Derivatives Portfolio Management, L.L.C. (DPM), the hedge fund administrator , today announced that Diane M. Cassidy has joined the firm as Managing Director, Client Services. Cassidy’s responsibilities include building the company’s client service team and ensuring the provision of support and service to its global client base, according to Robert M. Aaron, Chairman and CEO. “As our business grows, it is essential that we achieve and sustain excellence in client services,” says Aaron. “Cassidy brings a wealth of experience and a thorough understanding of the business. She is committed to helping each client develop creative solutions to their administrative needs as their businesses evolve and grow.”
Cassidy was previously Senior Director at ADP where she was primarily responsible for Fund Administration Sales and instrumental in product development, marketing and branding. Prior to joining ADP in 1999, she was a Vice President for Citibank’s Security Lending program. Cassidy began her career at Citibank in 1980 and had responsibility for several key areas including trading, risk, compliance, product management and sales.
“DPM has developed a substantial client base, and we have a tremendous opportunity to sustain and grow these relationships by helping our clients build for the future,” says Cassidy. “I am delighted to join DPM at this critical time when the hedge fund industry is expanding and DPM is on the verge of emerging as the best administrator in the business.”
DPM offers a collection of integrated back-office services to fund managers, proprietary traders, institutional investors and asset allocators who invest in a wide range of asset classes and instruments traded world-wide, including the most complex derivatives. Last year, DPM announced the formation of a strategic business alliance with Daiwa Securities Trust and Banking (Europe) plc (“DSTBE”), in order to provide administrative services to the Dublin-based DSTBE client group. DPM, which was established in 1993, currently provides services for approximately $14 billion of assets. Headquartered in Somerset, New Jersey, DPM has offices in Georgetown, the Cayman Islands, Nassau, the Bahamas, and London, England.