Award winning Fund Administrator grows UK presence with two senior level appointments
Leading European private equity fund services provider, Ipes, has appointed Justin Partington to its Executive Board.
As Commercial Director, Justin will spearhead the continued development and growth of Ipes’ business across the group, with a specific focus on the UK and Europe following the firm’s recent move into Luxembourg.
Justin has over 11 years experience in the funds industry, spanning the alternative investment asset class. He joins Ipes from a London-based fund administrator, where, as Head of Private Equity, he was responsible for existing client relationships, operational sales to prospective clients, and building the client and intermediary network. Previously, Justin was Division Head of UBS Fund Services in the Cayman Islands and Toronto.
Kevin Brennan, Ipes Chief Executive says “Attracting someone of Justin’s calibre to Ipes is a testament to the strength of our reputation in the market. His skills and experience will help us to continue to grow and take advantage of our broader jurisdictional footprint”.
“I am delighted to be joining Ipes’ dynamic team”, says Justin. “Ipes’ investment in proprietary technology and expansion into Europe with full service operations in each location was well timed. In light of the ongoing changes in the funds industry, including the trend towards outsourcing and the progress of the AIFM directive, there is real potential to grow the business further and I look forward to playing a part in its future success” he continues.
Justin will be based in Ipes’ London office. He joins Chairman Richard Grainger, Chief Executive Kevin Brennan, Operations Director Barry McClay and CFO Gavin Hayman on the Executive Board.
In addition to Justin’s appointment, Ipes has further strengthened its London team with the promotion of Caroline Ferguson to Operations Director. Caroline, who heads the 20 strong London based team, first joined Ipes in Guernsey in 1998. After a break of four years working in audit in London for a top ten accounting firm she returned to Ipes in 2006 to establish the UK office. Caroline will continue to develop Ipes’ core capability in areas such as investor reporting and accounting as well as identifying opportunities to further support its client base.
Ipes was founded in 1998 in Guernsey. Today it employs more than 120 staff across offices in London, Luxembourg, Jersey and Guernsey and has upwards of $37bn assets under administration. Following a Management Buyout in 2008, Ipes has continued to win new business despite the economic downturn.
The firm has also won three highly regarded industry awards in the last six months – Specialist Professional Services Firm of the Year (Private Equity Awards 2010), Investment Funds Advisory Firm of the Year in the Channel Islands (Corporate Intl Global Awards 2010) and Administrator of the Year (EVCJ Awards 2009).