henderson and Tim Calveley and BV Investment Partners earlier this year. The new owners are housing BFG and FORS under a single parent company while leaving the two units to operate independently.

Prior to this appointment, Foley served as Butterfield Fulcrum’s group financial controller. He is based in BFG’s Waterloo, Ontario office, one of the company’s three Canadian offices. He has over 14 years of experience in financial leadership roles at public and private Canadian companies. A chartered accountant, Foley began his career with Ernst and Young.

“We are delighted to expand Sean’s role within the new entity, providing continuity to our team,” said Glenn Henderson, CEO of Butterfield Fulcrum. “He will be responsible for the integrity of the companies’ financial information and systems, as well as a key part of the executive team at Butterfield Fulcrum and FORS.”

Bermuda-based BFG has some US$70 billion in assets under administration.

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