Butterfield Appoints New Biz Development Head

Nov 7 2008 | 10:07am ET

Fund administrator Butterfield Fulcrum Group has appointed of Joost Löbler as managing director for business development in Europe, Middle East and Asia.

Based in the firm’s London office, Löbler will be responsible for overseeing sales in those regions. He most recently served as managing director for Equity Fund Services, part of the Equity Trust Group.

“Europe, Middle East and Asia will continue to be significant growth areas for alternative investments and asset management, and we are pleased to have such an experienced and knowledgeable business development director to tackle these regions,” said Akshaya Bhargava, CEO of Butterfield Fulcrum. “With our recently announced merger, Butterfield Fulcrum Group has both the resources and talent to become the leading fund administrator in these high growth markets.”

Butterfield currently has US$100 billion in assets under administration from nearly 1,000 hedge funds, fund of funds, private equity and institutional investment management clients.

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