Intertrust’s growth ambitions shining through with global head of funds hire from Citi

Former Citi and JP Morgan fund services head joins rapidly-growing team at Intertrust.

By Jonathan Watkins

Intertrust has added another high-profile name during its recruitment drive by appointing Citi’s Patrick O’Brien as its global head of funds.

O’Brien joins after almost three years at Citi where he was head of fund services, Ireland and head of offshore sales. 

His appointment follows the addition of Ian Lynch, the former global head of alternative fund services at BNP Paribas, earlier this month. O’Brien will report into Lynch, and be responsible for leading Intertrust’s global fund strategy and expanding its client base among private capital fund managers and investors in Europe, North America and APAC. 

Intertrust has set its global ambitions high under the leadership of JP Morgan’s former global head of fund services, Stephanie Miller, who took up the role almost 18 months ago..

O’Brien previously worked with Miller at JP Morgan, where he held several roles including executive director, global head of fund services client strategy. 

“Patrick brings a wealth of experience to our global funds team at a time when the industry is looking to market leaders such as Intertrust to address their administrative and regulatory challenges through cutting-edge technology and specialist expertise,” said Miller.

“Patrick has a very strong track record and has all the qualities required to enhance our service offering and drive new client strategies.  I am delighted to welcome him on board.”

Since Miller’s appointment, the firm has also added James Ferguson, a former global head of alternative fund services at JP Morgan and senior vice president of investment services at US Bank, as its head of Americas. 

Intertrust has also grown its business outside of the high-level appointments, announcing its new Irish fund administration business last year, stating it would recruit 60 new staff for its Dublin-based operation over the next few years.

Laying out a three-year strategic plan in September 2018, Intertrust said acquisitions would play a central role in growing its fund administration business alongside organic growth.

“Disciplined M&A is back on the agenda with the United States and Asia as priority regions. To strengthen its competitive positioning Intertrust has started to explore the use of shared services for some of its core activities,” stated Intertrust at the time.

It also set out a guidance of 3-5% growth year-on-year, and will look to invest in cost-efficiency measures, business development and new solutions.