Private equity fund administrator Ipes has appointed Chris Merry as chief executive officer from April 14 2014.
The current Chief Executive, Kevin Brennan, is stepping down for family reasons, after a six-year tenure.
Most recently, Merry served as CEO of RSM Tenon, which was sold to Baker Tilly in 2013. He has also held leadership positions at financial and professional services businesses, including PricewaterhouseCoopers, Clifford Chance and Whitehead Mann.
This appointment comes during a period of significant growth for Ipes, which was backed in August 2013 by European private equity firm Silverfleet Capital in a £50 million buyout. Under Chris Merry’s leadership, the business will continue to prioritize industry-leading service levels, whilst also seeking to support its clients with new and complementary services in the wake of increasing regulation such as AIFMD, FATCA and Dodd-Frank, says Ipes. Ipes launched a new depositary service in July last year in response to recent AIFMD regulation, and now provides depositary services to the private equity community with over 20 mandates won.
Geraldine Kennell, partner of Silverfleet Capital and a member of Ipes’ board, comments: “Chris brings a wealth of experience from client servicing businesses to Ipes and this will be extremely valuable as the business expands both organically and through acquisition in key European jurisdictions. The outlook for outsourcing of private equity administration remains positive as funds continue to manage increasing regulatory and investor demands that are costly to provide in-house.”
Ipes Names New CEO
Private equity fund administrator Ipes has appointed Chris Merry as chief executive officer from April 14 2014.