Fund administration outfit Crestbridge has appointed a new chief executive officer to succeed Graeme McArthur effective July 2021.
Dean Hodcroft will join the fund administrator, with $130 billion in assets under administration, from Cale Street Partners where he established himself as a leading figure in European real estate consulting.
His previously spent 26 years working for Ernst & Young in London, having led their real estate tax group for the UK and acted as head of their real estate industry practice for EMEA, where he advised the firms major clients including real estate funds, investors, developers, family offices and sovereign wealth funds.
Hodcroft will relocate to Jersey, from London, in April 2021 to take up the role subject to regulatory consent and will work closely with McArthur and Crestbridge’s senior leadership team to ensure a smooth transition prior to taking up the role as CEO in July 2021.
“I am excited to be joining Crestbridge and focusing on the future growth and wider strategic plans over the coming years,” said Hodcroft. “As a client, I have witnessed the dedication to client service and operational excellence after working closely with the Crestbridge team over a number of years. I am now looking forward to working with the team as colleagues to drive the next phase of growth for the business.”
McArthur leaves after a decade with the fund administrator. During his time he has overseen the expansion of its footprint from Jersey into the key financial centres of London, Luxembourg, New York, Cayman and Bahrain.
The business has grown from 50 to 350 employees and now provides outsourced administration services to a book of institutional and family office clients.
After stepping down from this leadership role, Graeme intends to stay with Crestbridge and work with clients with whom he maintains strong relationships.
“Graeme has made a remarkable contribution to the success of the Crestbridge Group providing the vision and long-term client focus that will support our future continued growth,” said Crestbridge chairman, John Harris. “The robust platform established under his leadership places Crestbridge in a strong position to achieve our ambitions for future success. We are delighted to appoint Dean as Graeme’s successor and look forward to the new perspective that his skills and experience will bring to us.”