Guernsey-based fund administrator Ipes has appointed Sharon Alvarez as head of Risk and Compliance for the group.
Alvarez, who is a director of the business in Guernsey where she is responsible for technical and corporate governance matters, will take a seat on the boards of Ipes other jurisdictions and will report directly to Kevin Brennan, chief executive of the firm.
Brennan said: The funds industry has been hit with a barrage of new regulations. This poses a governance challenge and we have a responsibility to our clients to be thorough and proactive in our response.
A real focus is required to ensure that we remain ahead of the changing rules and standards. As a specialist we have been able to adapt quickly to achieve this, one element of which is creation of this important new role.
A qualified Accountant and Company Secretary, Alvarez joined Ipes in 2005.
(JDC)