Ipes Guernsey's senior client facing team has been strengthened with three internal promotions.
Two Assistant Directors David Bolton and Teresa Le Couteur have been promoted to Client Director and will each take responsibility for a portfolio of the firm’s clients.
David Bolton joined Ipes two years ago from a role in Estonia where he worked on a fund administration outsourcing project for Hansabank (now Swedbank). Before this he was based in London working for a number of Private Equity houses including 3i.
Following his appointment David Bolton said, “I am delighted to have become promoted to the position of Client Director, my new role will present me with a number of fresh challenges which I am looking forward to.”
Teresa Le Couteur is now in charge of one of Ipes’ largest client groups. With more than 12 years experience in the Channel Island funds’ industry she joined Ipes in 2009 from another fund administrator where she established and managed the company’s Hedge Fund Team.
Heidi Mauger has also been promoted from Head of Section to Assistant Director. She has more than eight years experience in administering private equity funds and specialises in fund of funds structures.
Michel Davy, Ipes Guernsey’s Managing Director says, “I’m delighted we have been able to fill a number of key client facing roles from within the firm. As a business Ipes places great importance on the development of its people and these promotions are a testament to the hard work and dedication of these individuals.”
“Ipes Guernsey is continuing to grow following several new business wins. Our ability to provide outstanding service delivery has been central to our success to date and these promotions further underline our commitment to meeting the needs of our clients” Michel Davy concludes.
The company’s growth locally mirrors that of Guernsey’s fund industry. Figures released by Guernsey Finance last week show the value of the investment fund business in the island grew by £6.2 billion (2.4%) during the first quarter of the year. The increase represents the seventh consecutive quarter of growth and takes the net asset value of funds under management and administration in the island to a new record high of £263.6 billion at the end of March 2011.
A number of other internal promotions have also been made across the Ipes Group.
Ipes has recently been recognised through a number of industry awards. Ipes UK was named Fund Administrator of the year in the UK and Ireland by ACQ magazine and was named by Deal Makers as the Investment Funds Advisory firm of the year and CSR firm of the year in the Channel Islands.