4Pines Fund Services has appointed an experienced private capital and asset management executive as its new president and chief client officer (CCO).
Celeste Barone joins 4Pines with 25 years’ experience managing the financial operations of multi-billion-dollar private capital and asset managers.
Most recently, she held the position of executive vice president and chief financial officer (CFO) of Commonfund, a $25 billion asset manager that offers investment solutions to non–profit institutions.
She was also a member of the executive committee and CFO of the fund’s $12 billion private capital subsidiary.
Previously, Barone was managing director of finance and chief compliance officer of Pomona Capital, a New York-based alternative investment firm specialising in secondary transactions with over $12 billion of capital since inception.
In her role as CCO, Barone will oversee efforts to grow and maintain client relationships.
“I joined 4Pines because of its unique position in the market – the business model is designed for CFOs by CFOs,” said Barone. “No other administrator can offer this perspective, high-touch service or superior technology platform.
“I know what it’s like to be in the CFO’s shoes and am excited about having the product and resources to provide such high-quality services.”
Barone joins up with former private capital CFO, Mike Trinkaus, CEO of 4Pines, of whom she was previously a client of.
“I am pleased to welcome Celeste to our team and believe her deep and extensive experience in leading financial operations of private capital businesses will make an enormous contribution to 4Pines and the key services we offer our clients,” said Trinkaus. “Her appointment further demonstrates the firm’s commitment to deliver superior customer service through a deep partnership with each client,” commented Mike Trinkaus, CEO of 4Pines.
Also joining 4Pines Fund Services recently are Jonathan North as head of product and Michael Stefanoni to lead AML/KYC and fund data operations, both from Alter Domus.