ALPS Fund Services has opened an operational office in Toronto to provide investor services to ALPS’ offshore business, specifically alternative funds.
In addition to the newly launched offshore operation, ALPS recently hired Mariana Salamanca as a sales and marketing executive in the New York office. She will report to Jason Cholewa, who heads up East Coast Business Development for ALPS’ alternative investment group, and will focus on further developing the firm’s hedge fund business in New York.
“The growth and expansion of our hedge fund administration business continues said Jeremy May, president of ALPS Fund Services. “As part of the DST family, we can leverage their global footprint and resources to further enhance services to our clients.
“The growth of our East Coast sales team combined with the opening of our first international office is in direct response to the needs of our expanding client base,” said Mike Procter, senior vice president and director of business development. “We will continue to explore other opportunities both on and offshore in order to provide additional value to our clients.”
(JDC)