Ultimus stated the hire reinforces the focus on alternative fund administration services and complements its acquisition of LeverPoint Management last year.
The acquisition of the New York-headquartered LeverPoint will boost Ultimus’ offering in the fastest growing segment of the fund services market.
Ultimus announced it would merge with Gemini in November after both companies entered into a deal to be acquired by private equity firm GTCR.
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The combined compan will hold approximately $150 billion of assets under administration and service over 840 funds.
Ultimus is now the fifth administrator to join the association, founded by former JP Morgan, Citi and State Street fund services veteran Chris Meader.
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Ultimus says it will now cater to a wider range of private equity, venture capital, real estate and hedge fund clients.
The UDA programme was launched last year exclusively to investment adviser clients, focusing on providing timely mutual fund distribution platform information.
David James will be responsible for all legal aspects of Ultimus’ operations and strategic initiatives, while also overseeing its fund administration department.