Private equity fund services provider Ipes has appointed Andrew Whittaker and Nigel Strachan to its executive team.
Whittaker joins Ipes UK operation, which opened in 2005 and comprises over 20 staff, as managing director. He will be responsible for growing the business, with a particular focus on building the outsourcing practice. He has extensive experience of onshore/offshore vehicles, open and closed and traditional and alternative funds. Prior to joining Ipes he was managing director for Capita Financial Groups Specialist Fund Services division. He also serves on the AIC Technical Committee and AREF Regulatory Committee.
In Jersey, new managing director Nigel Strachan will lead the St. Helier-based business, which was established in early 2008 and has a team of nearly 20 people. He joins Ipes from Kleinwort Benson, where he was head of new business for corporate clients in Jersey. A chartered accountant, Nigel has more than 12 years experience in the funds industry with specific expertise in offshore structuring and the administration of private equity and mezzanine funds. Nigel is also chairman of the Jersey Funds Association.
These appointments are key to Ipes strategy for the continued growth business via the establishment of strong leadership teams in each of our locations, says Ipes Group Chief Executive Kevin Brennan. Both Nigel and Andrew have considerable technical expertise and knowledge of the market. Bringing individuals of their caliber on board is an important step in our development and makes a clear statement about our intention for growth in both Jersey and London.
Strachan adds: Ipes has a respected name in the funds industry, and I believe that there is a real opportunity to drive the continued growth of the Jersey based operation. I am looking forward to working with the team there and across the group in the coming months.
Whittaker adds: For me this is an exciting time to join a dynamic and growing business. With regulatory pressure on fund managers intensifying there will be increased demand for quality service providers to whom they can outsource back office operations. Ipes is well positioned to pick up on this trend and there is real potential to build on its success to date.