Pinnacle Opens Office in New York

Pinnacle Fund Administration has opened an office in New York and has hired Randy Troy as managing director, who will run the office.
By Jake Safane(2147484770)
Pinnacle Fund Administration has opened an office in New York and has hired Randy Troy as managing director, who will run the office.

The new office is the company’s fourth, with its headquarters in Charlotte, North Carolina, and offices in Vancouver and the Cayman Islands. The New York location will be a full operation office designed to accommodate managers based in the New York area looking for looking for service from local personnel. Pinnacle says that opening an office in New York has been a long-term goal, and with the hiring of Troy, the company believes the time is right to serve the market.

Troy had previously ran the New York operations of Meridian Fund Services.

“During this period of industry consolidation, we have listened intensely to all of the key drivers of our success to date and concluded, based on feedback received, that it was a natural progression that we establish a footprint in the New York area that enables us to offer a local touch to such an important source of fund managers without sacrificing quality of service,” says John Kelly, managing member of Pinnacle. “Once we came to this conclusion, we then started the daunting task of identifying a person that embraced, in all material respects, the same mission statement, business philosophy and ethics as ourselves. I am delighted to report that we have found such a person in Randy, and we are excited about working with him to enable our business to continue to thrive in the future, without sacrificing any of the hallmarks of our service that are so cherished by our current client base.”

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