Butterfield Fund Services, the fund services business of The Bank of N.T. Butterfield & Son, has appointed Tim Shave as Director of Marketing, based in London. Shave will report to Andrew Collins, Managing Director, Butterfield Fund Services (Bermuda) Limited.
Providing valuation, accounting, corporate and shareholder services to offshore hedge funds and mutual funds, Butterfield Fund Services has offices in Bermuda, Cayman, The Bahamas and Guernsey, with total funds under administration of $47 billion*.
Shave’s appointment, which reflects the growth of the hedge fund industry in London, is the first permanent presence in London for Butterfield Fund Services.
Shave’s responsibilities will be to network with UK-based lawyers, prime brokers and hedge fund managers and act as a regional point of contact for those looking to administer their hedge funds in an offshore location where Butterfield Fund Services has a presence.
Shave is a qualified accountant and has worked for Butterfield Fund Services since December 2001. Promoted to Assistant Vice President in 2003, prior to his current appointment, Shave was responsible for a team of accountants and administrators providing full hedge and mutual fund administration services for offshore entities. Shave has previously worked for Deloitte and Touche in Bermuda and Roffe Swayne Chartered Accountants in the U.K.
“I am extremely pleased to appoint Tim to this strategically important post for our business,” says Collins. “We are well recognised in the industry as an established provider of offshore fund administration services, especially in the hedge fund industry, which most benefits from our focused levels of service. For the fast-growing hedge fund industry in London, we wanted to provide an experienced and highly qualified contact who could advise and refer entities looking to administer their funds offshore. Tim’s experience in the business makes him extremely well positioned to promote the services that we offer in all our jurisdictions.”