BNP Paribas’ former global head of alternatives joins Intertrust

Intertrust has grown its business in Ireland, opening a fund administration business a plans to recruit 60 new staff for its Dublin-based business.

By Joe Parsons

Fund administrator Intertrust has made another significant hire to its Irish team with the addition of BNP Paribas’s former global head of alternative fund services.

Ian Lynch will join the Dutch-headquartered firm as chief commercial officer, based in Dublin, and Intertrust’s executive committee from 1 July.

He will be responsible for driving commercial strategy and business growth, including marketing, sales and service innovation.

Lynch served on BNP Paribas Securities Services’ executive committee as global head of alternatives investors for nearly four years.

He also served as global head of prime fund services and country head of Ireland for Credit Suisse for eight years. Lynch joined BNP Paribas following the French bank’s acquisition of Credit Suisse’s prime fund services in 2014.

“I’m very pleased to welcome Ian to Intertrust to take ownership of our client-centric commercial strategy to enable global businesses to grow sustainably,” said Stephanie Miller, CEO, Intertrust.

“With a dynamic industry professional like Ian, who has a track record of over 20 years in the alternative investment space, we strengthen our position in the alternative funds industry.”

The departure of Lynch is the latest for BNP Paribas’s fund services team, after Páraic Cosgrave, its former global head of sales and relationship management for alternatives, left in September last year for hedge fund Abbey Capital.

Meanwhile, Intertrust has grown its business, announcing this week it will open an Irish fund administration business. Last year, it also said it would recruit 60 new staff for its Dublin-based business over the next few years.

Lynch is also the latest high-profile hiring for the fund administration business led by Miller, JP Morgan’s former global head of fund services.

Last year it also appointed James Ferguson, a former global head of alternative fund services at JP Morgan and senior vice president of investment services at US Bank, as head of Americas.